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Robert Flaxman Net Worth: What is His Annual Income?

robert flaxman net worth

Robert Flaxman, a real estate agent and exceptional industrial developer located in Los Angeles, is a prominent figure in the current American education crisis involving fraudulent college admissions. Since news of his death spread, he has recently been in the spotlight.

At the age of 66, Robert Flaxman took his own life by hanging himself in his Malibu home; his body was discovered during a welfare check. Because of the sudden interest in who Robert Flaxman was and what happened to him, we decided to build a wiki page about him. We may also discuss the personal and professional life of Robert Flaxman.

You are at the right place to know more about Robert Flaxman net worth.

Early Life of Robert Flaxman

Robert Flaxman is a prominent Los Angeles-based American industrial developer who is widely known for his role in the 2019 college admissions scandal.

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Robert Flaxman gained notoriety after he and 53 others were charged with paying Rick Singer, the scheme’s alleged mastermind, to help their children gain admission to elite universities.

Robert Flaxman was arrested in 2019 on charges of fraud and conspiracy after he allegedly spent $250,000 to secure his son’s admission to the University of San Diego in 2016 and another $75,000 to boost his daughter’s ACT scores. After being found guilty, he was sentenced to a month in prison.

Flaxman Was Charged in the College Admissions Scandal

The “Varsity Blues” college admissions scam of 2019 featured 33 parents, including Flaxman. William “Rick” Singer, the ringleader of the scam, allegedly orchestrated a scheme in which wealthy and famous parents inflated their children’s standardized test scores and bribed college admissions officers to get spots at elite universities.

To improve his daughter’s ACT score and increase her chances of getting into college, Flaxman paid Singer $75,000. According to the WSJ, Flaxman’s daughter began expressing an interest in higher education while she was a resident at a Montana boarding school for problematic kids. The singer was admitted to the University of San Francisco after raising her ACT score from 28 to 36.

Flaxman was sentenced to one month in jail, 250 hours of community service, one year of supervised release, and a $50,000 fine after pleading guilty to one count of conspiracy to conduct mail fraud and honest service mail fraud.
At the time of his guilty plea, Flaxman’s public relations firm released a statement saying, “He is genuinely regretful and realizes the seriousness of the offense.”

For any pain this has caused, he sincerely apologizes. He agrees that the verdict and sentence handed down by the court are fair.

Flaxman revealed he had candid discussions with his loved ones following his sentencing in an interview with the WSJ published in January 2020. He told the WSJ, “The lesson for me is to rely more in them.” Have faith that they will figure it out on their own.

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Full House’s Lori Loughlin and Desperate Housewives’ Felicity Huffman were both found guilty in the scandal. The judge gave Loughlin a sentence of two months in prison, two years of supervised release, 100 hours of community service, and a $150,000 fine.

Huffman was given a sentence of 14 days in prison, 250 hours of community service, a year of supervised release, and a $30,000 fine.

His Death Was Declared a Suicide

The Real Deal was the first to report Flaxman’s suicide. When authorities visited Flaxman’s Malibu house to check on his well-being, they discovered he had hanged himself, as reported by TMZ.

TMZ states that Flaxman had a history of melancholy and did not leave a note.

Robert Flaxman’s Net Worth

It is believed that Flaxman had a net worth of $5 million to $17 million at the time of his death. Before his arrest, his real estate development firm reportedly managed a portfolio worth $600 million, as reported by The Real Deal.
The Daily Beast claims that Flaxman,

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a real estate tycoon, was a flamboyant man who drove around in Rolls Royces, dated a Playboy model, hosted extravagant Beverly Hills pool parties, and occasionally used the identity, of Robert Emerald.

According to a 2020 story from the Los Angeles Times, Flaxman made $34 million upon the sale of two of his Beverly Hills properties after he finished serving his time in prison.

Wrapping Up

Robert Flaxman was arrested in 2019 on charges of fraud and conspiracy. He allegedly spent $250,000 to secure his son’s admission to the University of San Diego. Another $75,000 was used to boost his daughter’s ACT scores. After being found guilty, he was sentenced to a month in prison

Authorities discovered he had hanged himself, and did not leave a suicide note. Lori Loughlin and Felicity Huffman were both found guilty of using their identity for the last two seasons of Full House.

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