Shaquille O’Neal’s teammate lost his $110 million in earnings due to terrible decision making
Shaquille O’Neal’s teammate Antoine Walker was a tremendously good NBA player, earning $110 million in his career. But everything got away.
What life holds for us is a mystery in itself. We don’t know what or where it will take us. It’s true for everyone, even rich NBA players. The trope that NBA players spend their money did not come from a rumor but from the truth.
More than most, NBA players often lose their money. The charm of the fast life is enough to take away great things. Among the most popular rags to riches stories comes a lesson in being smart.
Antoine Walker was a great player in the NBA. During his 16-year career, he earned 3 All-Star nominations and a championship with the Miami Heat. Naturally, he managed to rack up more than $110 million in career earnings.
He was a partner of great investors and NBA legends such as Shaquille O’Neal and Dwyane Wade. However, it seems that Antoine did not heed his advice, or rather his own actions did not reflect sound thinking.
Antoine Walker earned $110M in 13-year NBA career; he filed for bankruptcy in Miami in 2010 with assets of $4.3M & debts of $12.7M. #BROKE
— Billy Corben (@BillyCorben) October 3, 2012
He lost all his wealth and in 2009 he filed for bankruptcy. So how did he lose his wealth? Where did you make the mistake?
Shaquille O’Neal’s teammate Antoine Walker’s real estate investment turned out to be a costly mistake!
He has often talked about his mistakes, but the most costly is his real estate investment. He reportedly invested $10 million in real estate with a rather incompetent friend.
Q+A: Antoine Walker (@WalkerAntoine8) on his career, his bankruptcy and his new documentary: http://t.co/Z21qnySiTx pic.twitter.com/m2Oe17HEyQ
— SLAM (@SLAMonline) October 9, 2014
Later he ended up with 7-8 loans and had to start his life all over again, from scratch. It is surprising that, despite seeing someone as successful as Shaq, he has not received good investment advice. Though he has alluded to admiring his work ethic.
Antoine Walker loved Shaq's work ethic 🙌#Heat pic.twitter.com/hMMAZZsjJz
— Heat Nation (@HeatNationCP) May 10, 2020
NBA star Antoine Walker bounced back from bankruptcy in two years. Here's his advice for rebuilding finances #investinyou (In partnership with @acorns.) https://t.co/pqTgHhzMNo
— CNBC (@CNBC) November 13, 2021
Several years later, Antoine appears to have recovered. You can read the story here.
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