Apollo Nida Net Worth
Apollo Nida net worth: Apollo Nida is an American businessman and reality television star who has a net worth is $400 thousand dollars. Apollo Nida is the husband of The Real Housewives of Atlanta cast member, Phaedra Parks. An asset recovery specialist, he is also a convicted felon, who served five years in jail for receiving stolen goods. Apollo and Phaedra have two young sons, Ayden Adonis Nida, who was born in May of 2010 and Dylan Nida who was born in August of 2013. His wife, Phaedra is a successful entertainment lawyer, and a recent graduate of mortuary school; she intends to open up her own mortuary services business in the near future. She has been with The Real Housewives of Atlanta for several seasons, and is heavily involved with civic affairs in Atlanta, as well as the surrounding region. In January 2014, federal investigators accused Apollo Nida of using fake companies and bank accounts to illegally obtain credit reports about individuals. An alleged co-conspirator then used the credit reports to obtain fraudulent loans. He allegedly assumed the identities of 10 women this way to obtain mainly false auto loans. Nida has also been accused of paying a US Postal worker to steal retirement checks sent to Delta Employees from the mail and checks that were issued to people who were owed money from various state and government agencies. In total, Apollo Nida is accused of fraudulently obtaining $3 million worth of false loans and stolen checks. For this crime, he could have faced a 30-year sentence, but recent reports indicate that he was sentenced to eight years in prison for identity theft, conspiracy and fraud on July 8, 2014. The reason his prison term was so much shorter than the maximum is because he cooperated with the Federal Government regarding the fraud. Phaedra adamantly denies having any knowledge of this illegal activity and although rumors have surfaced that she has filed for divorce, Phaedra says the rumors are untrue. The couple's relationship had been struggling in the most recent season of The Real Housewives of Atlanta, because of Phaedra's long hours with the funeral business and questionable communication between Apollo and fellow housewife, Kenya Moore. During the sentencing, Apollo's mother was present, but reportedly, Phaedra was not.
|Net Worth:||$400 Thousand|