Financial Details
At Popoff's peak in 1987, according to James Randi, he took in $4.3 million a month. After his exposure on The Tonight Show he declared bankruptcy in 1987.
In 2003, Popoff's ministry received over $9.6 million and by 2005 the amount had risen to over $23 million. In that year he and his wife were paid a combined total of nearly $1 million, while two of his children were receiving over $180,000 each. Financial data is not available for Popoff's ministry following 2005 because Peter Popoff Ministries changed from a for-profit business to a religious organization in 2006, making it tax-exempt. Popoff purchased a home in Bradbury, California for $4.5 million in 2007. He reportedly drives a Porsche and a Mercedes-Benz. Some reporters are urging those who have donated money to Popoff in hopes of receiving "miracles" to report to the Attorney General in their state.
Read more about this topic: Peter Popoff
Famous quotes containing the words financial and/or details:
“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nation’s agenda. I proposed to act on my belief that regardless of a family’s financial condition, education should be available to every child in the United States—as much education as he could absorb.”
—Lyndon Baines Johnson (1908–1973)
“Then he told the news media
the strange details of his death
and they hammered him up in the marketplace
and sold him and sold him and sold him.
My death the same.”
—Anne Sexton (1928–1974)