Herbert W. Armstrong (Deceased) – $60 Million
Herbert W. Armstrong, who at his peak had an estimated worth of $60 million, was a pioneering figure in the world of religious broadcasting. He founded the Radio Church of God in 1933, which eventually evolved into the Worldwide Church of God. In addition to his church endeavors, Armstrong inaugurated Ambassador College in 1947. He holds the distinction of being among the early trailblazers in radio and tele-evangelism. However, his legacy is marred by allegations of misuse of funds. His son, Garner, claimed that Armstrong, along with church officials, channeled millions from the church’s substantial $60 million annual revenue towards personal expenditures. This was highlighted in Armstrong’s obituary by the New York Times. Following Armstrong’s demise, the church underwent significant doctrinal transformations, distancing itself from and renouncing some of Armstrong’s latter teachings, deeming them “aberrant.”
