Former Tennis Star Says She is Now Broke After Her Parents’ Financial Mismanagement of $ 60 Million

Arantxa Sanchez Vicario earned over $60 million in the 1990s from tennis earnings and endorsements. The former tennis star says she now has nothing left of her fortune as a result of her mother and father’s financial mismanagement of the money.

Sanchez Vicario claims her father gave her an allowance during her career, and she wrongfully assumed he was investing the rest of her money. In her new autobiography, Sanchez Vicario says “My parents left me with nothing and now I am indebted to the [tax authorities] and I will not be quiet. My properties are worth a lot less than those of my brother Javier, who has earned a lot less than me. […] I never questioned the way my father managed my money. I have been a victim, I was duped.”

See Chris Chase, Sanchez Vicario Says She Has Nothing Left From $60 Million in Career Earnings, Yahoo! Sports, Feb. 8, 2013.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.