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Free registration at the forum removes this block.Even at Junk status the 63 million bonds purchased are worth less than 9 mil now? My god. That's insane.
Good point. I may be naive, but I don't quite understand how someone with his level of net worth had debts in the first place. If he had lived debt-free, he'd at least have 9 million dollars now, along with any hard assets -- not too shabby. Instead, his net worth is negative. To me, aside from his poor investment decisions, this is the real lesson here.and 3x times that amount in DEBTS......
The title is misleading: $63M is not gone. Read the bottom of the article: "the boxer reached an agreement with the bank that allows him to keep his assets and the income they generate"
Even at Junk status the 63 million bonds purchased are worth less than 9 mil now? My god. That's insane.
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