Biography & Early Wealth Journey

(Patrick Smith/Getty Images)

In addition, the school revealed they spent at least $4.9 million last year in costs related to Sandusky and internal investigations. When paired with last year's payments, the school's total Sandusky-related costs exceed a quarter-billion dollars.

The report also revealed that the school settled with former assistant coach Mike McQueary, who was terminated shortly following the scandal's outset in 2011. McQueary had previously won a $12.3 million whistleblower and defamation lawsuit last year, in addition to $1.7 million or legal fees. The report stated that the amount the two parties agreed to in the settlement was "for a lesser amount" than the jury awarded, but the amount remained confidential.

Primary Income Streams & Multi-Million Contracts

Sandusky is currently serving a 30- to 60-year sentence for sexual abuse.