Russell Armstrong Net Worth

December 23, 2023
1 min read

Russell Armstrong was an American businessman, investment banker and venture capitalist who, however, is probably best remembered for hanging himself on the 15th August 2011. His exact birth date and birthplace remain unknown to the media, although it is known that he was an American, and was said to be 47 years old at the time of his death.

Have you ever wondered how rich Russell Armstrong was, at the time of his death? According to authoritative sources, it has been estimated that Armstrong’s net worth was (minus) $-1 million, due to some of his bad business endeavors.


Russell Armstrong Net Worth $-1 Million


There is no public information about Russell’s early life and education.

He came to prominence as the founder and the managing director of the Crescent Financial Partners, through which he invested in more than 200 companies in various areas of business. However, his business ventures weren’t quite as successful as he would have hoped for, which led to his bankruptcy in 2005, when he was unable to pay a credit bill of almost $50,000. However, he had first been charged with tax evasion in the mid-1990s, and was then involved in several cases of abuse, physical and mental, against his wives and girlfriends over the ensuing years. Then in 2011, he was charged with alleged misappropriation of funds, the details of which are somewhat vague, but certainly didn’t help him.

For a brief time, he managed to recover and start again, but his troubles deepened, and apparently as a result he hanged himself in his home on the 15th August 2011.

Regarding his less-than-private personal life, at the time of his death he was in the process of divorcing his second wife Taylor, with whom he had a daughter. Previously, he was married to Barbara Ann Arnstrong, with whom he had a son Aiden, and had also been engaged to Milette Fields, with whom he also had a son.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

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