Senator's Financial Troubles Highlight West Virginia's Ongoing Economic Challenges
Senator Jim Justice, who has served two terms as West Virginia’s Republican governor and is now a U.S. senator, is under increasing financial pressure as tax liens, unpaid bills, and lawsuits put his vast business holdings at risk. Once considered a billionaire, Justice’s reported net worth has dropped below zero, and since taking office in the Senate earlier this year, his financial troubles have escalated, with creditors and state authorities stepping up their efforts to recover millions owed, according to a
The Internal Revenue Service (IRS) placed tax liens exceeding $8 million against Justice and his wife, Cathy, on October 2, citing unpaid personal taxes dating back to 2009. Politico first revealed these liens, which include interest and penalties, though the specific causes for the overdue taxes were not disclosed. This is not the first time the IRS has targeted Justice’s businesses; in 2021, the agency filed a $1.1 million lien against The Greenbrier Hotel for unpaid taxes, which was later resolved, as reported by
Justice’s money problems go beyond federal tax issues. State officials have recently filed $1.4 million in liens against The Greenbrier and its related sporting club for unpaid sales taxes. A scheduled foreclosure auction for hundreds of Justice’s properties in Beckley was put on hold due to disagreements over unpaid fees, with the West Virginia Supreme Court now set to consider the matter, as outlined in the Fortune report. Meanwhile, the state’s Democratic Party has accused Justice of “financial mismanagement,” referencing previous lapses in employee health insurance payments and environmental penalties linked to his coal businesses, also mentioned in the Fortune report.
Court decisions could further complicate efforts to collect from Justice. In a separate matter, the 8th U.S. Circuit Court of Appeals recently decided that the IRS cannot tax a parent company on royalties that a foreign subsidiary is legally unable to pay, highlighting limits on the agency’s power to reassign income, according to an
The economic difficulties facing West Virginia echo Justice’s own financial struggles. The state, which has one of the highest poverty rates in the country and has experienced a shrinking population for over a decade, has lost congressional seats. Justice, who purchased The Greenbrier resort for $20.1 million in 2009, has been criticized for putting his business interests ahead of his public duties, with his time as governor marked by frequent legal battles and few legislative successes, according to an
As courts and creditors work through the complex network of Justice’s debts, it remains unclear whether the senator can overcome these challenges. With several lawsuits, liens, and a public campaign highlighting his children’s management abilities, Justice’s situation illustrates the complicated relationship between personal finances, political influence, and legal maneuvering in a state still facing significant economic hardship.
