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$12.7m Is Missing From Olympic Champion Usain Bolt’s Bank Account

Usain Bolt
Usain Bolt; image credits - Forbes

Usain Bolt’s attorney said on Wednesday that his client’s account with a Jamaican private investment company has more than $12.7 million stolen.

Usain Bolt

Usain Bolt; image credits – CBC

Millions Of Money Missing From Usain Bolt’s Account

The Associated Press was given a copy of a letter issued to Stocks & Securities Limited asking the money be returned by Linton P Gordon, Bolt’s attorney. According to Gordon, the Olympic champion’s account once had $12.8 million, but currently only shows a balance of $12,000. An inquiry for comments was not immediately answered by Stocks & Securities Limited. The business requested that customers contact the Jamaican Financial Services Commission, which is looking into the business, with any questions on its website.

The business has stated that several of its clients may be missing millions of dollars and that it detected the theft earlier this month. Nigel Clarke, the finance minister for Jamaica, described the situation as alarming but added that it was exceptional. On Monday, the same day Jamaica’s Financial Services Commission said it was hiring a special auditor to look into fraud claims at Stocks & Securities Limited, a company with its headquarters in Kingston, Bolt’s attorneys sent the letter.

Financial regulators said on Tuesday that they would take over the temporary operation of the private investment company. It will be permitted to continue operating, but any transactions require government authorization. The Gleaner revealed last week that an SSL employee had been charged with extensive fraud at work and may have been connected to Bolt-related developments. The Gleaner was informed by the attorney for the unnamed employee that her client had spoken with SSL’s attorneys for two weeks.

Usain Bolt’s Achievements

Bolt, who owns world records in the 100, 200, and 4×100-meter relay, is regarded as one of the best track athletes of all time. In 2017, the 36-year-old retired, and he currently holds several lucrative sponsorship agreements. He earned $33 million from sponsorships, prizes, and appearance fees alone in 2016, making him by far the highest-paid track athlete in the world.

Usain Bolt’s Personal Life

Bolt was born on August 21, 1986, to parents Wellesley & Jennifer Bolt in the small Jamaican town of Sherwood Content. He has a sister named Sherine and a brother named Sadiki. In the rural area, his parents ran the neighborhood grocery store. When Bolt was a young student at Waldensia Primary, he first displayed his sprinting prowess by competing in his parish’s annual national primary school competition. By the time he was twelve years old, Bolt had established himself as the school’s top 100-meter sprinter. Bolt’s long-term partner Kasi Bennett gave birth to Olympia Lightning Bolt, the couple’s first child, on May 17, 2020. Saint Leo & Thunder are the names of the twin twins Bolt & Bennett welcomed in June 2021.

Usain Bolt’s Net Worth

Usain Bolt is a Jamaican sprinter with a $90 million fortune. Usain Bolt was the world’s fastest man and one of the highest-paid athletes at the height of his career, particularly during the Olympic years. In the years before the Olympics, Usain made $20–30 million annually. He is by far the most wealthy track & field athlete ever. As you might expect, endorsements made up the majority of his income rather than winnings from on-track competitions. Usain received his largest salary from the German shoemaker Puma, which paid him $9 million a year to wear their footwear constantly, both on and off the track. Additional contracts Usain had with Visa, Nissan, and Gatorade brought in millions for him.

FAQs

1. What is the net worth of Usain Bolt?

Ans. $90 million

2. What is the age of Usain Bolt?

Ans. 36 years old

3. When is Usain Bolt’s birthday?

Ans. August 21, 1986

4. Who is the partner Usain Bolt?

Ans. Kasi Bennett

5. Who is the daughter of Usain Bolt?

Ans. Olympia Lightning Bolt

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