Boris Becker loses 100m pounds in Nigerian oil firm

Boris Becker loses 100m pounds in Nigerian oil firm

Wimbledon legend Boris Becker is currently bankrupt as he has lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms

51 Italian doctors die from coronvirus
Vogue Arabia faces backlash for putting Saudi Princess on cover while women activists remain in jail
Bill Gates unveils futuristic toilet that turns human waste to fertilizer

Wimbledon legend Boris Becker is currently bankrupt as he has lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms. German news magazine, Der Spiegel, citing documents from soccer whistle blowing platform, Football Leaks, said Boris Becker struck the deal in 2013, which contributed to his recent bankruptcy. Spiegel said the mega-deal was brokered by a Canadian firm and a Nigerian employee of Boris Becker.

It said documents show that in July 2013, Becker held shares in an oil firm in Nigeria but the investments tanked and last month he was declared bankrupt. John Briggs, Becker’s lawyer, told the London court: ‘He is not a sophisticated individual when it comes to finances.’
Boris Becker, now 49, was once estimated to be worth upwards of £100million. He was declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015.

His remaining assets will be disposed of to pay creditors. Among earlier cash woes, Becker was landed with divorce and paternity settlements in 2001 totaling more than £20million to his first wife, Barbara, and Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant. The next year, Becker received a two-year suspended sentence for tax evasion. He was ordered to pay £2.5million in back tax, fines, and costs after claiming Monaco as his main residence while mostly living in Munich. And in 2011, a Dubai property development to which he lent his name went bust.