Tennis Superstar, Boris Becker Declared Bankrupt After Losing £100m Fortune Investing In Nigerian Oil Firms
It has been reported that 49-year-old Wimbledon legend, Boris Becker, a German former No.1 tennis player who was successful from the start of his career, winning the first of his six major singles titles aged 17 and also won five year-end championships, 13 Masters Series titles, and an Olympic gold medal in doubles among many other, has gone bankrupt after losing huge part of his £100million fortune in dubious investments in Nigerian oil firms.
According to German news magazine Der Spiegel report, citing documents from soccer whistleblowing platform Football Leaks said Becker struck the deal in 2013, which contributed to his recent bankruptcy.
Spiegel claimed the ‘mega-deal’ was brokered by a Canadian firm and a Nigerian employee of Becker, pictured. In the report, documents show that in July 2013 Becker held shares in an oil and petrol firm in Nigeria but the investments tanked and last month he was declared bankrupt.
German news magazine report that John Briggs, Becker’s lawyer, told the London court:
“He is not a sophisticated individual when it comes to finances.”
Boris Becker who was once estimated to be worth upwards of £100million, was declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015 and his remaining assets, according to the report will be disposed of to pay creditors.
In 2001, Becker landed with divorce and paternity settlements totaling more than £20million to his first wife, Barbara, and Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant. The following year, he received a two-year suspended sentence for tax evasion and ordered to pay £2.5million in back tax, fines, and costs after claiming Monaco as his main residence while mostly living in Munich.