The Fortunate 50!

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Tiger still on top of the list of highest paid athletes!

You can’t stop them — you can only hope to re-sign them. Extracurricular scandals, contract holdouts and ugly labor negotiations seem to have rocked professional sports more than any other point in recent memory. And yet financially, athletes seem nearly bulletproof.

For the seventh consecutive year, SI.com has compiled a list of the 50 top-earning American athletes by salary, winnings, endorsements and appearance fees. The average earnings of those on the list have reached an all-time high of $26.2 million (up 11 percent from ’09).

In a year in which Tiger Woods’ image has been forever tarnished — costing the perennial No. 1 tens of millions in endorsement dollars — he still stayed ahead of the curve. Tiger’s earnings were down more than $9 million from a year ago, but he still earned nearly $30 million more than the No. 2 athlete, fellow golfer Phil Mickelson.

Read the full article at SI.com

The Tax Man Cometh! (again)

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Swizz Beatz Owes $2.2 Million In Back Taxes

Seriously, I’m opening up an office in NY or ATL and I’ll make it my personal mission to make sure that these guys stay out of trouble like this (and out of the tabloids)!

According to reports, SB owes $2.2 million in back taxes to the state of NY.

What’s owed:

  • The IRS filed a $652,727 lien against Swizz Beatz, real name Kasseem Dean, on June 3 with the Rockland County (N.Y.) Clerk. According to the lien, which you can see here, he owes income taxes from 2008.
  • The state of New York filed a $162,300 tax warrant against Dean and his ex-wife Feb. 4, 2009, with the New York County Clerk.
  • The IRS filed a $556,986 lien against Dean and his ex-wife on Aug. 18, 2008, in Rockland County. They owe 2007 income taxes, according to this public record.
  • The IRS filed an $842,645 lien against Dean and his ex-wife March 4, 2008, with the Somerset County (N.J.) Clerk. According to this lien, they owe income taxes from 2006.
I’m thinking that Alicia might want this cleared up before the wedding.
Now, anyone know a good realtor in Buckhead?

Till Debt Do Us Part

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Even though the economy is still rocky, folks are definitely still tying the knot. Here’s how to do a little financial planning for your big day.

Veteran NFL QB Brunnell to File for Bankruptcy

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Brunell expected to file for Chapter 11 Bankruptcy protection despite making $52 million during the last 10 seasons.

Brunell faces multiple lawsuits because of failed real estate and business loans, according to the Florida Times-Union. One of those includes a loan to a partnership called Champion LLC, which included Brunell’s former teammates in Jacksonville, Joel Smeenge and Todd Fordham.

The three-time Pro Bowler also has a dispute in Jacksonville over a $2.2 million loan for a real estate project. He won a Super Bowl ring as the New Orleans Saints’ backup QB last season, and is an unrestricted free agent.

See the full story here.

Luxury For Less

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[youtube=http://www.youtube.com/watch?v=xngLXj3E34s]

The Sex and the City 2 movie has women everywhere going crazy over fashion, cars and exotic locations. Want to live the life of luxury like those girls without breaking the bank? Here’s how:

If you’d like your exclusive invitation to the sites mentioned in the segment, here you go!

http://www.gilt.com/invite/robwilsontv

http://www.beyondtherack.com/member/invite/B1B57639

http://www.ideeli.com/invite/robwilsontv

http://www.jetsetter.com/invite/robwilsontv

http://www.ruelala.com/invite/robwilsontv

Ladies First

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March was Women’s History Month so I thought that it might be a good time to discuss the unique challenges that women face when it comes to money.

One of the biggest issues is that women tend to live longer than men.  Some might say that’s because women worry men to death…but you didn’t hear that from me.

Ex-NBA star Derrick Coleman made $87 million, now files bankruptcy

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Former #1 overall draft pick says he owes creditors nearly $4.7 million.

According to the Wall Street Journal . . .The ex-Syracuse University standout and 1991 NBA Rookie of the Year earned tens of millions during a 15-year playing career but listed assets of just $1 million in papers filed with the U.S. Bankruptcy Court in Detroit, Coleman’s hometown.

Coleman’s desire to invest in the Detroit area after his playing career ended contributed to his financial problems, Coleman’s bankruptcy attorney Mark B. Berke said Friday.

Among Coleman’s ventures is a struggling Detroit development called Coleman’s Corner, an attempt to revive one of the city’s most downtrodden neighborhoods. Coleman defaulted on loans related to the mall last year.

Colemen’s other business interests include ownership stakes in the Hilton Garden Suites hotel in downtown Detroit, a Tim Hortons Inc. doughnut shop franchise and Hungry Howie’s Pizza store, according to court papers.

Among the assets that could be available for creditors is an eclectic mix of automobiles: a 1957 Buick convertible, worth $20,000; a 1970 Chevrolet Nova, worth $5,000; and a 1997 Bentley convertible, valued at $50,000.

Coleman also listed two Seadoo watercraft, his $90,000 NBA pension and two chinchilla fur coats.

Read the full story here.

It’s All About the Benjis!

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Forget the Oscars, it’s all about the Benjis!  Yes, no one invited me to the red carpet this year, so I made up my own awards to celebrate the one year anniversary of the market hitting is lowest level since 1996 and then recovering. Check out who wins “Best Director” and “Best Performance”.