Michael Vick Spent How Much Money???
( 4UMF NEWS ) Michael Vick Spent How Much Money:
Michael Vick has blown through nearly $30 million since filing for bankruptcy in 2008, nearly 95% of his total income.
According to legal docs filed in his bankruptcy case, Vick made $31 million since he went belly up and that includes his Eagles salary and various endorsements and other business ventures.
Vick had to pay a total of $29.6 million. 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.