Posted on 10/28/2009 11:25:12 AM PDT by Michael.SF.
In 12 years, Antoine Walker(notes) made more than $110 million playing professional basketball moderately well. Take away taxes, throw in some adidas endorsement money and a "NBA Live 99" cover, and he's left with, what, $60-to-65 million?
Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.
"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]
Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers."
(Excerpt) Read more at sports.yahoo.com ...
“I don’t believe that a trust can be set up for the benefit of those not yet born.”
Ah, but you can establish a family “foundation,” as the Fords, Rockefellers, and Kennedys have done. It shields the family wealth from the taxes that the “little people” have to pay, and generations yet unborn can go into “public service,” fleecing said “little people,” while living off of great-grandad’s money.
“Maybe he can adopt Antoine”!
Oh, no you di’int!
: )
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