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
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