Theballerlife.com has learned that NFL star Michael Vick has spent nearly $30 million since filing for bankruptcy in 2008, which is nearly 95% of his total income.
As many people might think, Vick did not spend all his money on popping bottles in the club, strippers, and lavish things… the majority of it went to paying off past debts.
According to legal docs filed in his bankruptcy case, Vick made $31 million since he went belly up — that includes his Eagles salary and various endorsements and other business ventures.The math is pretty simple — Vick had to pay a total of $29.6 mil — of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.
All tolled, Vick is now left with around $1.5 mil. That’s nothing to sneeze at, but considering what he made it’s pretty shocking.
Things are looking up for the NFLer. Vick signed a 6 year, $100 million contract in 2011 … with almost $40 mil in guaranteed money, so he won’t be poor — in rich terms — for much longer.
Photo Credit: Latimes.com
