Disgraced and Bankrupt: Alex Jones Wants $520K Salary

Alex Jones' media company has proposed a bankruptcy plan that would still allow him to be paid $520,000 per year, reports Insider.

This plan would also see the far-right conspiracy theorist and podcaster paying less than 4% of what he owes the families of the Sandy Hook victims, over the next five years.

Jones owes around $1.5 billion to the relatives of the Sandy Hook shooting victims. They sued him after he called the 2012 massacre a hoax and said the families of 20 murdered children were crisis actors. 

He Wants Money

Jones and his company, Free Speech Systems — which he fully owns — filed for bankruptcy separately in December and July, respectively.

As part of the bankruptcy proceedings, Free Speech Systems filed a reorganization proposal on Tuesday. In the proposal, the company said it expects to make around $30 million annually from selling nutrition supplements like vitamin gummies and fish oil.

But only around $7 million to $10 million of that money would go to creditors each year, per the plan filed in the Texas Southern Bankruptcy Court, seen by Insider.

The rest of the money will be used for the cost of goods and operations expenses, as well as paying $520,000 each to Jones and a potential new chief operating officer.

Another $560,000 would be reserved for "executive incentive" bonuses. The plan states that these bonuses can be increased to a $1.26 million per year payout, by 2027.