Here's How Much Joe Francis Is Really Worth

In 2002, Joe Francis purchased a very tony Bel-Air bachelor pad for nearly $5.5. Million. The estate sits in the same cul-de-sac as that of legendary music producer Quincy Jones. The 6,446-square-foot mansion, built in 1995, has 5 ensuite bedrooms and 7 bathrooms, per Dirt.

When Francis refused to pay Steve Wynn the nearly $20 million he owed him after losing a defamation suit to the casino magnate, Wynn began attempting to seize assets from the "Girls Gone Wild" founder, including his home.

The problem for Wynn was, Francis' home was already "in and out of foreclosure," according to Dirt. Francis also began rearranging his assets to hide from Wynn and transferred the property through a series of shell companies. But all this maneuvering was for naught. By 2019, U.S. Marshals decreed the house belonged to Wynn. At the time of the transfer, the property value was freshly appraised at $6.7 million, according to Celebrity Net Worth. 

Interestingly, "the U.S. government exercised its right of redemption and bought out [Wynn's] interest in the property," Dirt reported. The feds then flipped the nearly one-acre estate to a Kuwaiti billionaire and made a nearly $2 million profit. Everybody won on this deal, including taxpayers, except, of course, Francis, who still owed Wynn millions, and whose outrageous claims in court cost him all his home's equity.

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