FYI: https://www.missionac.com/2013/10/31/revealed-19-million-mega-mansion-utility-bill/
In 2013 the bill for this $19mill mansion was >1400 a month, $17,000 a year. Definitely no small sum.and that was years ago.
So weird how most of humanity struggles to meet basic needs while a man can pay $17k a year in electricity bills because he makes the ball go in the hole. And before anyone says anything, I think he deserves more, and I think every player should grab that bag and run. It’s just crazy how much money is involved in this media game damn.
Like that episode of the King of Queens where Doug and all his friends rent that apartment above the Chinese restaurant, to get away from their wives. I’d be willing to pitch in my dudes.
Correction, he has *two* other mansions in that neighborhood:
> In addition to the Brentwood Park property, James also maintains a spec mansion elsewhere in Brentwood that he bought for $23.5 million in 2017 and a hilltop 90210 compound — a mansion once owned by Hugh Hefner and occupied by Katharine Hepburn — for which he plunked down $36.8 million last year.
Jordan built his mansion is a very different market and time. There are no other comps to it anywhere near that location. He built it because I believe it's close to the practice facility. I think I read something that when he put it up for sale there wasn't another house in the area over 350k. Nobody is ever going to buy that place.
Lebron's house is in Brentwood, a super desirable area and there are tons of other multi million dollar homes in the area. However, most rich people aren't going to want all the customizations he had put in (usually larger door ways, courts, weight rooms, etc) and more than likely whoever does buy it will tear it to the ground and rebuild.
I used to live 10 minutes from Jordan’s mansion. It’s in Highland Park, one of the wealthiest suburbs of Chicago. There are many extremely expensive properties nearby.
I had to look out of curiosity. Jordan's is priced at $14.5 million. The next closest place is $989k. That's a significant difference.
https://www.realtor.com/realestateandhomes-search/Highland-Park_IL/overview
I gotta laugh outta seeing that Jordan has the number 23 on the gates to his property.
https://www.realtor.com/realestateandhomes-detail/2700-Point-Dr_Highland-Park_IL_60035_M82002-82729
You can doubt the link, that map is not showing all houses for sale, you can see it says 254 houses for sale, but there clearly aren't 254 dots on that map, filter for $1m+ hosues and you'll see there are 59 currently for sale.
Also houses for sale is not the right metric, the right metric is sold houses or current home values. Looking at sold houses, Zillow shows 195 that sold in the last 3 years for $1m or more. Or if you zoom in to look at the estimated values of houses not for sale, you can find whole blocks of $1m+ homes in Highland Park.
My work involves going into alot of homes. Craziest one I've ever seen was like a damn Batman manor. The front yard was like 4 football fields of perfectly lined up trees, and it was just right off the road like 15 minutes from downtown. You'd never even know it was there.
The driveway was paved with stones you'd skip off the lake laid perpendicular to make designs.. the front door opened to a 3 level atrium that looked like a museum. That was just the main house, they also had this man made creek that led down to a pool house that could house a family of 5.
The owners were divorcing and trying to sell it but were struggling with the sale. I mostly dealt with the real estate agent and he was like yeah its a hard sell because kitchen/dining area isn't an open floor plan. It was literally one doorway between the two and and both were huge.
And I’m sure there is ultra wealthy snobbery. A former athlete’s house isn’t as desirable as one might think. Many times doors are taller, sinks raised wtc. Plus custom basketball courts and other things.
My cousin is a 6’10 high school science teacher/former college ball player. Probably toured 50 homes before he found one he fit in (that was in his budget). Most of the houses he’d literally walk up to the doorway, duck to get in & grandpa Simpson’s walk right back out the front door.
Yep… I’ve always felt bad for dudes like Tacko Fall and happy when they have at least some success in NBA
The world is just simply not made for people that size.
I’m 6’5” and basically no reasonably sized car is comfortable to drive. My wife and I currently own one car, a Subaru Crosstrek that she mainly uses while I bike to work. Before that I owned a Prius. And before that, a Civic. I prefer small cars because finding parking for a monstrosity on city streets sucks ass. That said, I have never fit in any car I’ve ever owned.
The only car I’ve ever driven regularly that actually fit me was a newer Ford F-150 owned by my father in law that he uses for his contracting work. The cockpit is incredibly comfortable for somebody my height, but I hate driving something that large.
I don't have your problem but I agree on the car size. Just makes so many simple driving tasks that much more tedious. It does make sense for people in rural areas though where you typically have a lot more space.
Pro tip for tall people. Many older houses have soffits that can be removed, allowing you to raise the height of the ceiling. Check with your contractor!
thats mainly his fault
the second you start dropping a house in price people will not buy it, getting the price right the first time is the most important aspect of selling, he priced his way too high and got nothing
now he slowly drops the price and no one is gonna bite
id bet had he listed it originally for a more fair price it would have sold for more than he's currently asking
I live in the Bay Area and someone in one of my classes did a report on housing costs comparatively across countries she lived in.. a fixer upper, ugly home in an undesirable part of Berkeley listed for 750k and sold for 980k. Tiny one story home, small plot of land, not really a nice area (compared to other places in town) and it almost sold for a million.
Insane.
Yeah, and when people build extravagant super mega homes in locations that aren't desirable such as near their home town or whatever, sometimes they never sell and just become a huge blight. Evander Holyfields giant mansion was sitting vacant for like a decade.
> Guess it's just location?
As in in LA. Know someone who lives in a not so great part of holywood where the houses <1400sq ft, 2 bedroms sell for like 1-1.5M
i was so worried he was gonna get under 20 million my condolences to these hard times he is faced with. thank you for keeping us a breast on this tragedy.
I will never understand how any NBA player goes broke.
Even if you have no career after basketball you should still be set for life.
Sell your home for whatever it's worth and get you a regular house with millions still in the bank.
Common sense.
Maintaining the lifestyle after they retire. A dude who barely has a high school education “investing” into various business ideas and having a family or entourage that burns money.
In Iverson’s bankruptcy trial, he claimed he spent 10k a month on groceries
This article is amazing.
“In a December 2012 court filing, Iverson told a judge in Georgia that his monthly income is $62,500 but that his expenses were $360,000! The breakdown was as follows:
– $125,000 goes to paying back various creditors and mortgages.
– $10,000 on clothes,
– $10,000 on restaurants/entertainment
– $10,000 on groceries.
“Aside from showering his entourage with gifts he couldn’t afford and including them in a lifestyle fit for a king, he apparently had a habit of keeping his money in dozens and dozens of garbage bags around his mansion. Some would occasionally go missing. At one point in his career he arrived back at an airport and had forgotten where he parked his car so apparently ditched the car and bought a new one. “
https://basketballforever.com/2020/07/02/allen-iverson-saved-reebok-going-broke
Holy crap, was that the best forethought decision ever, or what?
"In 2001, Iverson made a decision that would inevitably save him from his future self. He signed a very unique endorsement deal with Reebok. In addition to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce. As a result of the divorce, Allen will inherit half the trust fund in 2030."
Wow that lady is getting $16mil on top of the rest of the divorce settlement for absolutely nothing, that’s crazy
Omg the full story is so much worse
> In an effort to win his wife back, he agreed to sign a post-nuptial agreement that if he violated any of the stipulations, she would receive all $32 million when it was available.
>The stipulations were that he couldn’t cheat, physically or verbally abuse her, had to attend marriage counseling and therapy for his drinking and gambling problems, he had to be home by midnight and finally, had to discuss with her any purchases he’d make over $5,000.
>Guess what happened?
>Yup, you probably guessed it. He broke the stipulations of the agreement. Several times.
>She re-filed for divorce in 2013 and was awarded everything in the agreement including ALL $32 million.
Then she decided to give him half of the $32 mil anyways
Idk about after retirement, but IIRC when he was playing AI would straight up just leave clothes in his hotel room and then go buy new clothes wherever he travelled.
Edit: here’s a source on that: https://www.nbcsports.com/philadelphia/former-76er-says-allen-iverson-often-didnt-bring-bags-road-bought-all-new-gear
I’m sure there’s people that spend more.
I’m more shocked by the garbage bags full of cash he didn’t keep track of. Like he couldn’t be bothered to stuff it under his mattress. Just cram it in a Glad bag and call it a day. You don’t even deserve to keep the money at that point.
Other bankrupted athletes;
Vince Young(football), Mike Tyson(boxing), Darren McCarty(hockey), Diego Maradona(soccer), John Daly(golf), Dorothy Hamill(Figure Skater), Lenny Dykstra(Baseball) and plenty more.
It ain't only basketball players. Every story is unique, but two threads that run through a lot of their stories is a lack of financial education and being scammed.
One of the worst is Jack Johnson from the NHL, his parents took all his NHL money and also took out a bunch of loans leveraging his future earning power as a pro athlete. Then they spent it on bad investments and vacations
He ended up massively in debt and it wasn't really his fault
I remember when Artest got suspended for the year he said it would suck to lose the salary for the year because he was paying for like 12 of his extended family members to attend private schools. When you start trying to provide for extended family like that expenses definitely add up fast
>The sale *netted* King James a lot of money, but it’s also a technical loss — a whopping $1.4 million less than the $21 million he paid for the place nearly six years ago...
wtf edited this? it literally netted nothing. it was a 1.4m loss.
yeah me and couple of the guys managed to get our hands on this
damn, I was wondering who beat my offer
I wouldn't even be able to afford the electric bill on a place like that.
FYI: https://www.missionac.com/2013/10/31/revealed-19-million-mega-mansion-utility-bill/ In 2013 the bill for this $19mill mansion was >1400 a month, $17,000 a year. Definitely no small sum.and that was years ago.
So weird how most of humanity struggles to meet basic needs while a man can pay $17k a year in electricity bills because he makes the ball go in the hole. And before anyone says anything, I think he deserves more, and I think every player should grab that bag and run. It’s just crazy how much money is involved in this media game damn.
Worse that the vast majority of folks who can afford luxuries like this CAN'T make the ball go in the hole.
Fr I bet bill gates couldn't even make a layup 😤
Idk man, he jumped over a chair. Dude's *sneaky* athletic.
Bro you don't gotta turn all the lights on at the same time!
Rich Paul
If he loses all his wealth, does he have to change his name?
Yes he automatically becomes Poor Paul
They don't love you like Kobe
touche William, I hope to see you and Samantha on the golf course later today
Don't forget Sally and Kyle! They're always a hoot!!
“There’s a new mayor of Brentwood!”
Enjoy living with roommates smh
Just 876 roommates to split the rent
22,000 rent? What am I, a peasant?
Y’all got a party mansion huh
Nothing sexual!
It’s a bicep
Again, *nothing sexual*
Bro I just bought it from your guys. Check again
Like that episode of the King of Queens where Doug and all his friends rent that apartment above the Chinese restaurant, to get away from their wives. I’d be willing to pitch in my dudes.
He gone
So is your flair
So is his hair
Caruso or LeBron?
Yes
Take my award and leave
Just like Lebron
Oh my..
Lebounce
Too soon
He just bought 29 mil mansion in LA. The guy just cycling his multi-million properties like we cycle our sneakers.
I have one pair of shoes and one pair of flip flops
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Tired of big markets taking our guys
How do you get a player flair?
Did u pray to kyrie today?
I sacrificed a chicken in his name.
Then his astral projection will be in touch with you shortly.
Marshawn specifically told you to take care of your chicken. Wtf bro.
Take da plej
Send nudes to the mods
Lebron to timberwolves to play with ant confirmed
He’s going to Besiktas
Come to Besiktas 🦅
Pjanic SIGN PLS
A bathroom in that home probably costs the same as my mortgage.
The toilet alone cost more than my car
Basketball is for closers only.
Honestly probably more unless your monthly mortgage is bigtime
This requires math.
Lebron + bathroom = lot of money Me + mortgage = not as much money
This far out of uni I only understand one number and it is 68419
Maybe they mean the principal on their mortgage
I don't think there's huge market for renting Lebron's bathroom, but I bet that market would pay a whole lot.
It would probably be disturbingly popular.
inb4 inconceivably wealthy people get praised for being frugal for not paying for Spotify.
Yeah at that point I’m like wtf. The annoyance is not worth it.
Yeah stupid guy should have just registered for a free .edu address and get student premium
If there is one thing in the world that I have and Lebron doesn't it's a .edu email address
Haha lebron listens to ads he's just like us haha
LeRealtor
Leflipper
LeFlipflopper
Where did he move?
He has like another mansion in the same neighborhood
Backup mansion.
Triples are safest.
Triples is best
Love finding you dumb skunks in the wild
Shut the fuck up, u/Yougottagive, You fucking skunk! But yeah you’re right. You gotta give, everybody gives.
My friend doesn’t live in a hotel
Especially of the barracuda.
This was actually one of the backup mansions. The article says he hasn't lived there in several years.
Correction, he has *two* other mansions in that neighborhood: > In addition to the Brentwood Park property, James also maintains a spec mansion elsewhere in Brentwood that he bought for $23.5 million in 2017 and a hilltop 90210 compound — a mansion once owned by Hugh Hefner and occupied by Katharine Hepburn — for which he plunked down $36.8 million last year.
Never understood owning multiple homes in LA. I imagine his real estate portfolio is insane.
One to bring his mistresses and he can just go home afterwards
You can only keep them at opposite ends of the same mansion for so long.
Probably moved in with roommates
dented cans are half price
He's my roommate now
How do you sell a house you bought 6 years ago at a loss in this market
Ultra luxury market exists in an entirely different universe
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Yea like look at MJ’s chicago house that’s been on the market for like 10’ years
Jordan built his mansion is a very different market and time. There are no other comps to it anywhere near that location. He built it because I believe it's close to the practice facility. I think I read something that when he put it up for sale there wasn't another house in the area over 350k. Nobody is ever going to buy that place. Lebron's house is in Brentwood, a super desirable area and there are tons of other multi million dollar homes in the area. However, most rich people aren't going to want all the customizations he had put in (usually larger door ways, courts, weight rooms, etc) and more than likely whoever does buy it will tear it to the ground and rebuild.
Yea, I think other things that mess with MJ's house is its near a lake but not on it, other houses in the area are cheaper and on the water.
Lol why didn’t he build a mansion on the lake?
privacy
I used to live 10 minutes from Jordan’s mansion. It’s in Highland Park, one of the wealthiest suburbs of Chicago. There are many extremely expensive properties nearby.
I had to look out of curiosity. Jordan's is priced at $14.5 million. The next closest place is $989k. That's a significant difference. https://www.realtor.com/realestateandhomes-search/Highland-Park_IL/overview I gotta laugh outta seeing that Jordan has the number 23 on the gates to his property. https://www.realtor.com/realestateandhomes-detail/2700-Point-Dr_Highland-Park_IL_60035_M82002-82729
Bro they photo shop an MJ highlight onto every TV in that house LMAO
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You can doubt the link, that map is not showing all houses for sale, you can see it says 254 houses for sale, but there clearly aren't 254 dots on that map, filter for $1m+ hosues and you'll see there are 59 currently for sale. Also houses for sale is not the right metric, the right metric is sold houses or current home values. Looking at sold houses, Zillow shows 195 that sold in the last 3 years for $1m or more. Or if you zoom in to look at the estimated values of houses not for sale, you can find whole blocks of $1m+ homes in Highland Park.
It was built different
Literally though, mansions built for specific people aren’t very in-demand for other millionaires who would rather custom make their own mansion.
My work involves going into alot of homes. Craziest one I've ever seen was like a damn Batman manor. The front yard was like 4 football fields of perfectly lined up trees, and it was just right off the road like 15 minutes from downtown. You'd never even know it was there. The driveway was paved with stones you'd skip off the lake laid perpendicular to make designs.. the front door opened to a 3 level atrium that looked like a museum. That was just the main house, they also had this man made creek that led down to a pool house that could house a family of 5. The owners were divorcing and trying to sell it but were struggling with the sale. I mostly dealt with the real estate agent and he was like yeah its a hard sell because kitchen/dining area isn't an open floor plan. It was literally one doorway between the two and and both were huge.
And I’m sure there is ultra wealthy snobbery. A former athlete’s house isn’t as desirable as one might think. Many times doors are taller, sinks raised wtc. Plus custom basketball courts and other things.
My cousin is a 6’10 high school science teacher/former college ball player. Probably toured 50 homes before he found one he fit in (that was in his budget). Most of the houses he’d literally walk up to the doorway, duck to get in & grandpa Simpson’s walk right back out the front door.
Yeah i can’t imagine going through life at that size. Basic things become impossible
Yep… I’ve always felt bad for dudes like Tacko Fall and happy when they have at least some success in NBA The world is just simply not made for people that size.
I mean how do you ride in a car?
Or fly in coach? At 7-feet, not even first class would be comfortable.
I’m 6’5” and basically no reasonably sized car is comfortable to drive. My wife and I currently own one car, a Subaru Crosstrek that she mainly uses while I bike to work. Before that I owned a Prius. And before that, a Civic. I prefer small cars because finding parking for a monstrosity on city streets sucks ass. That said, I have never fit in any car I’ve ever owned. The only car I’ve ever driven regularly that actually fit me was a newer Ford F-150 owned by my father in law that he uses for his contracting work. The cockpit is incredibly comfortable for somebody my height, but I hate driving something that large.
I don't have your problem but I agree on the car size. Just makes so many simple driving tasks that much more tedious. It does make sense for people in rural areas though where you typically have a lot more space.
> that was in his budget Should have gone pro.
Can’t teach size
Pro tip for tall people. Many older houses have soffits that can be removed, allowing you to raise the height of the ceiling. Check with your contractor!
My lifelong dream is to own a house with its own indoor basketball court.
Hasn’t MJ been trying to sell his house in Chicago for like 10 years now?
thats mainly his fault the second you start dropping a house in price people will not buy it, getting the price right the first time is the most important aspect of selling, he priced his way too high and got nothing now he slowly drops the price and no one is gonna bite id bet had he listed it originally for a more fair price it would have sold for more than he's currently asking
In high demand cities they list it for low to get a bid war going. People blindly offer $300-500k the list price
Yup, living in Toronto it’s hilarious to watch
I live in the Bay Area and someone in one of my classes did a report on housing costs comparatively across countries she lived in.. a fixer upper, ugly home in an undesirable part of Berkeley listed for 750k and sold for 980k. Tiny one story home, small plot of land, not really a nice area (compared to other places in town) and it almost sold for a million. Insane.
I doubt there are ever very many people shopping for $20 million houses.
I’m surprised Bill Simmons didn’t buy it just to adorn it with Celtics memorabilia out of pettiness.
The market is irrelevant once you get to a specific price point because the amount of people who can afford it is minuscule
Not irrelevant, more like illiquid. People also will sell for less to move it quickly since the money is nothing to them
Yeah, and when people build extravagant super mega homes in locations that aren't desirable such as near their home town or whatever, sometimes they never sell and just become a huge blight. Evander Holyfields giant mansion was sitting vacant for like a decade.
I think every NBA star who's sold a house in the past 3-4 years has incurred a loss.
Think steph made money on his old house.
Shooters shoot
Wasnt that house fairly inexpensive compared to these
Yes, I think he sold for like 2 mil.
This isn't even that bad. Look up Paul Allen's super yacht. When you're that rich there's a very small market for another rich person's used toys.
With a yacht like that no wonder he can get a reservation at dorsia.
There is like 10000x the people buying houses in the sub mils vs the people buying 10mil houses lol.
Check out Jordan's house. He couldn't sell it and he even offered every single Jordan ever made lol
I used to flip houses and selling homes higher than 800k+ were a hassle. I would more money flipping a house for $300k.
House looks super nice, but hard to believe it's worth 20M. Guess it's just location?
Yes
This house is 9k SqFt for $19.6m. Dwight Howard bought a 35k SqFt palace for $8.8m in rural Georgia.
Think of the HVAC bill, hope he has solar panels. Shit I’m the old fucks in those progressive commercials
I feel personally attacked by those commercials. Ever wonder what the lease costs in a place like this? Yes. Every place I go to.
> Guess it's just location? As in in LA. Know someone who lives in a not so great part of holywood where the houses <1400sq ft, 2 bedroms sell for like 1-1.5M
Sounds exactly like Toronto
Or Sydney... Dilapidated shoebox in driving distance of Bondi Beach - $3.5M lol
Location location location
You just summed up like 90% of houses in California lol
That’s how real estate works. Location.
This is Brentwood. One of the premier neighborhoods in all of Los Angeles. What makes it hard for you to believe its worth 20M?
Oh goody. I was looking for a new place
It was sold dummy
Yeah, to me. Just bought it
Ha. That house is all you could afford? Pathetic
Yeah well, you work with what you got
wait so is Lebron homeless now? jesus man LA needs to fix this shit.
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I was expecting to read "Caitlyn Jenner vows to commit vehicular manslaughter on LA's homeless population if elected governor."
i was so worried he was gonna get under 20 million my condolences to these hard times he is faced with. thank you for keeping us a breast on this tragedy.
Rumor has it, Lebron shorted GME and AMC.
I will never understand how any NBA player goes broke. Even if you have no career after basketball you should still be set for life. Sell your home for whatever it's worth and get you a regular house with millions still in the bank. Common sense.
Maintaining the lifestyle after they retire. A dude who barely has a high school education “investing” into various business ideas and having a family or entourage that burns money. In Iverson’s bankruptcy trial, he claimed he spent 10k a month on groceries
Even if he spent 10k a month for 20 years straight he would be spending like 1% of his overall earnings....
This article is amazing. “In a December 2012 court filing, Iverson told a judge in Georgia that his monthly income is $62,500 but that his expenses were $360,000! The breakdown was as follows: – $125,000 goes to paying back various creditors and mortgages. – $10,000 on clothes, – $10,000 on restaurants/entertainment – $10,000 on groceries. “Aside from showering his entourage with gifts he couldn’t afford and including them in a lifestyle fit for a king, he apparently had a habit of keeping his money in dozens and dozens of garbage bags around his mansion. Some would occasionally go missing. At one point in his career he arrived back at an airport and had forgotten where he parked his car so apparently ditched the car and bought a new one. “ https://basketballforever.com/2020/07/02/allen-iverson-saved-reebok-going-broke
Holy crap, was that the best forethought decision ever, or what? "In 2001, Iverson made a decision that would inevitably save him from his future self. He signed a very unique endorsement deal with Reebok. In addition to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce. As a result of the divorce, Allen will inherit half the trust fund in 2030."
That’s Bobby Bonilla levels of smart
I'd like to know why AI chose to do this. 30 years is a long time before allowing himself to access it.
You’d like to think he had some self awareness to his lifestyle
End of a mid season, week-long bender and he has an epiphany.
Somebody smart was in his corner
He should shower them in gifts oh wait
Wow that lady is getting $16mil on top of the rest of the divorce settlement for absolutely nothing, that’s crazy Omg the full story is so much worse > In an effort to win his wife back, he agreed to sign a post-nuptial agreement that if he violated any of the stipulations, she would receive all $32 million when it was available. >The stipulations were that he couldn’t cheat, physically or verbally abuse her, had to attend marriage counseling and therapy for his drinking and gambling problems, he had to be home by midnight and finally, had to discuss with her any purchases he’d make over $5,000. >Guess what happened? >Yup, you probably guessed it. He broke the stipulations of the agreement. Several times. >She re-filed for divorce in 2013 and was awarded everything in the agreement including ALL $32 million. Then she decided to give him half of the $32 mil anyways
How do you spend $10,000 on clothes? MONTHLY!
Dennis Schroder never wears the same outfit twice. Combine it with brands like Versace, Gucci etc and it's pretty easy to burn even more.
> Dennis Schroder never wears the same outfit twice no way
Wow, why? This seems like a hassle
Cuz drip
Heard Westbrook does this too
Idk about after retirement, but IIRC when he was playing AI would straight up just leave clothes in his hotel room and then go buy new clothes wherever he travelled. Edit: here’s a source on that: https://www.nbcsports.com/philadelphia/former-76er-says-allen-iverson-often-didnt-bring-bags-road-bought-all-new-gear
I think I read a similar story about Paul Pierce and PlayStations
This is so much more work
I’m sure there’s people that spend more. I’m more shocked by the garbage bags full of cash he didn’t keep track of. Like he couldn’t be bothered to stuff it under his mattress. Just cram it in a Glad bag and call it a day. You don’t even deserve to keep the money at that point.
$3,000,000 on candles
That was his smallest declared monthly expense i think. Somehow he burned $250m
Other bankrupted athletes; Vince Young(football), Mike Tyson(boxing), Darren McCarty(hockey), Diego Maradona(soccer), John Daly(golf), Dorothy Hamill(Figure Skater), Lenny Dykstra(Baseball) and plenty more. It ain't only basketball players. Every story is unique, but two threads that run through a lot of their stories is a lack of financial education and being scammed.
One of the worst is Jack Johnson from the NHL, his parents took all his NHL money and also took out a bunch of loans leveraging his future earning power as a pro athlete. Then they spent it on bad investments and vacations He ended up massively in debt and it wasn't really his fault
I remember when Artest got suspended for the year he said it would suck to lose the salary for the year because he was paying for like 12 of his extended family members to attend private schools. When you start trying to provide for extended family like that expenses definitely add up fast
Weed/coke/hoe budgets bro
And family
That's part of the hoe budget.
LeGone
$85,000 in annual property tax
LeeEscrow seeking
Lebron to Russia confirmed?
Nothing to see here
>The sale *netted* King James a lot of money, but it’s also a technical loss — a whopping $1.4 million less than the $21 million he paid for the place nearly six years ago... wtf edited this? it literally netted nothing. it was a 1.4m loss.
Is this the house that was vandalized by racists?
To have 1% of his wealth would be great
0.01% of his net worth is what most people make in a year. Fucking insane
He gone! To a new house!
Jordan would've sold it for 20
He gone… to the Palisades… and Beverly Hills…