INSIDE EDITION sat down with NBA star Antoine Walker to find out how he managed to lose his entire $110 million fortune.
As unbelievable as it sounds, Antoine Walker had a $110 million fortune, and blew right through it.
Walker amassed a staggering fortune during his 14 years as a star forward for the Boston Celtics and the Miami Heat basketball teams.
A self-professed "mama's boy," Walker spent $4 million building a gorgeous mansion for his mom, Diane, outside his hometown of Chicago. No expense was spared, right down to the "W" for Walker in the driveway. Of course, Walker had to buy a few fancy cars to go with it.
INSIDE EDITION's Victoria Rencano asked Walker, "How do you go through $100 million?"
"I usually had three or four cars. I was a big Mercedes guy," said Walker.
He also had a passion for Rolex watches—some costing $200,000 a piece.
"I loved watches. I spent a lot of money on watches," he said.
The 6-foot 9-inches Walker towers over mere mortals, and part of the reason he went broke is because this big man had big dreams.
He poured a chunk of his fortune into a development effort aimed at revitalizing the rough South Side of Chicago where he grew up, and where he's still a hero.
He bought millions of dollars worth of property. Then came The Great Recession, the collapse of the real estate market in 2008, and with it, the end of Walker's fortune.
The mansion that Walker built for his mother now sits empty, and it's up for sale. It boasts a high-end kitchen where mom once cooked meals, and a home theater where the NBA star used to watch movies with his buddies.
The home also has a pool room in the indoor pool area, with it's own kitchen.
Walker paid $4.1 million for the spectacular home, but it's now on the market for less than half that, just $1.7 million.
He's filed for personal bankruptcy and had to come out of retirement to play in the minor league to make ends meet.
Incredibly, after blowing more than $100 million, he remains optimistic.
"I look at it as a new beginning. Life is good. You just got to move on. Move forward," said Walker.
