What is Peter Popoff's Net Worth?
Peter Popoff is a German American televangelist and faith healer who has a net worth of $10 million. Peter Popoff was born in West Berlin, Germany in July 1946. His family immigrated to the United States when he was a child. Popoff attended Chaffey College and the University of California, Santa Barbara. He started his television ministry and had a weekly national program by the early 1980s. Popoff has authored 11 books. He made national headlines in 1984 when he campaigned to raise money to smuggle bibles into the Soviet Union. He was questioned about how money was spent and staged a burglary of his headquarters, which he later begged for more money to repair damages. Popoff would state specific illnesses and home addresses of audience members and claimed it was due to divine revelation.
It was found out by skeptic James Randi that Popoff was using an in-ear receiver to obtain the information. Clips from the investigation were aired on The Tonight Show. Popoff declared bankruptcy in 1987 with nearly 800 creditors having claims against him. Before going bankrupt he was said to have been taking in nearly $4 million a year. Popoff reappeared in 1998 and marketed himself to an African American audience on BET. In 2005 his ministry received more than $23 million and Peter took home nearly $1 million. In 2006 he changed Peter Popoff Ministries from a for-profit business to a religious organization becoming tax exempt. The Steve Martin movie Leap of Faith was based on Popoff. In 2007 he bought a home in Bradbury, California for $4.5 and he has also owned a Mercedes-Benz and a Porsche.
