WATCH: Angelina Jolie about how she survived Brad Pitt
Last week, new financial documents revealed that Brad’s charity, Make It Right, received a large loan from his ex-wife Angelina to help fund the lawsuit he was facing to build damaged homes for victims of Hurricane Katrina. Now it is feared that Brad could lose all of his wealth as a result of ongoing legal and money problems.
Oscar winners, who are valued at around US $ 100 million, face crippling costs from class action lawsuits filed on behalf of residents who claim to suffer from illness and infrastructure problems on their property.
The charity Brad built 100 houses in a part of New Orleans that was particularly affected by the 2005 storm, but many were immediately uninhabitable due to damaged building materials.
The Maddox Jolie-Pitt Foundation (MJP) – founded in 2003 by Angelina Jolie to help people in Cambodia – lent Make It Right $ US500.00 according to the latest tax form submitted by MJP.
The papers stated that the charity Angelina gave half a million dollars “interest-free loans to public charities to help fund costs associated with pursuing legal action related to the construction deficit in houses built for the community”, stated as Make. It is true.
Angelina also gave $ US4,360,000 from 2007 to 2009 to Brad’s charity to help people who saw their homes destroyed by a storm, according to tax returns for that period.
While the Maddox Jolie-Pitt Foundation still has the name Brad, he hasn’t contributed a cent since the couple split in 2016. The last two tax returns state that Jolie has pumped more than US $ 7.5 million.
Now homeowners are looking for more than $ 50 million and there are fears other residents can keep up with their own lawsuits. In addition to complaining that houses have leaky roofs and rotten walls, residents claim that poisonous molds that are developing cause them to suffer various health problems. The Trudy Green family claims it played a major role in his death in January 2018 and has asked Brad and his foundation to take responsibility.
In October 2019, a judge refused Brad’s lawyer petition to have the actor removed from the lawsuit. But while Brad reportedly left the charity board, in September, a representative told NBC News that he was still working with the foundation to help repair damaged homes. And there is a possibility that he could be held fully responsible if the charity lost its case.
Maybe making things worse for Brad, the insurance company Make It Right reportedly refused to provide protection if the charity lost its lawsuits. This could mean that Brad might be forced to pay from his personal wealth. In turn, according to him, this could affect the final divorce settlement requirements of Angelina and Brad.
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