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home Gossip Harvey Weinstein's Downfall: How He Built His Million-Dollar Empire And Lost It Overnight Because He Could Not Respect Women

Harvey Weinstein's Downfall: How He Built His Million-Dollar Empire And Lost It Overnight Because He Could Not Respect Women

Published Thu Feb 27 2020 By Amy
Harvey Weinstein's Downfall: How He Built His Million-Dollar Empire And Lost It Overnight Because He Could Not Respect Women

The higher they rise, the harder they fall, and that’s precisely what happened to American former film producer Harvey Weinstein. The Academy Award-winning film producer gained world-wide recognition for his work in hit films like Piranha 3DD, Mandela: Long Walk to Freedom, Shakespeare in Love, and many more.

So what exactly is meant by the Hollywood god’s downfall? Will he still wield his fame, fortune, and influence as a social weapon?   

How Did Harvey Weinstein Rise To Stardom?

Former American film producer Harvey Weinstein is worth $25 million as of 2020. He and his brother Bob Weinstein co-founded the entertainment company Miramax which is known for producing and distributing films and televisions shows. 

In the early-1990s, the brothers sold their company to Disney for $90 million. The brothers have been the co-chairman of The Weinstein Company since 2005 and own a combined 42% of the company until 2017 when Harvey was fired.    

Harvey and his brother Bob co-founded Miramax which they later sold to Disney for $90 millionImage Source: Variety
Harvey and his brother Bob co-founded Miramax which they later sold to Disney for $90 million

Image Source: Variety

In 1998, Harvey earned an Academy Award and seven Tony Awards for Shakespeare in Love. Gradually, Harvey became the Hollywood god with 81 Oscars and an army of celebrity friends.

As per various reports, Harvey was estimated to own net worth at around $300 million at the peak of his career. He also made a decent sum of money from his real estate sales. In 2018, he roughly sold six homes for a total of $56 million.  

Likewise, he made a $10.65 million profit from a townhouse in New York City, which he purchased for $15 million back in 2006 and sold it for $25.6 million in 2018.

However, all of his achievements went in vain and were all for nothing after he got arrested for rape charges on 25th May 2018.  

As per reports of May 2019, he was reported to reach a $44 million settlement with the rape victims. By the end of 2019, the settlement had actually been reached at $25 million, which will be paid by insurers covering The Weinstein Company.

Moreover, all of the money and assets, including their houses earned by Weinstein over the past decades, will be community property.  

Following the rape charges, Harvey’s wife, designer Georgina Chapman will be leaving her husband and is planning to divorce him.

Harvey and Georgia got married in 2007Image Source: People
Harvey and Georgia got married in 2007

Image Source: People

Amidst the lawsuits and chaos, various online sources estimated this scandal to cost Harvey over $100 million.

Harvey Was Convicted As A Rapist- He Will Reportedly Face Life Sentence Of 5-29 Years In Jail

On 24th February 2020, Harvey Weinstein was convicted as a rapist and sex offender after dozens of women came out with rape charges, sexual assault, and harassment. He was charged with one count of criminal sexual assault in the first degree and one count of rape in the third degree.       

As per various reports, he will reportedly face 5 to 29 years in prison.  

Several women from the film industry reported similar cases and experiences with Weinstein; as a result, he was fired from his production company.

Weinstein coming out of court after his trailImage Source: CNN
Weinstein coming out of court after his trial

Image Source: CNN

He was also suspended from the British Academy of Film and Television Arts and got expelled from the Academy of Motion Picture Arts and Sciences. 

Following the accusations, the Los Angeles Police Department opened a criminal investigation for alleged rape, and New York and London police began investigating the allegations.  

When Did The Charges & Trial Begin? Who Are The Key Witnesses And Their Testimony?

On 25th May 2018, New York police charged him with rape criminal sex act, sex abuse, and sexual misconduct for incidents involving women named Jessica Mann, Miriam Haley, Annabella Sciorra, Dawn Dunning, Tarale Wulff, and Lauren Young.

One of the key witnesses, Annabella Sciorra, vividly described how Harvey raped her in her New York apartment sometime in the winter of 1993 – 1994. She recalled Weinstein at a private party in Los Angeles. After a dinner with Harvey and other actors including Uma Thurman, Annabella accepted a ride from him. 

Six women including Jessica and Miriam testified for rape chargesImage Source: CNN
Six women including Jessica and Miriam testified for rape charges

Image Source: CNN

After reaching her apartment, she got ready for bed, putting on a nightgown. Suddenly, there was a knock at the door. When she opened it, it was Harvey who pushed the door open.

As per Sciorra’s testimony, Harvey grabbed her by her hand and took her to the bedroom and shoved her on to the bed. She added,

“I was punching, I was kicking him, I was trying to take him away from me. He took my hands and put my hands over my head. He raped me. I was trying to fight but I couldn’t because he had my hands locked.”

Her friend, actor Rosie Perez testified that Annabella had called her and told her she was raped around the time it took place.

Another witness, Dawn Dunning, said she agreed to meet Harvey in 2004 at a hotel in Manhattan for a business meeting. When she reached the hotel door, Weinstein appeared at the door of his hotel room dressed in a white robe.

He then said, “Here are contracts for my next three films. I’ll sign them today if you have a threesome with me and my assistant,” 

Dunning told the jury that she laughed thinking it was a joke and turned to leave and Harvey told her, “You’ll never be a part of this business. This is how the business works. This is how the actress got where they are.”

The third witness, Lauren Young, said that Weinstein groped her in a Los Angeles hotel bathroom in 2013 when she went in a hope of showing him a script she was writing based on her life.

Another main witness of the case, Miriam Haley testified that Harvey forcibly performed o**l s*x on her at his apartment in 2006.

Harvey Weinstein said "I'm innocent" before being taken to the prisonImage Source: The Sun
Harvey Weinstein said "I'm innocent" before being taken to the prison

Image Source: The Sun

Besides them, actresses like Melissa Sagemiller, Uma Thurman, Jennifer Aniston, Angelina Jolie, and several others said they had been sexually harassed or assaulted by Harvey Weinstein, one or the other way.    

Did You Know? After the #MeToo movement shook the whole nation-the government passes Weinstein Tax. As per the rule, now a person with sexual allegation has to pay around 40 % of the tax to their lawyers on the net charges.