Boris Becker has a net worth of $100,000. He is a former German professional tennis player and current coach. Becker rose to prominence as a tennis player in a remarkably short period of time. He won Wimbledon at the age of 17 in 1985. He still holds the record for being the tournament’s youngest winner.
He was ranked number one in the world nearly from the start of his career, which included six Grand Slam victories. Boris won three times at Wimbledon, once at the US Open, and twice at the Australian Open. Following his retirement from tennis in 1999, Becker went on to coach some of the sport’s brightest potential talents, including Novak Djokovic.
Becker earned around $50 million during his professional tennis career, according to Becker himself, as claimed during a bankruptcy case in 2022. After accounting for inflation, that equates to about $120 million in today’s money.
Boris has faced financial and legal troubles in later life, despite his huge financial success. Boris began challenging a British bankruptcy court in 2017, and the battle is expected to go until 2022.
Boris was sentenced to 2.5 years in prison on April 28, 2022, by a London court for concealing assets during his bankruptcy proceedings. More information on this case may be found further down in the article.
Childhood
Boris Franz Becker was born in Leimen, West Germany, on November 22, 1967. Boris was brought up as a devout Catholic. Becker learned to play tennis at his father’s tennis center in Leimen. He developed a great level of proficiency at a very young age.
View this post on Instagram
Career
Becker won his first professional doubles match in1984, shortly after turning professional. In1985, he became the first player to win the Wimbledon singles tournament without being seeded. Numerous remarkable victories followed, and Becker successfully defended his Wimbledon crown the following year. Later in his career, he developed a fierce rivalry with Stefan Edberg.
By the mid-1990s, his financial and marital problems were beginning to have an impact on his work. By1995, he had retired following a tight defeat at the Monte Carlo Open. Becker won 49 singles titles and 15 doubles trophies during his career as a professional tennis player. Becker was famed for never winning on clay courts, preferring grass.
Earnings Potential
Boris earned $50 million in salaries and sponsorships during the course of his career. He earned precisely half of that sum, slightly more than $25 million, through tournament winnings. After inflation, $50 million is equivalent to almost $120 million now.
Relationships
Boris married Barbara Feltus, a model, in 1993. At the time, she was pregnant, and the couple welcomed their first child into the world in 1994. They added another child to their family in 1999. Boris requested a divorce in 2000. Barbara, fortunately, chose not to enforce their prenuptial agreement, sparing Becker a $2.5 million initial settlement.
However, she later sued him and obtained a far higher compensation. It was later discovered that he fathered another child during this marriage, and he was granted joint custody of the child after a DNA test established his paternity. Boris married another model, Sharley Kerssenberg, in 2009. They later had a kid before divorcing in 2018. Becker was reportedly dating another model in 2019.
View this post on Instagram
Post-Playing Entanglements
Volkl Inc. was founded by Becker in 2000. The company manufactures apparel and tennis rackets. He later wrote his autobiography and served on the advisory boards of several sporting organizations, including the German Tennis Federation and the Bayern Munich football club. He also became a well-known poker player, winning numerous events.
Insolvency and Sentencing
Becker was filed for bankruptcy in 2017 by a British judge. Becker was served with a judgment of debt in October 2015. Becker’s debt was not disclosed, other to remark that it is large – but some stories indicated that it was $14 million. Hand-Dieter Cleven, his business adviser, said he was due $41 million.
Becker maintained that he possessed the financial means to repay the loan. Unfortunately, this is not the first time Becker has had financial difficulties.
He reportedly had to pay millions to his first wife Barbara and a Russian beauty named Angela Ermakova, who became pregnant with his child following a 1999 affair in a London nightclub. Boris stunned the world in June 2018 when he declared he was immune from lawsuits due to his appointment as an ambassador by the Central African Republic (CAR).
It was eventually uncovered that this assertion was entirely false and that Becker’s CAR passport was part of a batch stolen previously.
Boris Becker was charged in 2020 with failing to turn over his Wimbledon trophies when he was liquidating his assets owing to bankruptcy. Becker faced criminal charges for violating the provisions of his bankruptcy and failing to disclose information about his holdings.
He has entered a not guilty plea to each of these allegations. This occurred during a time when he was also charged with concealing over a million pounds through the use of many bank accounts.
Becker eventually sold his collection of sports memorabilia, generating $860,000 to help pay off his obligations. Becker’s bankruptcy limits were further extended until 2031 following allegations that he concealed assets and transactions totaling 4.5 million pounds.
View this post on Instagram
Boris Becker’s Automobiles
Boris Becker has purchased an Audi RS Q8 for $400,000. Boris Becker also owns a Volvo XC90 for $70,000 USD. Boris Becker also possessed a number of additional automobiles, which are detailed below.
Boris Becker’s Liabilities and Loans
Boris Becker took out a $15,000 debt to advance his tennis career many years ago. Boris Becker, on the other hand, has repaid this education loan in full as a result of his tennis success.
Boris Becker, on the other side, recently secured a $12 million loan for commercial expansion and entry into the media industry. This loan with Citi Bank is still due and is factored into Boris Becker’s net worth calculation. You should see The Unknown Wealth of the Rockefeller Family
Boris Becker did not receive a sizable inheritance from his family. Boris Becker appears to have amassed his whole net worth on his own. Boris Becker’s wise investments in the stock market and real estate are providing him with a significant monthly income, which is allowing him to continue growing his wealth.
Residential Real Estate
Boris Becker purchased a large 60-acre estate on Mallorca in the 1990s. The villa was reportedly valued at 9.4 million pounds at its height.
He listed the 31,000-square-foot mansion for 13 million pounds in 2007. Although Becker attempted to sell his long-abandoned Mallorcan estate in order to pay off his debts, he was continually blocked by a squatter invasion in 2018. The squatters expressed their intention to remain for the foreseeable future, with some even wanting to transform the property into Peter Pan’s “Neverland.”
View this post on Instagram
Regrettably, Becker’s property possessed tremendous promise just ten years previously. There are 12 bedrooms, a gym, a swimming pool, a basketball court, a tennis court, and horse stables on the property. All of these amenities were completely demolished by the squatters in a short period of time.
Not only that, but they also stole all of the high-end furniture and anything else that wasn’t securely bolted down. The pool sustained significant damage when one squatter attempted to power it with solar panels. In 2020, it was reported that the squatters had been evicted following allegations that they were filming pornographic films on-site.
Boris handed away his Mallorcan villa to the British private bank Arbuthnot Latham in November 2020 to settle the debt.
Annual Salary of Boris Becker
Boris Becker owns over six properties from which he earns rent on a monthly basis. Boris Becker also has around $10 million in bank accounts and government bonds, which provide him interest and dividends on an annual basis. Boris Becker gets around $520,000 USD per year in rental revenue. Boris Becker also gets $380,000 in dividends and interest from his investments.
What Did Boris Becker Get?
Boris Becker is sentenced to two and a half years in jail for bankruptcy crimes. The 54-year-old German tennis legend was imprisoned for illegally moving huge sums of money and concealing assets following his bankruptcy declaration.
