The American professional basketball tournament (NBA) is considered a promised land for the best basketball players in the world. For many people, competing here means their lives will change completely.
Just entering the NBA, a player’s life will change completely. Photo: ClutchPoints.
The majority of players in the NBA are African-American. Many people grew up on the streets and had relatively difficult childhoods. Then when they become the stars of the tournament, when big money starts pouring into their bank accounts, that’s when their people change.
There have been many NBA stars empty-handed after ending their playing careers and Antoine Walker is one of them. During his 12-year NBA career, Antoine Walker was an All-Star 3 times and won a championship in 2006. His total assets during these years are estimated at more than $108 million (more than $108 million). 2,500 billion VND). But after just two years of retiring from the tournament, the 43-year-old former player lost everything.
“In the 6th pick of the 2006 NBA Draft, the Boston Celtics selected Antonie Walker from the University of Kentucky”, that was when Antonie Walker’s life changed.
Participating in the legendary 1996 Draft, the selection season is considered the most successful when discovering many star players of the tournament. Even Antonie Walker was selected before Kobe Bryant, the former brightest player of the 1996 class that year only ranked 13th. Through this, it can be seen that Antonie Walker’s potential is highly appreciated by the tournament’s experts. how.
During his playing career from 1996-2008, Antonie Walker wore the jersey of many famous clubs such as Boston Celtics, Dallas Mavericks, Atlanta Hawks, Miami Heat or Minnesota Timberwolves.
With 12 years of playing in the NBA, the former NBA champion has earned a huge amount of more than $108 million. According to statistics, Antonie’s fortune is 4 times more than the average retired player of the tournament. However, he quickly wasted this money.
Antonie Walker in his first year in the NBA under the jersey of the Boston Celtics Club.
“The first big check I got was used to buy a house for my mother,” Antonie Walker shares how he used the money when he received the first check of his rookie season.
As the eldest of six children, Antonie took over from his mother in raising his younger siblings as soon as he was able. Since he first entered the tournament, Antonie did not hesitate to spend money and it did not take too much time for Antonie to spend beyond the salary of a rookie.
“I didn’t realize how serious it was that I was spending money a year into the tournament. But I didn’t really worry about it because the money kept pouring into my account,” Antonie Walker revealed.
The thoughtless way of spending money is one of the things that makes Antonie Walker empty-handed.
Like every other player in the NBA, Antonie Walker also has a financial advisor who will help him manage spending and investments to make time for training and competition. However, Antonie Walker prefers to do things her own way. A young man’s arrogant nature tells him that he doesn’t need to listen to anyone about how to spend his money.
“Just because of the arrogance and stubbornness of youth, I wanted to decide for myself what to do with the money I earned. I went against the advice of my financial advisor,” Antonie admit mistakes.
At that time, Antonie Walker had the true life of a king. After the first house for his mother, the Boston Celtics player at that time also spent a lot of money to buy other houses for his family members. Antonie Walker’s homes were worth millions of dollars at the time.
As for his house, its value is up to tens of millions. Not stopping there, Antonie has interests in expensive cars and jewelry. In his garage there are always 5-6 luxury supercars of Bentley, Maybach and Mercedes Benz brands. Expensive Rolex watches are also something that Antonie Walker puts on his collection list.
The Maybach was one of Antonie Walker’s most expensive cars, worth an estimated $400,000 at the time.
As a celebrity, Antonie never wears the same designed outfit twice in public. In addition to spending on himself and his family, Antonie Walker’s friends are also the ones who have benefited a lot since his life changed.
“I have about 8-10 close friends since I was a child, no matter what I do or where I live, I always want them to enjoy a life like me,” shares Antonie Walker.
Antonie Walker said he and his close friends often go on vacation together, from famous places in the United States to trips abroad. Each time, he paid for the plane, meals and hotel. Not only that, luxury gifts for close friends also cost Antonie Walker a large amount of money.
In addition to the red and black blood in his body, the former NBA star also burned a lot of money during his visits to Las Vegas with his teammates. According to records, Antonie Walker was arrested three times for problems related to debts at casinos in Miami and Las Vegas between 2009 and 2010.
The endless red and black matches and uncalculated investments left the NBA champion empty-handed when he retired.
However, one of the things that made the 2006 season champion empty-handed was his real estate investment. Instead of listening to his financial advisor, Antonie Walker decided to spend money to buy up to 140 plots of land along the south side of Chicago with the intention of building commercial centers and retirement homes for old age.
In 2007-2008, a financial and real estate crisis took place. It swept away all the assets that Antonie Walker invested and officially turned him from a millionaire into a bankrupt.
A combination of wasteful spending, passion for gambling and investing at the wrong time, all of Antonie Walker’s fortune had to “gone away”. Even the championship ring, a priceless possession, a testament to his peak, could not be kept.
The darkest moment in Antonie Walker’s life was on May 18, 2010, when the former NBA player had to file for bankruptcy. At that time, his account had more than 4 million dollars, but the amount he owed was nearly 13 million.
All the valuable assets in Antonie Walker’s house were “put away”, including the priceless memory of the 43-year-old former player’s only championship.
The story of Antonie Walker is a typical one in the NBA, for players who suddenly become stars but don’t know how to spend, and then when they retire, all the assets accumulated during their peak years are gone. .
However, the above difficulties did not cause Walker to collapse. Thanks to his experiences, Walker used it to help others better understand the nature of money. At the present time, Antonie Walker is working as a consultant for the money management curriculum called Global Sports & Entertainment of Morgan Staney Bank. This is an orientation program for collegiate and professional athletes.
In addition, Antonie Walker also works as a basketball analyst at 120 Sports and is a familiar guest on several NBA programs. In early 2013, Antonie Walkers finally paid off all the money he owed.
After ups and downs, Antonie Walker is living a simpler life. Currently, Antonie’s entire family is living together in a house in downtown Chicago.
Currently, Antonie Walker has a simpler life and often appears in community activities.
As an experienced person who clearly understands the importance of financial management, Antonie Walker plans to release a documentary called “Gone In An Instant” in the hope that everyone will learn. through your mistakes.
Now looking back on his journey of “burning” more than 108 million dollars after 12 years of playing, Antonie Walker has advice for young NBA players.
“Add the word ‘No’ to your vocabulary,” Antonie shared. “It’s a very difficult lesson to learn. I’m someone who always thinks about my family and friends. I always want to give them the best. When money comes to me and people start making demands, that’s when the word ‘No’ needs to be in your head.
“Stick to your financial plan and don’t invest anything while your career is still unfinished, complete it until you have time to start a new job yourself” .
Antonie Walker has had a simpler and somewhat more comfortable life after paying off all her debt.
Right now, Antonie Walker just wants to accumulate some savings so he can retire someday. “I’m paying more attention to the quality of life. To be able to take care of my children and grandchildren.” later”, Walker shared.
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