As Becker himself said during a bankruptcy battle in 2022, he earned almost $50 million during his professional tennis career. In today’s money, that’s almost $120 million. adjusted for inflation Despite his immense wealth, Boris’s later years have been plagued by financial and legal difficulties. As of 2017, Boris has begun a long-running legal struggle with a British bankruptcy court, which lasted through 2022.
For hiding assets during his bankruptcy proceedings, Boris was sentenced to 2.5 years in prison on April 28, 2022. There are more details about this case in the next article.
Infancy and Childhood
He was born on November 22, 1967, in Leimen, West Germany, as Boris Franz Becker. Boris was brought up in a Catholic home.
In Leimen, Germany, Becker learnt to play tennis from his father, who had founded a tennis centre. He honed his skills at an early age and was already an accomplished musician.
Becker’s first professional doubles title came in 1984, his first year as a professional after going pro. He was the first unseeded Wimbledon singles champion in 1985. Becker went on to win several more matches, and the following year, he returned to defend his Wimbledon crown. His rivalry with Stefan Edberg grew stronger over time.
By the mid-’90s, his personal and professional life had taken a hit because of his financial woes and divorce. After missing out on the title at the 1995 Monte Carlo Open, he decided to call it a career 1995. Becker won 49 singles titles and 15 doubles trophies in his career as a professional tennis player. Becker is noted for never winning on clay, preferring grass.
Earnings During One’s Career
Throughout his career, Boris earned a total of $50 million from salary and sponsorship deals. A little more than $25 million of that total came from tournament winners. Assuming a constant rate of inflation, $50 million would be equivalent to $120 million in today’s dollars.
Boris and Barbara Feltus were married in 1993. In 1994, the couple brought their first child into the world, since she was pregnant at the time. They had a second child in 1999. It was in 2000 that Boris requested a divorce. Barbara’s decision to reject their prenuptial agreement saved Becker from a $2.5 million initial payout.
In the end, she won a far greater compensation by taking him to court. He was later found to be the father of a second kid during this marriage, and he was granted shared custody after a DNA test established he was the child’s biological parent. Boris married Sharley Kerssenberg, a model, in 2009. After that, they became parents to a kid before divorcing in 2018. Becker was rumoured to be dating another model in 2019.
Volkl Inc. was founded by Becker in 2000. Tennis rackets and clothes are among the company’s products.
The German Tennis Federation and the Bayern Munich football club, among others, have both hired him as an advisor. He later wrote his autobiography. In addition, he became a well-known poker player who has done well in numerous events.
Insolvency and Punishment
Becker filed for bankruptcy in 2017 after a British judge ordered him to do so. In October of this year, Becker was awarded a judgement of debt. According to some sources, the amount Becker owes is $14 million, but this has not been confirmed. There is a $41 million debt that his business advisor Hand-Dieter Cleven claims. Becker was adamant that he could pay back the loan. Even worse, this isn’t the only time Becker has had money issues.
Purchasing and Selling of Real Estate
Boris Becker purchased a 60-acre estate in Mallorca in the 1990s. There was a time when the villa was valued at 9.4 million dollars. The 31,000-square-foot house was marketed for 13 million pounds in 2007. A group of squatters who had moved into Becker’s long-vacant Mallorcan estate in 2018 prevented him from selling it to pay off his debts. There are plans to make the house into “Neverland” from Peter Pan by some of the squatters who intend to stay for the foreseeable future.
What Went Wrong for Boris Becker That Caused Him to Lose So Much Money?
Boris Becker and his first ex-wife Barbara achieved an out-of-court settlement totalling £12 million (USD 19 million) as part of their first divorce. Boris Becker was also sentenced to pay over $10 million in 2001 to a Russian model who gave birth to his daughter as part of a settlement agreement with the Russian government.
Besides losing over $15 million at poker, Boris Becker has also lost more than $15 million.
Assets & Investments by Boris Becker
Boris Becker has six homes, four cars, and three luxury yachts in his possession. Cayman Islands Cash Reserves of more than $11 million are also part of Boris Becker’s Assets Portfolio. Boris Becker also has a $9 million investment portfolio of six stocks. The Rockefellers’ Secret Wealth is a must-see.
As a Tennis Player
He was the world’s youngest Grand Slam singles champion at the age of 17, holding the title for 227 days. He became the first unseeded German player to win Wimbledon singles in 1985 by defeating Kevin Curren in four sets.
While still in high school in Birmingham, he was crowned Tennis World Young Masters Champion at the NEC Arena. It was in 1984 that Becker made his professional debut, and he went on to win his first professional doubles title that year. Later on, he and Stefan Edberg developed a bitter rivalry.
By the mid-1990s, his financial and marital difficulties had begun to interfere with his work. After nearly losing out on the Monte Carlo Open in 1995, he decided to hang up his racket. During his professional tennis career, Becker won 49 singles titles and 15 double crowns. When it comes to clay, Becker is renowned for never winning a match.
Earnings of Boris Becker
Cents on the Dozen
Boris Becker, a former German professional tennis player and current coach, has a net worth of $100,000.
It took Becker only a short time to rise to the status of a renowned tennis player. He won Wimbledon at the tender age of 17 in 1985.
He remains the tournament’s youngest winner to this day. He climbed to the top of the global rankings almost immediately, and he would go on to win six Grand Slam tournaments during his career. Boris has won three Wimbledon titles, one US Open, and two Australian Opens. After retiring from tennis in 1999, Becker worked with several of the sport’s finest potential talents, including Novak Djokovic, on their development.