To What Extent Has George Floyd’S Family Amassed Wealth?

Minneapolis has agreed to pay $27 million ($34 million) to settle a civil lawsuit from George Floyd’s family over his death in police custody on May 25, 2020. The city council approved the settlement deal with 13-0 votes, and two of George Floyd’s siblings have posted GoFundMe fundraisers asking for help to pay for the family’s travel and legal expenses and to support Floyd’s children following his death. The family of George Floyd announced on Tuesday that it is offering $500, 000 from the $27 million settlement with the city of Minneapolis to create the George Floyd family.

The city will pay $27 million to the family of Floyd, who died under the knee of former Minneapolis police officer Derek Chauvin in May 2020. $500, 000 of that will go to the community around the city. The family of George Floyd will be awarded $27 million after the settlement of a civil suit brought against the city of Minneapolis and the four police officers present at the time. The city is settling a federal lawsuit with George Floyd’s family for $27 million, which the family’s attorney says is the largest pretrial civil rights settlement ever.

In March 2021, about a year after a police officer killed Floyd by kneeling on his neck for almost nine minutes, his family reached a $27 million settlement from the city of Minneapolis. The settlement attracted national attention when it was announced due to its societal significance. The city of Minneapolis is settling a federal lawsuit with George Floyd’s family for $27 million, in what the family’s attorney says is the largest pretrial civil rights settlement ever.