Usain Bolt Net Worth 2023: More on how he lost millions in fund fraud

Usain Bolt is the second person after American swimmer Michael Phelps having 19 Guinness World Records in his name.

He is the man who won the maximum number of gold medals in the IAAF Athletics World Championships.

He is one of the richest athletes in the world with his net worth of $90 million.

Usain Bolt is considered as one of the greatest sprinters of all time and the numerous records held in his name totally justify this belief.

Retired from the track after the 2017 World Championships, Bolt is the world record holder in the 100 meters, 200 meters, and 4 × 100 meters relay.

An eleven-time World Champion and eight-time Olympic gold medalist (excluding one that was vacated when his Jamaican relay mate failed a drug test), Bolt is also the most successful male athlete of the World Championships. Counted among the richest olympians in the world, Bolt’s net worth in 2023 is estimated to be around $90 million.

Recently, some fraudulent activities were reported against the wealth management company Stocks and Securities Limited where Bolt has reportedly lost around $13 million. For more details on the matter and the athlete, keep reading the article.

Usain Bolt Net Worth 2023 with Salary Details

After retiring from the tracks, Bolt has become a marketing juggernaut with more than a dozen sponsors. His biggest deal is currently with Puma. Bolt also owns multiple Track & Records restaurants in Jamaica. Accumulated from various sources, Bolt’s total net worth stands somewhere around $90 million.

Usain Bolt Personal Biography

Usain Bolt was born on 21 August 1986, in Sherwood Content, Jamaica to Jennifer and Wellesley Bolt. He has a brother and a sister. Bolt’s parents ran a local grocery store in a rural area and he spent most of his time playing in the street with his brother. Bolt began showing his sprint potential while attending primary school.

Bolt has been dating Kasi Bennett for quite some time now and the couple welcomed their first child, a daughter in 2020. in 2021, they were blessed with twin boys.

Early Career

Bolt had become the fastest runner in his school in over the 100 meters distance. He won his first annual high school championships medal in 2001 where he won the silver medal in the 200 meters. With his limitless potential, Bolt turned professional in 2004 and his first professional participation was in the CARIFTA Games in Bermuda. Following a series of bad luck and injury, Bolt was not able to leave his mark on the world yet.Finally, in 2008, Bolt took Olympics by the storm by winning gold medals in both the 100m and 200m sprint.

Also check: Richest NBA Players in the world

Records held by Bolt

From 100 meters to relay race, Bolt holds many records in his name. Check them out.

Guinness World Records

In addition to the above-mentioned records, Bolt has been recorded in the Guinness Book of World Records for more than 10 records.

1. Most medals/ gold medals won at the IAAF Athletics World Championships
2. Most Athletics World Championships Men’s 200 m wins
3. Most consecutive Olympic gold medals won in 100 meters/ 200 meters
4. Most Olympic men’s 200 meters Gold medals
5. Most Men’s IAAF World Athlete of Year Trophies
6. Most competitive 100 m sprint races completed in sub 10 seconds
7. Most wins of the 100 m sprint at the Olympic Games
8. Most Athletics World Championships Men’s 100 m wins
9. First Olympic track sprint triple-double
10. Highest annual earnings for a track athlete

Usain Bolt in Wealth Management Fraud

Bolt was reportedly caught up in a large employee fraud scheme that resulted in stolen funds from a wealth management company, Stocks and Securities Limited (SSL). The firm has acknowledged the fraud in a statement saying that it became “aware of fraudulent activity by a former employee of the company”. Bolt’s team was informed of the fraud just before it becoming a public knowledge. Jamaica’s Financial Services Commission is investigating the private equity firm but it is currently unclear if or how people will get their money back.

CHeck: Richest Football Players in the World

Forbes Lists

Forbes has featured Bolt three times in their list, namely:

• #45 The World’s Highest-Paid Athletes (2018)
• #88 Celebrity 100 (2017)
• 30 Under 30 – Sports (2013)

Contact Details

Frequently Asked Questions