Erika Girardi Net Worth
$5 million is the net worth of Erika Girardi
An estimated $5 million in net worth may be attributed to Erika Jayne, an American actor, singer, and reality television personality. Despite her popularity as a dance/club singer, Erika Jayne is arguably best recognised for her role as one of “The Real Housewives of Beverly Hills” on Bravo.
Erika Girardi: Early Life
Erika Chahoy is a native Atlantan who attended Atlanta Public Schools. To pursue a career in acting and singing, she relocated to New York City at the age of 18. She appeared on a few television programmes in the mid-1990s. She ended up in Los Angeles in the end.
Erika began working at Chasen's, a Beverly Hills bar/restaurant, sometime in the late 1990s, while she was still going by her birth name Erika Chahoy. To Tom Girardi, a lawyer, the restaurant's co-owner was one of the most important people.
Tom Girardi amassed a sizable fortune as a founding partner of the consumer malpractice firm Girardi & Keese in downtown Los Angeles. A medical malpractice lawsuit won by Girardi in 1970 for more than $1 million made him renowned in the state of California.
Tom went on to win billions of dollars in judgments against firms including Lockheed Corp, the Los Angeles County Metropolitan Transportation Authority, and Pacific Gas & Electric Co. throughout the years. Girardi also went after Hollywood's seven biggest studios. An award of $333 million to 650 residents of Hinkley, California, was the inspiration for the film Erin Brockovich.
Erika Girardi: Marriage
In the late 1990s, Erika and Tom began dating. She was in her late twenties when he was in his sixties. The Los Angeles Country Club was the venue for Erika and Tom's wedding in 2000. Tom was in the middle of a divorce fight with his first wife at the time of their marriage. Tom had a monthly salary of $263,000 at the time of his divorce from wife #1, according to court documents. According to reports, Erika and Tom didn't sign a prenuptial agreement.
After 21 years of marriage, Tom and Erika have decided to divorce in November 2020.
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Erika Girardi: Music Career
Erika made the decision to pursue a music career in 2007 or thereabouts. “Roller Coaster” was the name of a song she released in 2007. The song debuted at the top of the Billboard Hot Dance Club Play chart in the United States. In August 2009, she released her self-titled first album.
Tom provided Erika's music career with all of the greatest resources possible. They recruited Michael Jackson's choreographer, RuPaul's costume designer, and songwriter/producer Andreas Carlsson, who has written songs for Stevie Nicks, the Backstreet Boys and Celine Dion among many others.
Erika would go on to have nine tracks reach the top of the Billboard Dance Chart in the United States. ‘The Watch,' for example, included her song. Both “The Neighbor” and “Toddlers and Tiaras” are reality TV shows based on real life situations. Erika set out on a tour of Asia, where she gained a cult-like following.
Erika Girardi: Bankruptcy
Tom was apparently trying to acquire financing for his legal practise while Erika became a reality star. Giraldi put his net worth at $264 million in one loan application during this period, according to an article in the LA Times. Two private jets, $9 million in jewels, $3 million in antiquities, and a Pasadena home worth $15.5 million were among the assets detailed in the application. To be on the safe side, he predicted that his firm's 2016 legal expenses would be in excess of $110,000,000.00.
Later, upon looking at Giraldi's accounts, one of his creditors, Law Finance Group, reportedly became worried when it discovered millions of dollars being moved to Erika's entertainment firm, EJ Global LLC. It was estimated that $20 million had been moved.
The creditor filed a lawsuit, alleging that Tom and Erika were living above their means and demanded payback. In Tom's opinion, the allegations were a scam. The two of them came to terms.
Some other creditors, including a security company hired to secure their Pasadena residence, requested $53,000; and Tom's first wife claimed that her $10,000 monthly alimony payments had ended, according to the court documents.
It was revealed that one of Girardi's clients, a man who was burned in a 2010 PGE pipeline explosion, had not received the millions of dollars that had been agreed upon as a settlement. Girardi promised to pay the guy $12 million in January 2020, but only paid $1 million, according to reports. Approximately $23 million worth of assets belonging to Girardi and Jayne were placed under a lien by the family's legal team.
The involuntary Chapter 7 bankruptcy filed by Tom and his business in December 2020 was the result of a court order. His former legal partners, who claimed he owed them $750,000 and $1.5 million, were among his many creditors. A federal complaint had been filed against Tom a month earlier, alleging that he had embezzled “millions of dollars” owing to clients.
The Los Angeles Times reports that Tom revealed the following during evidence he gave in late 2020:
“Somewhere around $80 million or $50 million was in my bank account at one time. All of that is gone. I don't have any cash on hand.”
Tom's stock portfolio, which had formerly been valued $50 million, was found to be worth only a few thousand dollars after an inspection.
Erika's entertainment firm received $20 million in a transfer from Girardi, according to previous court testimony. Erika was said to be hiding $20 million in assets from Tom and the other claimants in their bankruptcy action, which alleged that their divorce was a fraud. According to reports, Girardi's non-payment of settlement money has been echoed by other creditors.
Erika Girardi: Real Estate
Tom and Erika resided in a 10,000-square-foot Pasadena, California estate on 1.7 acres for the majority of their marriage. They put the house on the market for $13 million in May of next year. A sale of the property is expected to clear the couple's obligations in full, according to numerous sources. Erika allegedly left the property last year and now lives in a rental in Los Angeles' Hancock Park district.
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