Usain Bolt may have been scammed nearly $13 million in Jamaica but that has not stopped him from donating millions of dollars to his former school to support athletic talent.
Jamaican sprint great Usain Bolt has made news in the last two years following fraud that saw him lose nearly $13 million.
Bolt was among investors who lost colossal amounts of money from a Jamaican investment scheme in early 2023 after his financial advisors discovered that $12.8 million had vanished from his account and since then, there has been little effort to recover the money.
Bolt recently spoke about how his love for Jamaica restrained him from publicly talking about the scam, as he did not want his county to be seen as a bad place for investment, but even with his country letting him down, the legendary sprinter is still standing by it.
This was evident this week when Bolt made a multi-million cash donation to his former school to help nurture athletics talent.
Jamaican sprint Usain Bolt has been in the news for the millions he lost through an investment scam but he has also made some smart business decisions.
On Wednesday March 19, it was revealed that Usain Bolt donated $2 million to his alma mater Williams Knibb Memorial High School to help the school’s track and field team ahead of the Athletics Championships.
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Bolt’s athletics career was discovered at the school, where coaches advised him to take up athletics seriously, and he heeded the advice and went on to become the greatest sprinter of all-time.
“Sprint Legend Usain Bolt @usainbolt reaffirmed his commitment to his high school Alma-mater William Knibb Memorial High School following a $2 million dollar donation toward their preparation for the upcoming Boys and Girls Championships,” Sleek Jamaica confirmed the donation with Usain Bolt also doing the same through his Instagram stories.
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Bolt has also partnered with his sponsors Puma to provide athletes at the school with sports gear, showing his love and commitment to the institution which played a large part in his transformation into a global track superstar.
In the early 2000s, Bolt had fallen in love with cricket and thought he would take up the sport but coaches at Williams Knibb Memorial High School noticed his great speed and encouraged him to take up sprinting professionally.
The advice paid off as Bolt went on to win eight Olympics gold medals and 11 world titles. Bolt remains the 100m and 200m world record holder since setting the new marks in 2009.
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Jamaican great Usain Bolt may have been used to winning on track but he has had to endure painful losses off it, going by the multi-million ventures that lost him big money.
Meanwhile, Bolt’s generosity is not just tied to his former school as a donation of six million Jamaican dollars was made to six schools to support their preparations for the 2025 Athletics Championships.
