What is Russell Armstrong's Net Worth?
Russell Armstrong, an American investment banker and venture capitalist, had a net worth of -$1 million at the time of his death, according to various reports. He gained public attention alongside his wife, Taylor Armstrong, during their appearance on the first season of The Real Housewives of Beverly Hills.
Career and Business Ventures
Armstrong was involved in business ventures with over 200 companies throughout his career. He played a significant role as the Founding Managing Director of Crescent Financial Partners, contributing to various financial initiatives and strategies in the investment banking sector.
Personal Struggles
On August 15, 2011, Russell Armstrong was found dead in a Los Angeles mansion on Mulholland Drive, in what appeared to be a suicide. This tragic event occurred just one month after his wife, Taylor Armstrong, filed for divorce, citing physical abuse. The couple's troubled relationship and Russell's financial woes added to the pressures he faced.
Reports indicated that Armstrong was overwhelmed by financial problems, facing significant debt that even led to his credit cards being declined at restaurants. In 2005, he had already filed for bankruptcy, declaring he had no more than $50,000 in assets against liabilities that could reach $10 million. These persistent financial issues exacerbated his difficulties towards the end of his life.
