Félix Trinidadknown for his nickname “Tito”, was one of the most iconic boxers of the 90sdominating the category of Welter weight and winning the respect and admiration of fans worldwide. Throughout his career, he accumulated a considerable fortune thanks to his victories in the ring, being one of the most outstanding figures of world boxing. Despite this, what seemed to be a successful life became a story of tragic losses after his retirement.
Once he hung the gloves in 2008, the Puerto Rican faced an unexpected turn in his life. Despite having about 63 million dollars in your account, He was a victim of financial fraud that led him to bankruptcy. Badly managed investments, inappropriate advice and a series of bad decisions led him to lose almost all his fortune.
The rise of “Tito” Trinidad: The King of Welter weight in the 90s
Félix Trinidad, born in Puerto Rico on January 10, 1973, began to show his pugilistic talent from a young age. His skill and charism Star in the 90swhen he became one of the most acclaimed boxers of his time.
In 1993, “Tito” reached its first great achievement: it was crowned World Champion in the FIB Welter weight categorya belt that successfully defended for almost eight years. This title consolidated him as one of the most important pugilists of his time. However, his greatest victory came in 1999, when He faced Óscar de la Hoya in a historic fight. The Puerto Rican defeated the “Golden Boy” And he did with him CMB belt, demonstrating his supremacy in the division.
With an impressive streak of victories, Trinidad became a reference for world boxing. His aggressive style and his ability to connect devastating blows was made by one of the most feared boxers in his weight. But despite his successes in the ring, the future of his career outside him would take an unexpected course.
What reasons baked him
After his Boxing withdrawal in 2008Félix Trinidad seemed to be destined to enjoy a luxury life thanks to the fortune he accumulated during his career. However, its financial history took a dramatic turn. Instead of living without worries, the former Puerto Rican He was involved in a series of frauds that led him to lose almost all his wealth.
In 2008, Trinidad had approximately 63 million dollars in his account. However, A financial advisor named José Pepe Ramos convinced him to invest in funds linked to the Government of Puerto Rico. The investment, associated with the Government Bank for Development and Credits of the Associated State (ELA), turned out to be A financial disaster.
Tito Trinidad-2.Avif
According to reports, Investment fund withdrawal systems suffered significant degradationwhich caused millionaire losses. Although the Puerto Rican had not approved the transactions made, the financial consultant made decisions about his money without his consent. As a result, “Tito” lost much of his fortune. The situation got worse when it was discovered that He had debts for an amount three times higher than what the expert left him.
This fraud resulted in a legal battle for the former Boxer, who submitted a request for interdiction before the Court of First Instance of San Juan. The sad irony of Trinidad’s history is that, after having earned millions of dollars in the ring, He ended up being a victim of scams that left him bankruptsomething that seemed unthinkable in its peak.
Today, Félix Trinidad’s legacy as one of the best boxers of his time remains intact in the memory of sport fans, but his economic fall is presented as a warning about the risks that many athletes face at the end of their careers.
Source: Ambito
