What Happened To Usain Bolt? What Happened To Usain Bolts 12 Million Dollars? How Much Money Did Usain Bolt Lose?
by V Gomala
Updated Feb 01, 2023
What Happened To Usain Bolt's 12 Million Dollars?
Usain Bolt, the Jamaican retired sprinter, has been wiped out of his retirement money after a scammer took about $12 million leaving Usain with almost nothing, according to reports. His lawyer Linton P. Gordon revealed that $12 million vanished from Usain Bolt's account.
Now, Usain Bolt is worried that all the investments the sprinter made in Stocks and Securities Limited (SSL) are missing and the recovery of his funds remains unsure. Scroll down to know What Happened To Usain Bolt Money.
How Did Usain Bolt Lost Money?
It was reported on January 16 that Usian opened an account with a local Jamaican investment company, SSL in the year 2012 but never made a withdrawal since then.
Usain Bolt, known as the fastest man in the world, was shocked to find $12 million missing from the account he had with Kingston-based investment firm Stocks and Securities, Usian's lawyer said, according to reports.
How Much Money Did Usain Bolt Lose?
Usain Bolt lost $12,758,181.74 to be precise to investment fraud in Jamaica. He is one among over thirty people who are believed to be a victim of fraud and whose SSL investments are thought to have been wiped out by a wealth adviser. Jamaican Financial Services Commission (FSC) launched an inquiry and the investment company was placed under supervision, as per the report.
SSL has declared that its officials failed to catch the scammer. The company was unaware that Usian was impacted by the fraud.
Usain Bolt Net Worth
Usain Bolt’s estimated Net Worth is around $90 million, as per urbanaffairskerala. Investigations are on into the 'private investment firm' in Jamaica, and the case sparked criticism over the government’s handling, with one top official forced to quit amid one of the biggest fraud scandals to hit the Caribbean island.
Everton McFarlane, who until just was executive director of Jamaica’s Financial Services Commission, went on leave Friday and stepped down on January 31, officials said, according to a report by the Associated Press.
An official with the Bank of Jamaica would take his place as the investigation goes on into Stocks and Securities Limited.
How Much Did Usain Bolt Make In The Olympics?
Finance Minister Nigel Clarke said Thursday, “There will be full transparency.” Nigel added that he was disgusted by what the investigation into the alleged fraud revealed so far.
He said, “No stone will be left unturned in unearthing exactly how funds were allegedly stolen, who benefited from such theft and who organized and collaborated in this."
In 2021, it is said that Bolt continues to earn from lucrative endorsements, which gave him the majority of his income of nearly US$20 million per year. Brands include Puma, Visa, Gatorade, Virgin Media and Hublot, according to Players Bio.
What Happened To Usain Bolt - FAQs
Usain Bolt, the Jamaican retired sprinter, has been wiped out of his retirement money after a scammer took about $12 million leaving Usain with almost nothing, according to reports.
Usain Bolt, known as the fastest man in the world, was shocked to find $12 million missing from the account he had with Kingston-based investment firm Stocks and Securities, Usian's lawyer said, according to reports.
Usain Bolt is a Jamaican retired sprinter.
Usain Bolt is 36 years old.