Not surprisingly, Word of Faith prosperity teacher Jan Crouch, who started Trinity Broadcasting Network with husband Paul, had amassed a fortune. News reports reveal that Mrs. Crouch was worth $50 million at the time of her death in May. Now her Newport Beach house is on the market for $4.6 million. “Dubbed ‘Villa Cielo,’ the four-bedroom house sits on an ocean-view hilltop in guard-gated Harbor Ridge, and boasts Calacatta marble, two kitchens and a ‘secret room.'”
According to Orlando Sentinel, the Crouch’s theme park, Holy Land Experience, is “struggling with a sea of red ink in recent financial reports.” As a result, “hundreds of ornate couches, thrones, nativity statues, costumes — and even a Harley-Davidson motorcycle,” are up for sale. Moreover, the Crouch family are also in the process of closing gift stores in Tennessee and California.
An attorney for the network, John Casoria, said in an email that the not-for-profit companies have experienced a drop in revenue as TBN voluntarily ended the practice of live telethons to raise money in 2012.
“We have had to do some belt-tightening as well, which gives rise to the auctions and the closing of unprofitable gift stores,” Casoria wrote.