Antonio Brown filed for bankruptcy even though he earned over $80 million in career. Although Brown has made news for many strange things over the years, it has to be said that losing his riches so rapidly takes the cake. Naturally, fans are now curious as to how AB got to where he is. These are some significant events in AB’s life that might have contributed to his financial ruin.
According to Tyler Webb’s analysis on X, Brown must have lost close to 30% of his $88 million in profits due to various taxes and agent fees. Therefore, it is reasonable to estimate that after all taxes, he had about $50 million left over.
When it comes to the causes of his bankruptcy, Brown’s reckless use of credit cards was a major vice that ultimately contributed to his demise. According to court records that Florida Sports Union examined, Brown’s credit card debt alone totals hundreds of thousands of dollars.
The former Patriots player owes eight creditors a staggering $3 million, according to court filings. One of these creditors is a truck driver from Florida who was beaten by Brown. The truck driver was one of Brown’s largest debtors after the court granted him a $1.2 million settlement in the assault case.
TRENDING: Antonio Brown filed for bankruptcy and currently owes eight creditors nearly $3 million.
In the Chapter 11 filing, Brown claims he has less than $50,000 in assets per @timesunion. @AB84 earned over $88M in his career; let’s break down how he lost it all 👇
🧵1/10 pic.twitter.com/ANDMku2uon
— Tyler Webb (@tylermwebb) May 22, 2024
Antonio Brown’s financial misdemanaours
The player’s sexual assault case against his trainer is the reason for another payment that the court ordered.
A settlement that was agreed upon by the parties prevented the case from proceeding. Although the exact amount that Brown paid is unknown, there are several claims that the player gave his trainer a whooping $2.7 million.
Last but not least, the former NFL wide receiver lost a significant amount of money when a famous jeweler sued him for defrauding him of two $500,000 diamond rings. The jeweler presented evidence to the court, and as a result, Brown was fined $1.1 million.
Aside from these serious criminal convictions, Brown also lost a lot of money to small-time fights and an odd lack of self-control when it came to making loan payments. Brown, for example, owes a plumber $296. Brown contended before the court that he was unable to pay three of the six-figure civil judgments through a Chapter 11 bankruptcy, citing assets worth less than $50,000, thereby placing him in debt to the tune of $3 million. He has million-dollar homes in Florida, though, which refutes his statements. As a result, a lot of people are now wondering if Brown will have to sell his Florida properties in order to satisfy his creditors.
