Antoine Walker tells how wanting to look like Jay-Z and Puff Daddy led to his bankruptcy – Basketball Network

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Antoine Walker shares what led to him losing all his wealth

Former NBA player Antoine Walker explains how wanting to have the same lifestyle as famous rappers back in the day led him to go bankrupt and thus selling most of his assets and losing most of his his NBA earnings.

Walker wanted to be like famous rappers

Many NBA players find themselves in financial trouble a few years after retiring from the league. Accustomed to having a lot of money during their playing career, players experience financial difficulties afterwards as their spending habits remain the same while their incomes change drastically. Some players are smart enough to start different business ventures while playing in the NBA, allowing them to have multiple sources of income after retiring from the league.

Antoine Walker is one of those players who filed for bankruptcy a few years after retiring despite earning over $100 million throughout their career. In a recent interview for the “I Am Athlete” podcast, he opened up about what led him to go bankrupt despite making crazy sums that most people can only dream of earning. According to Walker, he was young, silly, and heavily influenced by hip-hop culture and rappers showcasing their luxurious lifestyle. Walker wanted to be like them, which ultimately led to his financial problems.

It’s a cultural thing, and I like to speak for myself. When I came out, Jay-Z, Puffy, all the rappers, what they did, that’s what I wanted to do. You see them with the big jewelry, the chains, the nice cars, you see the videos. I watch all of this and I think when I get it, I do. When I had a lot of money, I also had a lot of fetishes. I had a car fetish. I would have 8-10 cars at a time. I had a watch fetish. When I came out, Jacob the jeweler was the man; everyone has shopped with Jacob. I used to get all new watches. I had 15 to 20 watches at a time, and I couldn’t wear them all.”

He was crushed when he had to sell his mother’s house

Walker wanted to have it all, and he wanted to take care of his family, specifically his mom. So he built her a house that was worth over $4 million and had everything she ever wanted. Although he had good intentions, all those expenses soon caught up with him, and he remembers the lowest point in his life being when he had to give up that house he had bought for his mother.

I built my mother a house from scratch. I spent $4.1 million on this cradle, 15,000 square feet with the indoor pool; everything you can imagine was in the house. When you are going through bankruptcy, you have a decision to make. At the time, I owned four houses. I asked my mom what she wanted to do, and the first time I cracked up was when she told me to let go of the house. I couldn’t believe it, and that was the lowest point because it’s something you never want to do. You never want to see your mom work and see your mom go through something of that nature again so that was probably the lowest point.”

Walker has been through the ups and downs of his life but is now back on his feet, working as a basketball analyst for FS1. He no longer has the wealth he once had, but he seems to be in the right frame of mind and enjoying his life, which is the most important thing at the end of the day. He also encourages young players to learn from his mistakes to avoid having the same problems and to be smarter about how they spend their money.



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