Its all out now!
Terrell Owens is all alone these days. The former NFL receiver was at the height of his career but after suffering a torn ACL last year his career and personal life started to quickly crumble and his 80 million dollar fortune is gone. That’s right! T.O. blew 80 million dollars and is now broke.
The NFL star confirmed that he was broke during an interview with GQ magazine now T.O is speaking out and says that he wants young athletes to learn from his mistakes and take a personal account in monitoring and overseeing their financial matters. T.O. says “I WAS IGNORANT” being a celebrity and a star athlete T.O. says he just assumed that something like this would never happen to him but it did.
Watch the full interview below:
As for his friends Kita and Mo, T.O. advices youth to listen to their parents and trust no one. T.O. says that you can’t trust close friends and or employers to have your back and reveals that ‘Friends Are Really Not Your Friends’ .
Watch the full interview here:
Let this be a very valuable lesson for all my young plum stars out there. While many people were pleasant shocked by the news, some people were happy to see T.O’s rise and fall. Fame, Celebrity and Money has the power to change one’s entire lifestyle and we all know the more money you have the more expenses you encounter. I’m sure many of us wish we had 80 million dollars but we all are wondering How in the hell did T.O. blow 80 million dollars? I can provide a simple breakdown of how a millionaire can lose his/her millions very quickly in a short span of time.
Their Lifestyle!
Million Dollar homes. The average millionaire may have one main home, a vacation home, their parents home, and a possible bachelor pad for friends which are paid for by the celebrity aka millionaire in this case. Now a house comes with more expenses and depending on the size of the home you can easily rack up a million dollar bill monthly for the in-house cleaning maids, chefs, security guards, property maintenance (pool, tennis court, basketball court, etc).
Day to Day expenses. Personal Bodyguards and Assistants, thousand dollar clothing items (Gucci, Louis Vuitton, YSL , jewelry (10k ring, 50k watch), travel (first class, and hotel expenses), restaurant splurges (Lomein at Mr.Chow’s can cost you 1,000.00
NOW ADD A FEMALE TO THIS EQUATION AND YOU HAVE ALREADY DOUBLED YOUR EXPENSES!
Terell has four children by four different women, he provides for his entire family as shown on his reality show and had two publicists who along with T.O benefited from T.O’s lavish lifestyle and what does he have to show for it today, NOTHING!!
Word to the wise people!. Do Better and Live Responsibly!