Jen Shah had a relatively remarkable net worth before her engagement in the Real Housewives franchise as the CEO and founder of three firms. Now that the truth has been revealed, it appears that all of that wealth was obtained at the cost of innocent victims of fraud.
The Real Housewives of Salt Lake City actress was sentenced to 78 months (6.5 years) in jail for her role in a fraudulent enterprise that defrauded hundreds of individuals.
The net worth of Jen Shah
Nevertheless, in January 2023, she was imprisoned for wire fraud in connection with a telemarketing scam she allegedly ran in 2012. According to the New York Times, the hustle duped victims (mainly the elderly) into spending money for services that claimed to help them generate money through their internet enterprises. Jen allegedly utilised the “profits” from this plan to support her lavish lifestyle on RHOSLC.
Despite possessing an approximate wealth of $3 million, Jen appears to be in the red. According to prosecutors, in addition to her jail sentence, she is likely to pay $6.6 million in restitution and lose another $6.5 million.
How much money does Jen make on RHOSLC?
According to Screenrant, cast member wages are rarely publicised, although most Housewives earn between $50,000 and $100,000 in their early days on the show.
Her net worth was justified by calling herself “the Wizard of Oz” of marketing?
Jen once compared herself to “the Wizard of Oz.”Nobody sees the person behind the curtain, yet no one knows how things function.” The remark no longer seems so good now that it has taken on a new meaning.
Jen Shah makes money in what way?
Jen used to own a marketing firm, and now the focus of her legal problems. But that’s not all. She has already founded three other businesses: JXA Fashion, Shah Beauty, and The Real Shah Lashes.
What was Jen Shah charged with stealing?
Shah agreed to admit guilt to one count of conspiracy to conduct fraud and money laundering, forfeit $6.5 million in proceeds linked to the plot, and pay up to $9.5 million in damages. In addition, she faces up to 30 years in federal prison.