Usain Bolt explains how he would have used his lost funds.
Legendary Jamaican sprinter Usain Bolt continues to demand for justice amidst the ongoing legal battle regarding his $12.7 million that has turned dramatic lately.
The 11-time world champion is yet to recover his lost funds amidst the twists and turns in the ongoing fraud case.
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Three athletes have risen to the challenge, breaking Usain Bolt’s records and signaling a new era of speed in track and field.
In 2023, Usain Bolt expressed his frustration regarding the $12.7 million fraud that depleted his hard-earned savings. The sprinter, reflecting on the financial loss, spoke of his three children and parents, emphasizing the responsibilities that weighed on him.
At the same time, Bolt, a three-time Olympic 100m champion, explained that his savings were meant to support his family, ensuring a stable future for his children and continued care for his parents. Reflecting on the incident, Bolt told Sportskeeda: “It was for my future. Everybody knows I have three kids. I’m still looking out for my parents, and I still want to live very well.”
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Bolt became a victim of financial fraud involving Stocks and Securities Limited (SSL) and a Kingston-based firm. In January 2023, he discovered that $12.8 million was missing from his account. He is among 200 investors who have been affected by the massive fraud.
Despite the busy schedule that has characterized the sprinter in recent months, the 38-year-old, reflecting on his busy schedule, took a moment to prioritize self-care and mediation, stepping away from his routine. He shared a glimpse of his downtime on social media.
Bolt dominated Olympic sprinting across three Games, securing multiple gold medals. He swept the 100m, 200m, and 4x100m relay at both the 2016 Rio and 2012 London Olympics.
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His Olympic breakthrough occurred in Beijing in 2008, where he won gold in the 100m and 200m events. However, Jamaica lost the the relay title due to a team member’s doping violation. Bolt retired from competitive athletics after the 2017 World Championships.
He is the most successful male athlete of the World Championships. Bolt is the first athlete to win four World Championship titles in the 200m and is one of the most successful in the 100m with three titles, being the first person to run sub-9.7s and sub-9.6s races.
He has twice broken the 200 metres world record, setting 19.30 in 2008 and 19.19 in 2009.