Phil Mickelson has racked up some hefty playing losses, based on an article tailored from a brand new ebook on the well-known golfer.
The info comes from the upcoming biography titled Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar.
According to the article, Mickelson racked up at the least $40 million in playing losses from 2010 to 2014. The numbers had been reportedly uncovered from a federal investigation into insider buying and selling, the results of which despatched sports activities bettor Billy Walters to jail. Mickelson wasn’t charged.
“The massive scale of Mickelson’s gambling losses has never before been made public, but, as noted in the book, during the Billy Walters insider trading investigation, government auditors conducted a forensic examination of Phil’s finances,” the report mentioned.
“According to a source with direct access to the documents, Mickelson had gambling losses totaling more than $40 million in the four-year period (2010–14) that was scrutinized.”
Mickelson was arguably on the peak of his recreation throughout that timeframe, and the report estimated that the playing losses might need depleted his funds.
“In those prime earning years, his income was estimated to be just north of $40 million a year,” the article mentioned. “That’s an obscene amount of money, but once he paid his taxes (including the California tariffs he publicly railed against), he was left with, what, low-20s? Then he had to cover his plane and mansion(s), plus his agent, caddie, pilots, chef, personal trainer, swing coaches and sundry others. Throw in all the other expenses of a big life—like an actual T. Rex skull for a birthday present—and that leaves, what, $10 million?”
The report speculates that Mickelson might need been spending greater than he made.
“Per the government audit, that’s roughly how much Mickelson averaged in annual gambling losses. (And we don’t know what we don’t know.) In other words, it’s quite possible he was barely breaking even, or maybe even in the red. And Mickelson’s income dropped considerably during his winless years from 2014 to ’17.”