It is fairly common for professional athletes and entertainers to go bankrupt when their careers are finished.
Most do not have an education on money management and are often cheated by their friends, family, or paid advisers.
When a young person suddenly becomes wealthy they do not understand or appreciate the value of money. They become addicted to spending it like there is no tomorrow, and when the source dries up, they spend themselves into the poor house.
That does not mean Mayweather will do this, but it certainly happens a lot.
No he has a lot going on outside of his fights. Mayweather is not only a boxer but a business man, he's not the highest paid athlete just from him his fights
Definitely. Mayweather does nothing outside of boxing that can help him maintain. No business or some sort of income. It's fight, spend, fight, spend. To make it worse, he likes betting. You don't always win bets so yeah...
The good news is that I hear that Mayweather has worked corners for his fighters. Assuming this info. is true(It's a rumor I heard, Mayweather should have no problem then. Other than that, Mayweather has a huge problem. He has the money for 5 generations easily but he loves spending it...
if he keeps spending like that then yeah he will but i dont think so i think his smart enough earning 85 million man that could sort his whole life out.
it's his money, what's the problem?
I mean when he retires will he go broke like mike Tyson did if he keeps spending money like that
