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Stephen Paddock

Stephen Paddock lost 'a significant amount of wealth' before the Las Vegas shooting

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The man behind a recent mass shooting in Las Vegas lost a “significant” amount of money in the two years before the attack, according to Clark County Sheriff Joe Lombardo.

“He became a prolific gambler,” he told KLAS-TV late Wednesday while discussing Stephen Paddock.

“And then over time, he’s gone up and down in his wealth associated with gambling and real estate and everything else that he’s chose to do,” Lombardo continued.

“But you know, since 2015, September 2015, he’s lost a significant amount of wealth. And I think that might have been a determining factor on what he determined to do.”

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Lombardo later added that Paddock was concerned with his standing in casinos and with his friends and family.

“This individual was status-driven based on how he liked to be recognized in the casino environment and how he liked to be recognized by his friends and family,” he said.

“Obviously, that was starting to decline in a short period of time and that may have a determining effect on why he decided to do what he did,” Lombardo added.

“If you look at the numbers that he did gamble, he was pretty prolific, but he was going in the wrong direction, so I don’t know if that had any effect on what he decided to do.”

Lombardo cautioned, however, that investigators have not been capable of determining a clear motive for Paddock’s rampage.

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Paddock opened fire on an outdoor concert on Oct. 1 from his 32nd floor hotel room at the nearby Mandalay Bay Resort and Casino.

Responding police found Paddock dead inside his room after committing the worst mass shooting in modern U.S. history.

The massacre killed at least 58 people and wounded at least 546 more, reigniting national debate over gun control.

Investigators have since struggled to explain why Paddock, 64, would commit such an act before apparently killing himself.

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