Amir Khan lost £5m through ‘silly investments’ but got back on track due to wife

Amir Khan has revealed how he lost £5million through “silly investments” but bounced back thanks to his wife.

The boxer, 35, was one of Britain’s biggest sports stars in the noughties and early 2010s, where he became the unified light-welterweight champion of the world. His early success threw him into the limelight with various endorsements and eventually earned him millions of pounds in fight money.

But the Bolton-native has opened up about his recklessness with money in 2016, just after the peak of his powers. Speaking on The Overlap, Khan admitted he was suffering from an injury, which coupled with his failed investments led to serious mental health struggles.

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He said: “Mental health is a very big thing and it’s good that people start talking about it, because mental health problems have happened to the best of us, like Tyson Fury and other fighters.

“I’ve had massive [mental health] problems. Back in 2016, I had a big fallout with my wife. I didn’t box – two years out the ring, put on weight, and was not happy with myself. I don’t know what it was – I had a hand operation, and I went back to training, and it was still hurting me. I had to get another operation on it, and another one – I had three operations on it before it was alright. I really thought that I was never going to fight again.

“That put me on a downer, knowing that I’m at the peak of my career, but I can’t fight. At that time, I made some silly investments which were not paying me back. I’m thinking, how am I going to live my life?”

Khan and Faryal Makhdoom married in 2013, but separated in 2017 in a public spat before reconciling again later that year. He went on to cite his wife as a key figure in preventing similar financial mistakes in his business ventures, having previously set up a shisha bar, restaurants and a coffee shop.

The retired boxer said: “I lost £5m through different investments, which was at the same time as my hand operation, so you can imagine the spiral I was heading into – I'd lost a load of money and I couldn’t box because of my hand.

“I built a wedding hall in Bolton, which cost around £12m. Someone took advantage of me whilst I was boxing and in training camp and caught me at a time when I kept saying yes to everything. What helped me was getting my wife involved as she started to scrutinise every little detail.

“I had fallen out with everyone at that time – I didn’t have my family around me, no manager and no one to support me.”

Luckily for Khan, his wealth has not suffered in the long term. He is believed to be worth around £34m as of 2022, with £5m coming from his defeat to bitter rival Kell Brook alone earlier this year.

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