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Basketball
NBA legend's fury after losing $100m to former manager
NBA great Charles Barkley has claimed his first player manager cheated him out of $100 million early in his career.
The 58-year-old spoke openly about the state of his finances during a recent podcast appearance, where he alleged his agent took his money.
Barkley, an 11-time NBA All-Star, is reported to have a net worth of $50 million, having earned more than $40 million in wages during his career.
As one of the biggest stars during the golden era of the NBA, Barkley was one of the most marketable athletes in America and is assumed to have earned a lot in endorsements.
But Barkley now says his agent took everything before they went their separate ways.
“
CHARLES BARKLEY
I probably got cheated out of 100 million dollars. After four years I was broke. I don’t want to mention his name. That a**hole... stole all my money.
Barkley, however, is far from financially destitute nowadays. He earns a reported $1.5 million per-year as an analyst on TNT’s NBA coverage.
He says he received good financial advice from fellow NBA legend Grant Hill’s mother, who taught him to stop giving handouts to his friends and family members.
“
CHARLES BARKLEY
Do not start taking care of all your family and friends. You’re gonna go broke, but the worst thing it’s gonna ruin every relationship.
Words: Tyson OttoProducer: Andrew Piva
																															

Original URL: https://www.theaustralian.com.au/web-stories/free/the-australian/nba-legend-charles-barkley-claims-agent-stole-100m