Everyone gets blamed but the boxer themselves. Yawn.
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[Shocking] Tommy Hearns has a net worth of $50,000
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Fighters blow money, heck, people blow money. Do you know how many lottery winners end up broke after a couple years.
Steward was a trainer that cared for his fighters like family. I doubt he would do anything wrong to them.
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This doesn't mean that he's poor. Net worth is basically assets minus your liabilities. If you're paying your bills then you can even be in the negative in terms of your assets. He could have a fund where he only gets a certain amount a year to last the rest of his life, who knows. As far as Steward, I don't speak on the dead. Armchairs shouldn't either.
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He has no one to blame but himself. Look at Floyd and manny for example both had tax issues. Look at Floyd burning through money with ****** purchases. They get used to the lifestyle they had when they were active. It sucks to see any athlete who made tens of millions end up like this but the vast majority of boxers do. He has a name so hopefully he gets some help with how to turn that $50k into $500 k
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Originally posted by lparm View PostHow the hell did this happen?
Clearly Manny Stewart was taking millions from him and milking him for far too much. It's disgusting one of the greatest 147lbers ever is worth as much as the average middle class American when he made tens of millions in his career.
Try not to speak ill of the dead but **** Stewart for stealing from the Hit Man.
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Originally posted by lparm View PostHearns reportedly made $11 million for the SRL rematch and Stewart got a healthy cut as both trainer and manager.
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''I'm very sad today, but I'm going to fulfil my obligations to the IRS," he told the newspaper. "Some of my robes were from my fights with Leonard and Duran and Hagler. I have to do what I can. They (the IRS) have been very good to me. This will turn out all right. When you owe, you must pay."
The auction - which included gloves, trophies, championship belts, household furnishings and vehicles - put a big dent in his debt. And it gave Hearns, who earned an estimated $40 million en route to being named by The Ring as the greatest junior middleweight in boxing history, a new lease on life.
Saviour
"I made a lot of money, but as a man who had a large family, people looked at me as their saviour," he said.
"I tried to help them by giving. It didn't stop. I'm the big brother - I give and give. But I learned my lesson. Of course, when it's time for people to give back to you, they're long gone."
~quoted form some other boxing site
''Thomas Hearns: An All Too Familiar Story''
no mention of him being ripped off (unless it was his own family).
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