{"id":1546605,"date":"2023-01-18T15:29:26","date_gmt":"2023-01-18T20:29:26","guid":{"rendered":"https:\/\/sports7.us\/?p=1546605"},"modified":"2023-01-24T13:57:48","modified_gmt":"2023-01-24T18:57:48","slug":"usain-bolt-12-7-million-vanish-bank-account-threatening-sue-returned-10-days","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/usain-bolt-12-7-million-vanish-bank-account-threatening-sue-returned-10-days\/","title":{"rendered":"Usain Bolt Watched $12.7 Million Vanish From His Bank Account, Now He's Threatening to Sue if It Isn't Returned in 10 Days"},"content":{"rendered":"\n

Usain Bolt<\/a> is the most accomplished sprinter in the history of the Olympic Games, and he's also the highest-paid track and field athlete of all time. The Jamaican speedster earned close to $30 million per year while he was competing in the Olympics<\/a>. Despite retiring from competition in 2017, he still earns tens of millions of dollars annually from endorsements, and he has a net worth of $90 million.<\/p>\n\n\n\n

But in January of 2023, Bolt watched $12.7 million of his fortune disappear from one of his bank accounts with a Jamaican investment firm. The former sprinter is giving the firm 10 days to return the money, or else he'll be taking them to court.<\/p>\n\n\n\n

Usain Bolt watched $12.7 million vanish from his bank account<\/h2>\n\n\n\n
\"Usain
Usain Bolt speaks during a press conference at the 2018 Gold Coast Commonwealth Games | FRANCOIS-XAVIER MARIT\/AFP via Getty Images<\/figcaption><\/figure>\n\n\n\n

Besides being considered the fastest man to ever live, Bolt has also built up a reputation as a savvy businessman. The 36-year-old earned $30 million per year in endorsements during his prime, per Forbes<\/a>, and he held more than a dozen sponsors.<\/p>\n\n\n\n

Bolt also co-founded Bolt Mobility, an electric vehicle company, in 2018, and he opened up his own restaurant, Usain Bolt's Tracks and Records, at multiple locations in his home country of Jamaica. Ever since becoming rich and famous, the 100m world record holder has made an effort to give back to Jamaica and support its local companies.<\/p>\n\n\n\n

That's why Bolt decided to place $12.7 million in Jamaican investment firm Stocks and Securities Ltd (SSL). But in the middle of January, his account dwindled down to $12,000 out of nowhere, according to Reuters (h\/t Yahoo Finance<\/a>). The account was meant to serve as a pension for Bolt and his parents.<\/p>\n\n\n\n

On Jan. 12, SSL said in a statement that it became aware of recent fraudulent activity committed by a former employer and started taking steps to secure its customer's assets. Bolt happened to be one of the victims of the widespread fraud, and he wants restitution.<\/p>\n\n\n\n

Usain Bolt is threatening to sue if his money doesn't return in 10 days<\/h2>\n\n\n\n
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A time to keep \u2026\u2026. and a time to speak; A time of war, and a time of \u2026..<\/p>— Usain St. Leo Bolt (@usainbolt) January 18, 2023<\/a><\/blockquote>