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Neymar’s father denies bankruptcy rumours

RIO DE JANEIRO, Brazil, August 29- The father of Brazilian superstar Neymar has denied reports his son is living beyond his means with his famously lavish lifestyle.

Forbes magazine this week reported the 20-year-old was “spending his way to bankruptcy” due to his “irresponsible” spending habits.

The report claimed that in the past two years Neymar had purchased four properties – including a beachside mansion – a Porsche Panamera Turbo sports car and an eight-million-dollar luxury yacht.

Earlier this month the Brazil international striker chartered his own private jet from Stockholm to the southern Brazilian city of Florianopolis to play a match for his club Santos.

“I guarantee that the life of Neymar is well looked after,” Neymar da Silva Santos told Tribuna. “There is no way this (bankruptcy) is going to occur.”

The article claimed Neymar’s reported annual salary of 18 million US dollars was “way above reality” saying the figure was more likely around 8 million dollars per year.

Apart from his contract with Santos, Neymar has lucrative deals with at least 10 private sponsors, including global brands like Nike, Volkswagen, Panasonic, Red Bull and Santander.

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  1. Skip

    August 29, 2012 at 12:12 pm

    It was irresponsible reporting by Forbes, they don’t have access to all his funds and I would bet they didn’t count his Brazilian endorsements. Not to mention, he is wanted by every big club in Europe where he could sign for 20 to 30 million a year easily. So do you really think he would leave 12 to 22 million sitting on the table. No, he jump at the chance and the reason he doesn’t is because he makes around 21 million already, which has been confirmed by several other media outlets. Forbes needs to stick to telling people how to retire and not cover sports.

  2. JimBean

    September 2, 2012 at 8:55 pm

    actually thats not true at all… people always drop these numbers but never take taxes into consideration.. if u pull in 20 mil a year, after taxes its more like 11 or 12 tops.. I would say neymar makes about 10-12 mil a year, theres no way he is making over 20 mil with his Santos salary and endorsements.. its not like he is playing for a European team yet.

  3. Bill

    September 2, 2012 at 8:59 pm

    again “NET WORTH” is not your actual worth, it does NOT include taxes and other fees like managerial costs, legal costs, financial advisement costs, agent costs, lifestyle costs like insurance and household utilities… those are astronomical costs when u lead a life like neymar, and on top of all that Neymar is known to pay a huge entourage and treats all these people on his salary… This article is not all that unlikely as soo many young sports stars that come from the ghetto and meager backgrounds have this happen to them.

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