TENNIS ace Boris Becker is battling bankruptcy by claiming diplomatic immunity as an ambassador to the Central African Republic. The German, once reputedly worth £160m, stunned the world in 1985 when he became the youngest player to win Wimbledon at 17. How much does former tennis ace Boris Becker owe? Becker was ruled unable to pay a debt to bankers Arbuthnot Latham & Co during a High Court hearing in London in June 2017. Lawyers for the Wimbledon winner pleaded with a Bankruptcy Court registrar for "a last chance" to pay back the long-standing debt. They argued Becker would be able to pay off the debt by remortgaging his holiday home in Mallorca to raise £5.26million. But registrar Christine Derrett claimed there was a lack of credible evidence that the debt would be paid off in the near future. She said: "One has the impression of a man with his head in the sand." Later reports claimed the tennis star could owe as much as £54m despite his … [Read more...] about Boris Becker bankruptcy – how much does he owe, why has he been declared bankrupt and what’s his net worth?
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THE President of the United States is the world's most publicised and colourful billionaire. Here's the lowdown on all things Trump - where he grew up, his net worth and what happened to his businesses. Where did Donald Trump grow up and was his family wealthy? Donald Trump was born on June 14, 1946, the fourth child of real estate tycoon Fred Trump. The Trump family was wealthy and lived in a mansion in the Queens area of New York. As a 13-year-old, Donald was sent to a military academy after he started misbehaving at school. Now 71, he boasts that he made money "the good old-fashioned way" but he first got into real estate with a "small" $1million loan from his father and helped manage the family's housing portfolio in the New York area. He took control of the company in 1971 and renamed it the Trump Organisation - shifting from residential sales in Brooklyn and Queens to swanky projects in Manhattan. The company transformed the rundown Commodore Hotel into the Grand Hyatt before … [Read more...] about How old is Donald Trump, what’s his net worth, who is his wife Melania and how many children does he have?
Donna peered out through the hospital doors, leaning on her crutches as her eyes scanned impatiently for her son Keith. He’d just nipped out to bring the car round, so that she wouldn’t have to walk too far on her recently operated knee. But he’d been gone for what seemed like an age, and a strange worry had begun to creep over her. "I’ll go and see where he’s got to," Donna said over her shoulder to her elderly mother-in-law, who was also starting to fret. As she hopped towards the exit, she saw a sight that would shatter her life forever – Keith was pinned to the floor of the car park, Moving as quickly as her crutches would allow, Donna made her way over to where her son lay, face down on the concrete. "I just kept asking, 'What’s happening? Why are you doing this to Frantic with worry, Donna waited several agonising hours with no idea what Keith had been accused of. It wasn’t until she turned on the news that she found out just … [Read more...] about Woman went to extraordinary lengths to try to save son from death row
Growing numbers of small subprime auto lenders are closing or shutting down after loan losses and slim margins spur banks and private equity owners to cut off funding.Summit Financial Corp., a Plantation, Florida-based subprime car finance company, filed for bankruptcy late last month after lenders including Bank of America Corp. said it had misreported losses from soured loans. And a creditor to Spring Tree Lending, an Atlanta-based subprime auto lender, filed to force the company into bankruptcy last week, after a separate group of investors accused the company of fraud. Private equity-backed Pelican Auto Finance, which specialized in “deep subprime” borrowers, finished winding down last month after seeing its profit margins shrink.The pain among smaller lenders has parallels with the subprime mortgage crisis last decade, when the demise of finance companies like Ownit Mortgage and Sebring Capital Partners were a harbinger that bigger losses for the financial system were … [Read more...] about Smaller Subprime Auto Lenders Are Starting to Fold
To report corrections & clarifications, contact: Please indicate whether you're responding to content online or in the newspaper. The following corrections & clarifications have been published on stories produced by USA TODAY's newsroom: April 2018 News: A previous version of this story misstated Elliot Rodger's weapons. He used both a knife and a gun. https://www.usatoday.com/story/news/2017/03/31/masculinity-traditional-toxic-trump-mens-rights/99830694/ Video: A previous version of this video misstated the number of Americans living with unhealthful levels of pollution. https://www.usatoday.com/media/cinematic/video/33952141/8-of-americas-10-most-ozone-polluted-cities-are-in-this-state/ Opinion: Because of an editing error, a headline in an earlier version of this column incorrectly described Amy Wax's job status. https://www.usatoday.com/story/opinion/2018/04/20/black-students-law-school-amy-wax-column/510510002/ … [Read more...] about Corrections & Clarifications