Athletes will not always have their sport to cling on for life. Retirement happens and often they will have to diversify their income streams. A lot of the times it ends up with good outcomes but there are some instances when investments flop a lot. No one in the boxing world knows this more than Roy Jones Jr. His net worth in 2024 tells a big story.
Roy Jones Jr. is a renowned name in the world of professional boxing. He only lost 10 of his 76 fights throughout his career. Furthermore, Jones was also a walking highlight reel whenever he entered the ring. In fact, he won 47 of those 76 matches by way of knockout. Clearly, this got him a lot of endorsements and big cash prizes due to pre-fight contracts.
However, his net worth took a massive nosedive after his career. One would think that he was spending it all on things that would not make any returns or that he was just careless of how he tracked his cash. That was not at all the case. He invested a large bulk of his earnings but lost out a lot of times. His real estate and a recording studio just weren't make enough money. This is why he needed to file for bankruptcy in the middle of the 2010s.
Now, Roy Jones Jr. is not completely broke. He is still very wise in how he spends and grows his money. However, his net worth in 2024 is now just down to $7 million. Hopefully, he recuperates all of this lost cash in the long-term.
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