Rolling Out

Bill Cosby facing complete financial ruin

Cosby’s once formidable financial empire is nearing complete ruin
Photo credit: Randy Miramontez /

Fallen funnyman Bill Cosby and his wife Camille are in a precarious financial position as the sexual assault lawsuits continue to mount.

The former Hollywood heavyweight, who created and starred in his eponymous groundbreaking primetime sitcom in the 1980s, has had to resort to “liquidating” assets, obtaining “second mortgages,” and “selling off artwork” to reconcile their massive debt brought on by nonending legal fees.

“It’s never going to end,” RadarOnline reports. “They are in financial turmoil right now.”

The Cosbys have declined to comment on this issue with the media, as family rep, Andrew Wyatt, simply told the publication “no comment.”

Cosby has recently emerged from the Judy Huth lawsuit in Los Angeles County, where he was ordered to pay her half a million dollars in damages. The disgraced comedian still owes approximately $650k for the 2019 and 2020 tax years — the former amounting to $88,566.88 and the latter to $559,573.77.

Despite this mountainous financial hurdle, Cosby has to reconcile, RadarOnline reports that wife Camille Cosby remains resolute in her refusal to change her lifestyle to reflect the family’s current financial quagmire. The family has not paid the staff for some time. However, the publication states that Cosby’s wife refuses to fire their staff and personal chef, creating a reported rift between the husband and wife.

Cosby’s personal fortune was once about $400 million. But the 86-year-old man, who was once called “America’s dad,” has been unable to resuscitate his image and career since he was sentenced to three to 10 years in a Pennsylvania prison for drugging and sexually assaulting former Temple University employee Andrea Constand in 2004.

Without the once-dependable revenue streams that came from touring, creating comedy specials, hosting TV game shows, and producing television fare, Cosby may never be able to rebuild the vast entertainment empire he once amassed.

11 Responses

  1. He is far from broke. He is trying to gaslight the public so as to shame and new litigation. I say bring it on and let this turd pay for his socal damages.

  2. I don’t think he should have to pay anything considering the fact that most of them went back more than once and waited 30 years to say anything.

    1. I agree. Why did they not come back then with these cases. It should be dismissed. But why did they wait. It should have been done then. These woman want to retire and want the money to come from him. Sad

  3. So sorry to hear … a once respected n admired public figure being held to account. Sorry Camille, your old man was a dog of a terrible breed… we all lost bc we gave him our trust…. Get over yourself Camille. Stand by him. He doesn’t gave much longer on Earth anyway

  4. Wrong doing reaps severe consequences as it should. He has not even accepted responsibility for his heinous actions. He shall reap what he sowed.

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