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Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt - Sports - Nairaland

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Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Trendings: 9:17am On Jul 17
Boris Becker(Novak Djokovic coach) 'lost his £100m fortune investing in Nigerian oil firms that plunged in value'.

Wimbledon legend Boris Becker lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms, it has been claimed.

German news magazine Der Spiegel – citing documents from soccer whistleblowing platform Football Leaks – said Becker struck the deal in 2013, which contributed to his recent bankruptcy. Spiegel said the ‘mega-deal’ was brokered by a Canadian firm and a Nigerian employee of Becker, pictured.

It said documents show that in July 2013 Becker held shares in an oil and petrol firm in Nigeria. But the investments tanked and last month he was declared bankrupt. John Briggs, Becker’s lawyer, told the London court: ‘He is not a sophisticated individual when it comes to finances.’

Becker, now 49, was once estimated to be worth upwards of £100million. He was declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015.

Remaining assets will be disposed of to pay creditors. Among earlier cash woes, Becker was landed with divorce and paternity settlements in 2001 totaling more than £20million – to his first wife, Barbara, and Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant.

The next year Becker received a two-year suspended sentence for tax evasion. He was ordered to pay £2.5million in back tax, fines, and costs after claiming Monaco as his main residence while mostly living in Munich. And in 2011 a Dubai property development to which he lent his name went bust.

http://www.dailymail.co.uk/news/article-4701824/Becker-lost-100m-fortune-investing-Nigerian-oil.html#ixzz4n4rBSxX1

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Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by thorpido(m): 10:23am On Jul 17
Anyone can lose money in investments.It has nothing to do with Nigeria like some people have commented online.Some made money from the unstable financial markets.

77 Likes 1 Share

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Leonbonapart(m): 12:05pm On Jul 17
Sorry Mr Legend no vex. We have a cursed president, everything has turned upside down in Nigeria since he assumed position. People die like chicken.

Oga no vex, in the days of Jonathan it was not so

Nigeria sold their head to buy cap

20 Likes 1 Share

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by holatin(m): 12:05pm On Jul 17
thorpido:
Anyone can lose money in investments.It has nothing to do with Nigeria like some people have commented online.Some made money from the unstable financial markets.

nice and best comment of the day, brother pls can you give small pieces of your brain to some nairalander.

a lot of kids with no brain and access to internet now full nairaland yarning rubbish

63 Likes 3 Shares

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Vivos: 12:06pm On Jul 17
Nigeria can ruin and frustrate someone's destiny eh....Welcome to the club sir. We've been experiencing it for long so it's not a new news

3 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by kennygee(f): 12:06pm On Jul 17
Nigerian Oil firms?

Those are like bottomless pits to invest your money.

The only Money Nigerian Business men don't mismanage is their own personal money, they mismanage bank loans, that's why AMCON pursues them day and night.

They also mismanage investors funds by living lavishly above their means.

11 Likes 1 Share

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Lorechino(m): 12:06pm On Jul 17
ok we are praying for our ancestors , should we pray for him? grin grin grin grin grin

1 Like

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Addicted2Women: 12:06pm On Jul 17

Oil is a bad investment

It doesn't matter what country you invested in

He didn't lose the money, the money is there but it will take time to get his investments back

The Nigerian oil is the richest and the purest, that's why Nigeria is in competition with Iran the mass oil exporter, if you sell 1 barrel of oil for $50, Iran will sell 20 barrels for $20

Let him hang in there, he will get his money back in due time

Invest in stocks and real estate, you will never lose money

7 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Keneking: 12:06pm On Jul 17
Jonathan sef embarassed embarassed
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by free2ryhme: 12:07pm On Jul 17
Them dey really chase this guy for spiritual world only you shocked

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by wahles(m): 12:07pm On Jul 17
Bad market

1 Like

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by MadManTalking: 12:07pm On Jul 17
Maybe na him money hushpuppi dey wack since.

14 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by WebSurfer(m): 12:07pm On Jul 17
100 what ??
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by free2ryhme: 12:07pm On Jul 17

2 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by appswift: 12:08pm On Jul 17

1 Like 1 Share

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by maryjan8(f): 12:08pm On Jul 17
Ook
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by pesinfada(m): 12:08pm On Jul 17
Why Nigerian
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Suprnov3r(m): 12:08pm On Jul 17
The Change is so bad, even foreigners are tempted to commit suicide.

The way all this foreign investors are crashing out of Nigeria, it is clear that our recession is worse than we thought.

Soon people will not want to buy even land in Nigeria.
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by oviejnr(m): 12:08pm On Jul 17
Business fails, but we don't give up. He will get back on his feet, not the end of the world for him.

1 Like

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Kobicove(m): 12:08pm On Jul 17
Boris Boom Boom Becker

Please tell us another story undecided
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by BlackAfrican: 12:08pm On Jul 17
Who send am? Him wan kill himself?
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by AngelicBeing: 12:08pm On Jul 17
Keneking:
Jonathan sef embarassed embarassed
Hahaha grin
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by oodua1stson: 12:09pm On Jul 17
Using Nigeria as a cover for his lies eh?

2 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Dandeson1(m): 12:09pm On Jul 17
yahoo boys oooo
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by mosegifted: 12:09pm On Jul 17
Oga, the one you have been gaining since did you tell us... take your time ooo

3 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by sod09(m): 12:09pm On Jul 17
me still they vex for blowing 6k....Gd punish poverty angry angry angry angry
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by ChiefSweetus: 12:09pm On Jul 17
thorpido:
Anyone can lose money in investments.It has nothing to do with Nigeria like some people have commented online.Some made money from the unstable financial markets.
Fin.
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by just2endowed: 12:10pm On Jul 17
NNPC still making their loss as we speak
Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by BlackAfrican: 12:10pm On Jul 17
oviejnr:
Business fails, but we don't give up. He will get back on his feet, not the end of the world for him.

It took him 49 years to gather that money... Now he's lost it all. Bro, life will never be the same for DAT nigga again

3 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by plainmirror(m): 12:10pm On Jul 17
Moral:

Do not invest/ undertake any venture in a zoo if you don't have an indigenous zoo criminal as a business ally.

2 Likes

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by lovely17(m): 12:10pm On Jul 17
Hushpuppi knows something about this

1 Like

Re: Boris Becker Lost £100m Fortune Investing In Nigerian Oil Firms, Goes Bankrupt by Sleyanya1(m): 12:11pm On Jul 17
cry


He had no financial coach?




Should have invested in Gold nau.

Sorry Sir.

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