About Joe Francis
Joe Francis is an American businessman and producer, best known as the founder and the developer of a successful adult entertainment franchise Girls Gone Wild. The company was a pioneer in using direct-response marketing techniques. It earns capital by making and distributing videos of young woman behaving “wildly” and willingly exposing their bodies at the parties. Joe Francis net worth is currently estimated at $150 million.
Francis was born in Georgia and raised in California, were he graduated from Laguna Beach High School. As a teenager he used to work at the video store. After the high school Joe continued his studies in the field of business. In 1995 he graduated from the University of Southern Carolina with a degree in entrepreneurship and business administration. The business plan that eventually boosted Joe Francis net worth traces back to the period when Joe worked as a production assistant for a reality television program Real TV. While looking for the videos to play on this show Francis found the footage taken during the Spring Break in a college campus that showed two girls flashing their breasts in the party. Francis has realized that such videos could attract a wide audience and hence earn a lot of money.
The Girls Gone Wild franchise was created by Joe in 1997 and soon became extremely profitable. During the first couple of years the company added over $20 million to Joe Francis net worth. Since its founding day the company has developed significantly. As for 2002 Francis was producing and selling 83 different types of videos. The company also aired short infomercials on all the biggest networks of the United States. On Joe’s behalf it has to be said that he used some of his fortunes for charitable work too. In 2005 after the Hurricane Katrina (the deadliest U.S. hurricane since the 1928) has devastated South Florida, Louisiana, Mississippi and most of the Eastern North America, Frances donated all the sales from one of his DVD lines to the Red Cross.
As indicated by his court records, Joe was a little less successful in his personal life than he was in his business. Francis has had legal issues in civil, state and federal levels. Not surprisingly, The Girls Gone Wild company has been under various charges. For example, in 2007 A. A. Dupre sued the company for using her videos without permission. The girl was forced to drop the charges when Joe revealed a record with her agreement. In 2012 the courts of Florida have caused a $50 million decrease in Joe Francis net worth, by pleading him guilty in a case against Steve Wynn. The whole fight started in 2008, when Francis refused to pay a $2 million debt for the casino. Eventually Joe was ordered to pay 25 times more.