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Riddick Bowe Bankruptcy

Riddick Bowe is a two time world title champion boxer.  Bowe has been boxing for several years, but quit at only 29. When Riddick retired, his net worth was around $15 million. He spent almost all of it on a total of 10 houses, 26 cars, multiple furs and diamonds, and the accommodations and monthly allowances for his large family.

 

What brought Bowe bankruptcy was an extremely expensive divorce. He states now that he doesn’t make or have as much money as he used to, but says he gets by everyday just fine.

 

Though his fortune disappeared, Mr. Bowe said he earns public appearances and still has three homes: one in New York, one in New Jersey, and one in Florida, where he spends most of his time with his wife and daughter.