Robert Flaxman Net Worth: What Was His Income At The Time of His Death?

This is one of the questions that people ask about Robert Flaxman the most, and although they every time end up answering it on other pages with an “I don’t know, you know” or “it depends” if there are some assumptions that various web portals mention, this is one of the questions that people ask the most about Robert Flaxman.

It was estimated that Robert Flaxman had a net worth of anywhere between $8 million and $17 million at the time of his death. Many people believe that Robert Flaxman’s net worth is somewhere around $12 million, which is consistent with their forecasts.

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Robert Flaxman’s Net Worth

Flaxman’s estimated net worth at the time of his death ranged from $5 million to $17 million. His real estate development business allegedly managed a $600 million portfolio prior to his arrest, according to The Real Deal.

The Daily Beast claims that Flaxman was a flamboyant real estate mogul who enjoyed riding in Rolls Royces, dating Playboy models, hosting lavish pool parties in Beverly Hills, and occasionally going by the name Robert Emerald. After serving his sentence, Flaxman reportedly sold two of his close-by Beverly Hills properties for $34 million, according to a 2020 Los Angeles Times article.

What Was Robert Flaxman’s Cause of Death?

In order to get his daughter into college, Robert Flaxman, a real estate mogul from Southern California, pleaded to a federal fraud conspiracy charge. Flaxman has since died away. The True Story has already broken the news of his passing. At this time, there are no internet resources for information regarding the funeral.

The Los Angeles County Medical Examiner-Coroner reports that 66-year-old Mr. Flaxman took his own life on October 20. Mr. Flaxman, CEO of Crown Realty & Development in Costa Mesa, California, was among more than 30 parents charged in the comprehensive Varsity Blues probe that was released in 2019.

Robert Flaxman
Robert Flaxman

He admitted paying a test proctor $75,000 to raise his daughter’s ACT score, which he attributed to collusion with a dishonest college counselor. He was sentenced to one month in jail, one year of probation, 250 hours of community service, and a $50,000 fine in October 2019.

His time at an Arizona federal prison ended in late 2019. In 2020, Flaxman put a $34,000,000 price tag on each of the Beverly Hills properties he owned. His firm constructed both the Montelucia Resort in Scottsdale and the Mountain Shadows Resort in Paradise Valley.

Crown held the resort from 2007 until 2015 when it was sold to Westroc Hospitality and Woodbine Development Corp., who renovated the former Mountain Shadows site into the current resort. Crown Realty, after a lengthy legal battle, was granted permission to develop a 96.5-acre parcel in Desert Ridge, north of Phoenix, for the City North neighborhood.

The real estate firm paid $54 million for land owned by the state with an estimated value of over $120 million. Robert Flaxman, then 22 years old, married Jane Flaxman, who was born in Limehouse, London, England, in around 1867, at the wedding venue. Alice and Rose Eleanor Flaxman, along with their four children, made up their family of six.

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