JESSE OWENS BANKRUPT
ASSETS £400; LIABILITIES £l6OO. Admirers of Jesse Owens will he 'sorry to hear that ho has been forced i into bankruptcy. Liabilities were listed at a little over . £l6op and assets around £4OO. Al- | though the .1936 Olympic triple winner has a position with a distillery ' firm, he finds he is unable to meet his debts, and reluctantly had to de- , dare himself insolvent. This incident indicates quite plainly ; that while Jesse was one of the great- ' est track athletes (if not the greatest) ; of all time, he is a poor business man. Also, it points out once again that a 1 champion runner can earn more money in America by remaining an ( amateur, if he knows the right busi- . ness angle. I For instance, one of America s pre- ! sent great amateur runners comes [ from a poor family, and started hi.». i teaching career or,ly last year. Yet he I was taxed in 1938 by the United States Government on an income of , more than £6OOO. A famous American I woman tennis star has paid income ■ lax on £5600 for the last 10 years.
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Bibliographic details
Wanganui Chronicle, Volume 83, Issue 159, 8 July 1939, Page 4
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188JESSE OWENS BANKRUPT Wanganui Chronicle, Volume 83, Issue 159, 8 July 1939, Page 4
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