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A tale of contrasting fortunes

All in all, the two stars met 35 times between 1984 and 1996. Although Becker won the majority of their matches (25-10), Edberg prevailed in three of their four Grand Slam meetings. And, as the two men clocked up six major singles titles each, they amassed fortunes. In on-court winnings alone, Becker earned £20million, Edberg £15m. Despite being set up for life, Becker was recently declared bankrupt for owing more than £3million to a private bank, Arbuthnot Latham. It is an undignified situation for a man who won Wimbledon as an unseeded 17-year-old in 1985 — the youngest man to claim the title.

Since retiring from tennis 21 years ago, Stefan Edberg has become deeply involved in asset management — building a second fortune estimated at £50m by the Swedish magazine Idrottens Affarer six years ago. Edberg's main source of fresh income is as joint owner and director of an award-winning company called Case, which manages equity portfolios. He is also the company's front man as well as spending some 20 hours a week on his own shares. Edberg set up Case with former hedge-fund managers Bo Pettersson and Fredrik Svensson in 2004, and the company now has more than £500m worth of assets under its control. He speaks daily to his senior staff and attends board meetings in Stockholm.



Submitted July 05, 2020 at 12:24AM by cricketindex https://ift.tt/2NThHRn

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