Keith Raniere Net Worth
Keith Raniere has an estimated net worth of $20 million. Keith Raniere was the head of NXIVM, an organization that promised self-improvement but devolved into a cult of criminality and coercion. He earns most of his income from his organization NXIVM.
Keith Raniere, the leader of the self-help organization NXIVM, captivated a smaller group of its approximately 17,000 students and seminar attendees. Some went into debt to continue taking NXIVM classes, while others relocated to Raniere, New York. Raniere was investigated for manipulating and injuring NXIVM members, including allegations of sexual abuse, according to a 2003 Forbes cover story and a 2012 exposé in The Albany Times-Union.
A 2017 New York Times report revealed that within NXIVM, a group of female “sex slaves” were being branded with Raniere’s initials near their pelvic bones. Raniere was arrested in 2018 and charged with racketeering, sex trafficking, extortion, and forced labor in 2019. He was convicted and sentenced to 120 years in prison in 2020.
To calculate the net worth of Keith Raniere, 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:
|Net Worth:||$20 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$3 Million|
|Source of Wealth:||NXIVM Cult Leader|
Raniere was born on August 26, 1960, in Brooklyn, New York. Raniere grew up in Suffern, New York. He described himself as a child prodigy who was speaking in full sentences at the age of one, reading at the age of two, and a proficient pianist by the age of twelve.
Raniere’s father was an advertising executive, and his mother taught ballroom dancing. His parents divorced when he was eight years old. Raniere became a caregiver for his mother, who had heart problems, while still in school. She died when he was 18 years old.
Raniere attended Troy, New York’s Rensselaer Polytechnic Institute. He earned a bachelor’s degree in biology, math, and physics in 1982. When Raniere was charged, prosecutors revealed that, despite his self-proclaimed genius, Raniere’s grade point average was only 2.26.
Raniere’s IQ was listed in the “Mega” genius category in an Australian edition of the Guinness Book of World Records in 1989.
Life Before NXIVM
Raniere worked as an Amway salesman after graduating from college. He then applied his knowledge of multilevel marketing to create Consumers’ Buyline, which required participants to acquire memberships in order to purchase discounted groceries and other items. Members who recruited new members earned commissions as well.
Consumers’ Buyline has grown to 250,000 members across several states, with an annual revenue of around $33 million. However, it ended up being investigated as a possible pyramid scheme by a number of state attorneys general. Raniere signed a consent order in New York in 1996. He agreed to pay a $40,000 fine and accept a lifetime ban from participating in any “chain distribution scheme.” Consumers’ Buyline had closed by 1997.
Raniere was also involved with National Health Network, a multilevel organization that sold vitamins, in the 1990s.
Leader of NXIVM
NXIVM was founded in 1998 as Executive Success Programs. The organization provided personal development and emotional management seminars to attendees in order to help them achieve greater self-fulfillment. NXIVM expanded from its first location near Albany, New York, to educational centers in New York City, Vancouver, and Mexico.
Raniere created NXIVM’s classes, drawing on Ayn Rand’s philosophies (she was a favorite author). His teachings encouraged students to pursue their own self-interested goals while avoiding “parasites” who could derail them. A nondisclosure agreement was required to attend NXIVM seminars, which cost thousands of dollars and had names like Explorations of Meaning (about memory), Human Pain, and Mobius (about self-healing).
The structure of NXIVM classes required students to provide personal information, which could later expose them to manipulation. As they rose through the ranks and recruited new members, students earned different colored sashes. Raniere was known as “Vanguard” as the leader of NXIVM. Students were expected to bow to him because his white sash was longer than anyone else’s. To commemorate Raniere’s birthday, NXIVM held a yearly gathering known as “Vanguard Week.”
Raniere’s directives within NXIVM may be misogynistic, controlling, and strange. He founded the Jness women’s group, which taught that men were naturally promiscuous while women were monogamous.
He believed that teaching or caring for children in a different language could help them become multilingual. Raniere formed an a cappella singing group to attract younger members to NXIVM. Members were only supposed to read his ostensibly unbiased news organization. Raniere also wished to establish his own country and control his own currency.
Despite his close involvement with NXIVM, Raniere held no official position. Nancy Salzman, also known as “Prefect,” was the owner of the organization. Raniere’s first student was her. Raniere usually slept late, then filled his days with long walks (sometimes accompanied by female followers) and nightly volleyball games, his favorite sport.
Among Raniere’s followers were several well-known names, including Emiliano Salinas, the son of a former Mexican president; heiresses Sara and Clare Bronfman, who provided large sums to NXIVM and Raniere; actress Allison Mack, star of the television show Smallville; and India Oxenberg, daughter of actress Catherine Oxenberg.
DOS, which allegedly stood for the Latin phrase “Dominus Obsequious Sororium,” which meant “Lord/Master of the Obedient Female Companions,” was an NXIVM subgroup. It was also referred to as the sorority or The Vow. The group was supposed to be a sisterhood of “masters” and “slaves” who would empower women through subjugation. Raniere was the group’s Master, or Grandmaster; Mack was one of his personal “slaves.”
Women who were “slaves” were expected to find their own followers, whom they would “master.” The new “slaves” would then recruit their own. Many of the women who were drafted had no idea Raniere was involved, believing the group was exclusively for women.
Initiates were branded with a cauterizing pen after joining DOS. Most people assumed the brand represented the elements, but it actually contained Raniere’s initials. “Not initially intended as my initials but they rearranged it slightly for tribute,” Raniere wrote in a text message.
To join DOS, a woman had to provide “collateral” that would be released if she spoke about the group. This could include naked photos, a (false) confession of abuse, or the deed to a house. Some women were told to sleep with Raniere and did so because they were afraid their collateral would be revealed otherwise.
Arrest, Trial and Sentencing
Raniere was apprehended by Mexican police at a luxury villa in Puerto Vallarta in March 2018, while attempting to hide in a closet. The following year, he went on trial for racketeering conspiracy, identity theft, extortion, forced labor, money laundering, wire fraud, and sex trafficking. In June 2019, he was found guilty on all seven counts. Raniere was sentenced to 120 years in prison on October 27, 2020.
Some of Raniere’s followers remained loyal to him even during his trial and sentencing. They wrote letters of support to the court and followed his instructions to create a podcast.
Many of Raniere’s female followers were forced to follow near-starvation diets; some became so thin that they stopped menstruating (he was attracted to very thin women). He punished women who did not follow his orders to be monogamous with him and manipulated others by telling them that disappointing him drained his energy.
Allegations of Raniere’s sex crimes against minors surfaced in a 2012 investigative series published by The Albany Times-Union. Raniere had taken their virginity when they were minors, according to two witnesses.
Another witness claimed to have seen Raniere enter her underage sister’s bedroom. During Raniere’s 2019 trial, a woman identified as “Daniela” claimed she was groomed by Raniere as a minor and was also confined to her room for two years after expressing interest in another man.
Raniere declared war on his perceived enemies, which included former NXIVM members and critics. Bronfman funds were frequently used to support lawsuits. Raniere sued Rick Ross, a cult expert, for distributing NXIVM materials online (in 2016, following a decade and a half of litigation, the suit was dismissed). Toni Natalie, a former girlfriend, claimed he harassed her into bankruptcy. Raniere also spied on his opponents through hacking and private investigators.
Raniere had children with two different women. In November 2016, he was devastated and unmoored by the death of his longtime girlfriend Pamela Cafritz.
Raniere’s life and crimes were examined in the 2020 films The Vow and Seduced. In 2019, there was also a two-hour special called The Lost Women of NXIVM.
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