Lyle and Erik Menendez were two of the most infamous individuals to be accused of patricide and matricide. The Menendez brothers’ wealth, lavish lifestyle and cavalier attitude about their crime has also made them some of the fascinating figures in history, which is all the more reason why years after their shocking crime, movies continue to be made about their lives. However, an interesting question is what happened to the Menendez family fortune and what is Lyle and Eric Menendez net worth?Image Credit: Daily Mail
Lyle and Erik Mendendez grew up chiefly in Calabasas, California which is where their father’s work took the family. The boys were actually born in the Northeast. The brothers received only average grades in school but did excel in tennis, earning them admission to top tier colleges. For instance, Lyle attended Princeton University. Psychological trauma dogged the Menendez family given that Lyle and Erik Menendez claimed that their father had sexually molested them when they were young children. In fact, the brothers recounted having revealed this to a friend when they were only 10 years old. Years of psychological trauma and abuse was the basis for the brothers’ defense in the trial that they underwent for the murder of their parents in 1989. Despite this claim, however, the brothers were convicted in 1994 for the murder of their parents that took place in 1989.
Lyle and Eric Menendez murdered their parents by shotgun and tried to make the murders look as if organized crime members were guilty. In the 6 months in 1989 following the murder, the brothers spent close to $1 million on their lavish lifestyles, purchasing luxury cars, restaurants and high-end watches.
Eventually, Erik Mendendez confessed the murder of his parents to his psychologist.
The Mendendez family wealth came from Lyle and Eric’s father, who had grown in his career to become the CEO of LIVE Entertainment. In 1993, a few years after the murder, the Mendendez brothes’ net worth was estimated to be a total of $14 million. However, keep in mind, that Lyle and Erik had to hire expensive lawyers to undergo multiple trials and saw their wealth falling prey to debt. So between legal fees and debts, their estate underwent significant decline.
So what is Lyle and Eric Menendez’s net worth? Lyle and Erik Menendez’s net worth is estimated to be none and they’re essentially bankrupt.
Also read about: Trump’s Legal Team: Jay Sekulow & Justin Clarke’s Net Worth