Joe Exotic may have been a flamboyant character, but his financial situation was far from stable. Despite claiming to be a millionaire, his zoo was not as profitable as he claimed, he filed for bankruptcy, and was heavily in debt. The transfer of his zoo to his mother raised suspicion of asset and income concealment. His legal troubles, including his imprisonment and numerous lawsuits, only added to his already precarious financial situation. The financial secrets of Joe Exotic may have been masked by his larger-than-life personality, but they reveal a less glamorous reality.