Larry Nassar Net Worth 2022 – Salary, Income, Earnings

Larry Nassar Net Worth 

Larry Nassar has an estimated net worth of $5 million. Larry Nassar, a former athletic trainer, and doctor, sexually assaulted hundreds of women and girls, many from the world of gymnastics. He earns most of his income from his career as a doctor and athletic trainer. 

Larry Nassar is a former doctor and athletic trainer who was convicted of sexual assault and child pornography possession. Hundreds of women and girls, ranging from Olympic gymnasts to family friends’ daughters, have accused him of sexual abuse. His crimes include abusing patients while pretending to provide medical treatment.

Following a 2016 Indianapolis Star report that included two women’s accounts of Nassar assault, more victims came forward. Despite the fact that previous investigations into Nassar’s actions had been dropped, he was charged and convicted this time. More than 150 women and girls delivered victim-impact statements in court before he was sentenced in January 2018 after pleading guilty to several sexual assault charges. This seven-day testimony was regarded as a watershed moment in the #MeToo movement.

To calculate the net worth of Larry Nassar, 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: Larry Nassar
Net Worth: $5 Million
Monthly Salary: $40 Thousand
Annual Income: $500 Thousand
Source of Wealth: Doctor, Athletic Trainer

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Early Life and Education

Lawrence Gerard Nassar was born in Farmington Hills, Michigan, on August 16, 1963. He graduated from North Farmington High School in Michigan in 1981. He studied kinesiology at the University of Michigan and graduated in 1985.

Nassar enrolled in the College of Osteopathic Medicine at Michigan State University in 1988. After failing biochemistry twice, he persuaded officials to let him switch from a four-year to a five-year program, giving him more time to work with gymnasts. In 1993, he graduated from medical school.

Career in Gymnastics

Nassar began working with his high school’s gymnastics team in 1978. By 1986, he was a member of the United States national gymnastics team. In 1996, he was appointed as USA Gymnastics’ national medical coordinator.

He was on hand the same year to treat Kerri Strug after she vaulted with an injured ankle during the Olympic Games. Nassar was appointed as an assistant professor at Michigan State University’s College of Osteopathic Medicine in August 1997.

Nassar frequently attempted to befriend gymnasts. He allegedly listened to them and could be counted on to provide treats to girls who weren’t getting enough to eat while training. Nassar was a member of USA Gymnastics until 2015, when he was fired following a report of abuse.

Though USA Gymnastics informed the FBI about Nassar’s allegations, they did not object when Nassar publicly stated that he had willingly retired. After leaving USA Gymnastics, Nassar continued to work at Twistars Gymnastics Club and Michigan State University.

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Nassar told injured female gymnasts that he could relieve their aches and pains through what he called “intravaginal adjustment.” While pelvic-floor manipulation is a legitimate treatment method, Nassar’s approach — not using gloves, never obtaining informed consent, and using this treatment even for knee and ankle injuries — defied accepted practice and allowed him to molest patients. He would rub a patient’s breasts and genitals and use his ungloved fingers to penetrate the vagina or anus.

Many of the women and girls Nassar abused believed his explanation that he was providing legitimate medical treatment and thus did not question his actions. He sometimes assaulted patients in the presence of their parents or others, making it difficult for some to believe that abuse had occurred. (Nassar had so many people convinced of his good intentions that when the allegations against him were first made public, he received messages of sympathy and support.)

Gymnasts described Nassar assaults in his apartment, at his office at Michigan State University, at the Twistars Gymnastics Club in Michigan, and at gymnastics events, including the Olympics. Nassar is said to have molested one victim over 800 times.

Nassar’s elevated status in the gymnastics world also made many gymnasts hesitant to speak out. Some were concerned that criticizing Nassar would jeopardize their careers. USA Gymnastics’ institutional culture appeared to be more concerned with preserving the organization than with protecting gymnasts.

Nonetheless, Nassar’s abuse was repeatedly reported but ignored. In 1997, a gymnast expressed concerns to her coach but was advised not to file an official complaint. A police report was filed against Nassar in 2004, but he used materials he’d created to persuade an officer that he was providing medical care.

Nassar was not deterred by a Title IX investigation at Michigan State University in 2014. And while the FBI investigation, which began in 2015, dragged on for months, Nassar abused an estimated 40 victims. According to a Senate investigation, the FBI “failed to pursue a course of action that would have immediately protected victims in danger.”

Rachael Denhollander, a former gymnast, was the first woman to publicly identify herself as a victim of Nassar’s abuse, according to the Indianapolis Star. Others soon spoke out, either to the police or to the public, about their encounters with Nassar. Several Olympians, including Aly Raisman, Simone Biles, McKayla Maroney, and Gabby Douglas, have admitted to being abused by Nassar.

Nassar assaulted other athletes at Michigan State University in addition to gymnasts. He also abused women who came to him for relief from minor aches and pains. He began molesting the 6-year-old daughter of family friends in 1998. She claims that the abuse occurred nearly weekly until she was 12 years old.

Despite the fact that the victims who first spoke out about Nassar were ignored or dismissed, they all had the opportunity to speak at his sentencing hearing in Ingham County in January 2018. 156 emotional victim-impact statements were shared over the course of seven days.

Michigan State University, where Nassar worked for many years, established a $500 million fund for his victims. More than 500 people have accused Nassar of abusing them in the years since his crimes were made public.

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Investigation and Trial

Nassar pleaded guilty to seven counts of first-degree criminal sexual conduct in Michigan’s Ingham County Circuit Court on November 22, 2017. Later that month, he pleaded guilty to three counts of first-degree criminal sexual conduct in Eaton County Circuit Court in Michigan.

Ingham County Court sentenced him to 40 to 175 years in prison in January 2018. Rosemarie Aquilina, the judge, told him, “I’m a judge who believes in life and, when possible, rehabilitation. That doesn’t seem possible with you. I just signed the death warrant for you.” In Eaton County, another sentence of 40 to 125 years was later imposed.

In September 2016, police took custody of external hard drives discovered in Nassar’s trash while investigating sexual assault allegations (these were only discovered because garbage pick-up was late that day).

They were discovered to contain over 37,000 images of child pornography, prompting Nassar to face federal charges. In July 2017, he entered a guilty plea to three child pornography charges. Later that year, he was sentenced to sixty years in prison for these crimes. Nassar must serve his federal prison sentence before serving time for his other convictions.

Wife and Children

Nassar married fellow athletic trainer Stefanie Lynn Anderson on October 19, 1996. The couple had three children: two daughters in 2001 and 2004, and a son in 2006.

Nassar has an autistic daughter. He founded the Gymnastics Doctor Autism Foundation to support gymnastics programs for autistic and other special-needs children.

Nassar’s wife divorced him after learning of his history of serial abuse.

Podcast and Documentaries

The Nassar case has been discussed on the podcast Believed, as well as in the documentaries At the Heart of Gold and Athlete A.

Further Reading

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