Bernard Goetz Net Worth 2022 – Salary, Income, Earnings

Bernard Goetz Net Worth

Bernard Goetz has an estimated net worth of $1 million. Bernard Goetz is best known as the “Subway Vigilante” for shooting four teenagers during an attempted mugging in a NYC subway car.

In 1969, Goetz graduated from New York University with a bachelor’s degree in electrical and nuclear engineering. When he was mugged for the second time in 1981, he was working at an electronics business he had established in his apartment, and he began carrying a concealed handgun despite having no permit to do so.

Goetz was enraged by the lack of prosecution of the three assailants. In 1984, four teenagers approached Goetz again, but this time he shot all four, paralyzing one of them permanently, Darrell Cabey.

Some New Yorkers considered him a folk hero as a result of the case, believing that his actions were justified. Goetz was acquitted of attempted murder in the criminal trial, but convicted of illegal firearms possession.

Cabey was later awarded millions of dollars in damages by a jury in a civil trial. Then Goetz declared bankruptcy.

To calculate the net worth of Bernard Goetz, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.

All debts, such as personal loans and mortgages, are included in total liabilities. 

Here’s the breakdown of his net worth:

Name: Bernard Goetz
Net Worth: $1 Million
Monthly Salary: $20 Thousand
Annual Income: $500 Thousand
Source of Wealth: Engineering Business

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Early Life

Bernard Hugo Goetz was born in Queens, New York, on November 7, 1947. Goetz, the youngest of four children, grew up primarily in upstate New York. His father, a German immigrant, ran a bookbinding business and a dairy farm on 300 acres. Goetz’s family life took a dramatic turn when he was 12 years old, when his father was arrested on charges of molesting two 15-year-old boys. The elder Goetz admitted to disorderly conduct.

Bernard was sent to boarding school in Switzerland to avoid further embarrassment. He eventually returned to the United States and enrolled at New York University, where he received a bachelor’s degree in electrical and nuclear engineering. Goetz owned and operated a small business that specialized in calibrating high-end electronic equipment by the late 1970s.

Goetz thrived in a world of machines and exact calculations, but interacting with people was a different story. He was outraged by what he saw as New York City’s crumbling social structure and lobbied city officials to clean up his neighborhood.

Then, in January 1981, he was attacked at a subway station by three teenagers. He was fortunate to escape with only a knee injury, but two of the three assailants were able to flee. The other was only detained for a few hours at a police station. Goetz was enraged, and before the end of the year, he applied for a gun permit.

Shooting Incident

Goetz entered an empty Manhattan train on December 22, 1984, carrying an unlicensed.38 caliber revolver. Four teenagers were also in the car: Troy Canty, Barry Allen, Darrell Cabey, and James Ramseur. According to witness testimony, Goetz had barely taken his seat when the young men approached him for $5. Canty responded, “Give me your money,” when Goetz refused.

Goetz stood up, suspecting he was being set up for another mugging, and said, “You all can have it.” Goetz began firing his revolver, injuring all four teenagers. When the train came to a stop, a startled Goetz jumped out of the car and fled the city, eventually arriving in Concord, New Hampshire. Goetz surrendered to police eight days after the shooting.

The New York City that Goetz returned to was not the same as the one he had left. New Yorkers, fed up with the crime that had engulfed their city, elevated Goetz to hero status. Joan Rivers sent Goetz a telegram with “love and kisses” and offered to help him pay his bail.

T-shirts commemorating Goetz’s actions appeared everywhere. Goetz, who had posted his own $50,000 bail, didn’t want any of it. At least not initially. “I’m astounded by this celebrity,” he told the New York Post. “I’d prefer to remain anonymous.”

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Trials and Public Image

A predominantly white Manhattan jury acquitted Goetz of attempted murder in 1987, but he was found guilty of illegal firearms possession, for which he served less than a year. Nonetheless, pressure to hold the shooter accountable for his actions landed Goetz in court again. This time, though, Goetz refused to stay on the sidelines.

“I wanted to kill those guys. I wanted to maim those guys. I wanted to make them suffer in every way I could…. If I had more bullets, I would have shot them all again and again. My problem was I ran out of bullets.” – Bernard Goetz

Following the conclusion of his first trial, he became much more vocal about the city’s problems. He advocated arming all civilians and told one reporter that Cabey’s mother would have been better off if she had had an abortion.

In 1996, a civil jury in the Bronx ruled in favor of the plaintiff and awarded $43 million in damages to Cabey, who had been paralyzed by the shooting. Goetz declared bankruptcy immediately.

Goetz embraced celebrity, as he had begun to do before his second trial. He appeared in two short films, advocated for marijuana legalization, ran for mayor, made numerous television and radio appearances, and even opened a new store called Vigilante Electronics.

Goetz made headlines again in November 2013 when he was arrested on drug charges. He was arrested after selling $30 worth of marijuana to an undercover cop in New York City. Those charges were later dropped in 2014 by a judge who ruled that the prosecutors had taken too long to bring the case to trial.

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