Former Celtics star Antoine Walker is broke and in debt
In 12 years, Antoine Walker(notes) made more than $110 million playing professional basketball moderately well. Take away taxes, throw in some adidas endorsement money and a "NBA Live 99" cover, and he's left with, what, $60-to-65 million?
Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.
That's right, during the last several months, the once multi-millionaire athlete has been pursued by multiple financial institutions for unpaid debts.
In fact, according to The Boston Globe, "Employee No. 8" owes more than $4 million to his creditors and is facing felony check fraud charges in Las Vegas. All of this at the age of 33. Wild.
Now I know what you're thinking: How in the world does somebody — not named Montgomery Brewster — even begin to blow through that amount of money?
The answer: fairly easily.
"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]
Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers."
Condos, luxury cars, watches ... I guess that'll eventually force you into bankruptcy. Especially when you're not investing any money or collecting $200 with every fifth or sixth roll of the die.
But Walker's lavish lifestyle wasn't all "me-me-me." He was also a generous friend and teammate who had custom suits made for coaches, routinely picked up giant team dinner tabs and, when there were funds to spare, gave to underprivileged youngsters. He was basically spending money like it was going out of style.
And it did.
I guess Biggie was right after all: mo' money, mo' problems.
Tags: and, antoine, broke, celtics, debt, former, in, is, star, walker
Replies to This Discussion
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Permalink Reply by Creoles Online on -
Misye t'ap woule wo! Wow!!!!
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Permalink Reply by Preziden O'BABY on -
yes CO,
that just to prove you although money is essential in our economy whether you have a lot a little to almost none, managing your money/ assets is even more essential than having the dough. This isn't the first time it happened it wont be the last either guys like Mc Hammer, Wesley Snipes and so many other that I can't think of the top of my head has suffer such misfortune.
then we reflect on ourselves, who's most likely might not have a chance for these enormous sum to pass thru our wallets/ bank accounts who's living from pay check to pay check yet we've managed our income in away to sustain our expenses and debts.
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Permalink Reply by Chaz on -
...but the question still remains on how can anyone burn that much money? Of course their lifestyle is extremely different than mine, but {grate tete}...how in the world? The interest on that money alone is huge. Don't these guys have a financial advisor, etc? Wow!
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Permalink Reply by Simply_me on -
Don't these guys have a financial advisor, etc? Chaz
As I was reading this, I was asking the same question. What are these people thinking? M fek grate tet mwen tou wi...
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Permalink Reply by Simply_me on
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Mhmm...I guess he is about to find out about the 70 friends he was supporting.
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Permalink Reply by Lulu Autumn on -
Ok, I always thought a celebrity's version of being broke is different from MY version. Is this guy in debt and just decide not to pay his debtors until things get better for him or really broke from living a lavish lifestyle and from being generous to 70 people? I understand living large for the first 2 years but 12 years spending money like that. Those 70 people, including his mother and his financial advisor (if there was one), ought to be sued. I mean as a family member or friend, someone didn't bother to ask how's the savings account going?
I think that's just publicity to keep his creditors off his back.
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