Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts

Friday, March 2, 2018

Duggars SLAMMED For Lavish Displays of Wealth: They Own HOW MANY Planes?!

The Duggars built their media empire by shilling wholesome values and the joys of simple living to an audience that ate it up like so many pickles and Chick-Fil-A sandwiches.


But throughout the family’s decade in the spotlight, even diehard fans have wondered if the Duggars are living double lives – preaching the virtues of frugality and humility, while at the same time enjoying lives of incredible fame and fortune.



Over the years, fans have taken issue with Jim Bob’s “high-class hoarding,” and other ostentatious displays of wealth.


The Duggar patriarch has been accused of buying up large tracts of land with no plans to make use of them, simply so that he might appear even more powerful in the eyes of local politicians.


Not exactly in keeping with the WWJD philosophy, but believe it or not, Jim Bob’s desire for increased clout and high-end antiques isn’t even the most galling example of the family’s mixed messaging regarding personal wealth.


No, that honor belongs to the Duggars’ astonishingly large fleet of private aircraft.



You may have been aware that the Duggars own a private jet, but were you aware that they own several other small planes, as well?


The first and most famous Duggar aircraft is the one belonging to John David, who was the first in the family to get his pilot’s license.


The plane, a Cirrus SR22 was purchased as a gift for the Duggar’s second-oldest son back in 2014.


At the time, it would’ve retailed for about $ 764,900, but as In Touch Weekly points out the Duggars probably bought it used.


Which means it probably only ran them about $ 200,000.



Since then the number of pilots in the Duggar clan has grown rapidly with Josiah earning his license and Joy marrying Austin Forsyth who counts piloting among his many professions.


So perhaps it’s not surprising that Jim Bob has decided to expand the family fleet in a major way.


Just last year, the Duggars purchased four planes from the ALERT Academy, bringing their total number of aircraft to whopping eight.


The folks at In Touch did the math, and assuming that the Duggars paid an average $ 547,000 per plane (only some of the purchases were second hand) that brings the total value of their fleet to $ 3,200,000.


Yes, the family that made a name for itself preaching modesty has spent over 3 mill on private planes in the past four years.



So what exactly is the family doing with all those big birds?


Well, Jim Bob recently incorporated Duggar Aviation LLC, and the company is headquartered out of nearby Springdale, Arkansas.


At this point, however, it doesn’t seem that the family is offering up commercial flights.


That may have plans to do so in the future, but many fans are suspicious that Duggar Aviation is nothing more than a shell corporation that allows Jim Bob to write off his plane collection as a business expense.


All in a day’s work for America’s favorite Christ-lovin’ capitalists.


Watch Counting On online for more from reality TV’s most controversial family.



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Thursday, January 11, 2018

Shannon Beador: David is Hiding His Wealth! I Deserve This!

After 17 years, Shannon Beador and David are divorcing.


At first, it seemed that the divorce for this Real Housewives of Orange County couple would remain amicable, for the sake of their three daughters. But that’s changed, and now Shannon aims to take everything from David. Get it, girl.


Now, a report about the couple’s court battle shows that she’s making good on her vow to go after his finances.



At the beginning of October of last year, we reported that Shannon Beador was ready to leave David. A few weeks leader, the two made their split official.


Two years after David confessed to cheating on her with a married friend, their marriage was on thin ice.


It seemed that they were basically living in the same house as neighbors, not partners. It sounded like some serious alienation.


Though David is the known cheater, it seems that problems really arose because David stopped loving Shannon when she gained weight.


That is heartbreaking, and now the couple is divorcing.



RadarOnline reports that Shannon is fighting David in court for money. Their source says:


“David is trying to be a cheapskate and Shannon isn’t having any of it.”


And at the divorce hearing scheduled for January 25th, she’s going to seek more cash.


“She demanded that he submit his current income to the judge because she believes he is grossly underestimating his net worth.”


That sounds like a very, very standard divorce.


“She knows that David has more money than he is claiming to have and isn’t going to let him get away easy.”



After the divorce announcement, the couple spent a few weeks playing nice for the sake of their children.


But even that polite facade has fallen apart.


And, from court filings, it looks like Shannon believes that David is trying to cling to every last penny that he owns.


“David has far greater access to funds to pay attorney fees, and the amount of the award for which request is made is modest relative to David’s income.”


If that’s all true, David will probably end up paying Shannon more than he’d like.


But Shannon isn’t just seeking payments for herself, folks.



“Shannon believes that David should pay for all three of their daughters’ college tuition in full.”


Well, hopefully he won’t fight Shannon on that issue.


He’s their father, and a college education is often a necessity, not a luxury.


It’s not his daughters’ “fault” that they were born, so their parents owe them the best start at life that they can provide.


And it sounds like David can provide quite a lot.



As we mentioned, this sort of financial wrangling is typical of divorce.


It’s so typical, in fact, that we’d almost be shocked if this weren’t happening.


The Beadors are rich, but not so rich that they’d each prefer to ignore a few million in order to avoid conflict. That’s for Hollywood A-listers, if anyone.


But the Beadors also aren’t so poor that their means are insignificant. So there’s a lot for them to contest.


More significantly, though, they are both dealing with complex emotions, including anger and grief. Love can turn to hate in an instant, and a lot of divorce battles have more to do with spite than anything else.



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