Here's How the Menendez Brothers Blew Through Their Parents' $15 Million Estate

June 2024 ยท 3 minute read

True crime aficionados are acquainted with the tale of the Menendez brothers, who had been sentenced to life in jail after being convicted of murdering their parents. For a 2nd, they inherited their father's massive fortune. So, what took place to the money? Details inside.

Source: ABC

Almost everyone who grew up in the '90s has heard about the famed Menendez brothers, Lyle and Erik, who in 1989, opened fireplace on their oldsters and murdered them both in their Beverly Hills mansion. 

At trial, prosecutors argued that the brothers had committed the double-murder out of greed, with a view to get their palms on the a hit Cuban-American family's fortune.

And they did pass on moderately the spending spree immediately following the murders, purchasing sports activities automobiles, limousines, and even restaurants. But now that they are both serving two existence sentences with out the risk of parole, what happened to the Menendez brothers' money?

Keep reading to determine.

Source: ABC

The Menendez family estate was valued at over $14.5 million in 1990.

After taking pictures their folks, Lyle and Erik launched into a quite erratic buying groceries spree where they burned through over a million bucks on ski trips, tennis tournaments, and expensive watches in the two months main as much as their October 31, 1989 confession.

And even if the Menendez brothers' estate was idea to "be worth $14,501,342, according to a probate document filed Aug. 22, 1990," consistent with the Los Angeles Times, all of that has now been run through. 

From the very start, the brothers had asserted that cash had nothing to do with the brutal shotgun slaying of their oldsters. As TIME places it, "Lyle and Erik decided they would rid themselves of their abusive father and save their mother the anguish of living without him by killing her too."

Here's how the Menendez brothers burned through their fortune.

Those who've watched the NBC true crime Law & Order True Crime: The Menendez Murders most probably take into accout bigs and items of their notorious shopping spree โ€” and how it was once one in every of the key issues of proof the prosecution used towards the brothers all over their trial. 

Source: ABC

Four days once they killed their folks, as an example, the brothers dropped $15,000 on 3 Rolex watches that they wore to the funeral the following day. Lyle's bodyguard, Richard Wenskoski, additionally stated that Lyle regularly jumped out of his limousine to spend a mean of $3,000 on miscellaneous clothing and sports apparel.

Avid tennis gamers, each Erik and Lyle decided to invest in their athletic careers, losing tens of thousands of dollars on expensive tennis coaches. Mark Heffernan, for example, testified he trained with the brothers for 10 hours a day. Erik, who was once extra keen about the game than Kyle, spent much more on flights in a foreign country for tournaments and competitions.

Oh, they usually both bought beautiful cars following murdering their parents โ€” Lyle dropped $64,000 on a special edition Porsche Carrera, while Erik upgraded his Ford Mustang for a Jeep Wrangler. Then, Lyle purchased a cafe in Princeton, N.J. for the song of part a million dollars. The brothers' ultimate function used to be to buy a luxurious rental in the Marina City Club for a cool $900,000.

None of this is even counting the lodge stays, ski journeys, and other investments the brothers sought to deem inadmissible in the courts โ€” or the more or less $5.4 million they spent in taxes and attorney charges for their defense.

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