Millions of dollars from Jamaican sprinter Usain Bolt’s investment account vanished, prompting the commencement of an investigation.
After Bolt found inconsistencies in his records, the star athlete’s longtime manager, Nugent Walker, made the probe public, according to Jamaican news outlet The Gleaner.
The matter at investment business Stocks and Securities Limited is reportedly being investigated by Jamaica’s Financial Investigations Division and the Financial Services Commission (SSL). Furthermore, SSL has invited the police, according to The Gleaner.
According to reports, Bolt discovered the inconsistencies with his accounts at SSL on Wednesday. “All the relevant steps have been taken to come to the bottom of this,” Walker stated, adding at he could not disclose the sum due to an ongoing investigation. “He’s been with this entity over 10 years … His entire portfolio is being reviewed,” Walker said.
The Gleaner further reported that widespread fraud at the business has been connected to an ex-SSL employee. The ex-employee might have been connected to Bolt’s case, according to The Portal.
The Gleaner was informed by the legal counsel for the unnamed employee that her client had been in communication with SSL representatives.
Bolt is regarded as one of the best track athletes of all time and an eight-time Olympic winner. In the 100, 200, and 4×100 relays, Bolt, who retired in 2019, holds the world records.Bolt played football for a while after he stopped competing in athletics. He once went to train with Manchester United. The Central Coast Mariners of Australia then made him an offer. He participated in a game with the group and scored a goal. He was unable to acquire a long-term deal, though.
The Jamaican is one of the highest-paid athletes in the world, with a net worth of $90 million, according to Celebrity Net Worth. On its list of the 100 richest athletes in the world published in 2017, Forbes put him at No. 45 on the list. His estimated net worth at the time was $31 million.
The Jamaican has a dozen well-known sponsors outside of the field. Even after retiring, he still has the majority of his sponsors. Bolt normally makes $20 million a year, most of which comes from sponsorship deals, according to celebrity net worth.
Additionally, he earns money through prize money and appearance fees. “Between June 2017 and June 2018, Usain Bolt earned $31 million. Only $1 million of his income was from on-track earnings. The rest came from endorsements,” Celebrity Net Worth writes.
In addition to his endorsement agreements, he owns a business. He owns the Track & Records eateries in Jamaica and the UK, according to Forbes. Additionally, he is a co-founder of Bolt Mobility, a Miami-based manufacturer of electric vehicles.
