The former tennis world champion was once worth an estimated £38m — about £100m in today’s money — that he earned from prize winnings and sponsorships. He went on to coach tennis star Novak Djokovic after his retirement in 1999. Becker, now 54, had also turned his hand to a career in poker, tennis punditry, and business.
In an interview in 2012, he said: “I had won so much by [the age of] 22: a number of Wimbledon titles, US Open, Davis Cup, World number one. You look for the next big thing and that isn’t in tennis.”
But his retirement marked the start of his financial woes. His earnings plunged while he continued living a lavish lifestyle, paying school fees for his children, and sending cash to his ex-wives.
In 2017, he was declared bankrupt by the Bankruptcy and Companies Court in London over an unpaid loan of €4.6m (£3.5m) – from British private bank Arbuthnot Latham – that he had taken out in 2013 for a property in Mallorca, Spain.
He was also unable to fully repay £1.2m, with a 25 per cent interest rate, that he borrowed in 2014 from British businessman John Caudwell, who founded Phones 4u. Earlier this year, the six-time Grand Slam champion told a jury at Southwark Crown Court that he was “shocked” and “embarrassed” when he was declared bankrupt.
During the bankruptcy trial, the court also heard he owed Swiss authorities five million francs (£4m) and separately just under €1m in liabilities over a 2002 conviction for tax evasion and attempted tax evasion in Germany. Becker was accused of hiding assets and transactions worth more than £4.5m – including a number of trophies, such as the one he won during the 1985 match that had catapulted him to stardom.
Becker denied knowing the whereabouts of the memorabilia. He was acquitted of 20 charges, including nine counts of failing to hand over the trophies and medals from his tennis career. But, on 8 April 2022, he was convicted of four charges – including removal of property, two counts of failing to disclose estate and concealing debt.
He was found guilty of transferring £356,000 to nine recipients, including the accounts of his ex-wife Barbara and estranged wife Sharlely ‘Lilly’ Becker. Becker was also convicted of failing to declare a property in Germany, hiding a bank loan of almost £700,000, and his shares in a tech firm. On Friday, he was jailed for two years, six months for those crimes.
Becker said bad publicity had damaged his brand and that made it difficult for him to make enough money to pay his debts. His barrister Jonathan Laidlaw QC said at the time of his bankruptcy that Becker was too “trusting and reliant” on his advisers.
Previously, Becker told a jury his income “reduced dramatically” after his retirement and said his career earnings were swallowed up by an expensive divorce in 2001 from his first wife Barbara, child maintenance payments, and “expensive lifestyle commitments”, including his £22,000-a-month rented house in Wimbledon, south-west London. He said he also had to support his daughter Anna Ermakova and her mother Angela Ermakova, in a deal which included a £2.5m Chelsea flat.
Becker’s daughter was conceived during his infamous encounter with Russian model Ms Ermakova in a broom cupboard at upmarket London restaurant Nobu in 1999. Ms Ermakova initially launched a paternity lawsuit against the player but he eventually accepted he was the child’s father and agreed to pay a “generous” financial settlement.
Speaking of his financial downfall, he told jurors his image was no longer good and “brand Becker” was not regarded as highly as it once was as companies “didn’t want to be associated with a brand that was criticised in the media”. “(It is) very difficult when you are bankrupt and in the headlines every week for it. (It is) very difficult to make a lot of money with my name,” he said.
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