The figure I heard was $1.6 billion from John Redwood in a podcast. He also said this was a net figure and includes the value of property including Kingdom Halls.
There are 13,500 congregations in the United States. If on average each KH is used by two congregations or slightly more that indicates around 6000 KHs in the United States. How much would each KH be worth? If each KH was worth $266,000 on average then that would account for the whole figure of $1.6 billion with no cash left over.
This doesn’t even take into account the value of Warwick, Patterson, Wallkill, Assembly Halls, and whatever other property they own.
Surely their property holdings alone are worth far more than $1.6 billion? So the figure raises more questions than it answers. For one: what other corporations are associated with JWs and what is their net value? Does the Pennsylvania corporation have many assets? It seems like this would be a reasonable question to ask in court if the purpose of the exercise is to ascertain the ability of JWs to pay compensation.
How much money does Watchtower actually have in the bank? Very little, could be the answer. Unless conspiracy theories about them holding lots of money in other corporations is true.
But at the end of the day their money comes from donations from JWs. And JWs are not wealthy, or generous with donations. So the idea that Watchtower has a huge secret reserve somewhere does not seem very credible. Where would it have come from?
If Watchtower does end up paying $35 million for this latest case, that’s equivalent to JWs in the United States putting their hand in their pocket and paying $30 each, for this one case alone.
And some people still argue they are not in financial difficulty?