Quote:Originally posted by Canadian Tool
How do you manage to piss away that amount of money?
Quick answer: <a href=http://www.thesmokinggun.com/archive/mtysondiv1.html target=new>by simply not keeping track of where all that money is going.</a>
Think about it... every purse he earns in the ring gets broken down into:
*2 ex-wives, so alimony and child support
*current girlfriend(s), so gifts and the like
*manager, promoter, posse, other hangers-on with their fucking hands out, even though none of them had to step in the ring
*lawyers (look how many times "legal fees/services" appears on that list)
*mansions (I believe he has/had at least 4 of them), so maintenance, decoration, utilties, and so on
*personal luxury items (jewelry, cars, etc.)
*extravagant nonsense (aka the white Bengal tiger)
and of course... <b>*TAXES*</b>
Even if he got $20 million per fight, those expenses (and who knows what else) comes out of those winnings <i>every single month</i>. Sooner or later, the amount of what he spends would exceed that which he earns.
He was a poor kid who unfortunately got corrupted by the huge influx of money he got in a short amount of time, and clearly never thought about saving any of that money for possible lean times down the road... probably because he truly felt there wouldn't be any more lean times.