Bam Margera, the American professional skateboarder, television personality, filmmaker, and stunt performer, has had a rollercoaster ride when it comes to his net worth. Known for his work on the MTV reality television series Jackass, Viva La Bam, and Bam’s Unholy Union, Margera’s financial journey has been marked by both peak success and significant setbacks. In this article, we will delve into the fascinating story of Bam Margera’s net worth, exploring its rise, legal troubles, costly divorce settlements, gambling losses, and the current state of his finances.
Bam Margera Net Worth in 2023
As of 2023, Bam Margera’s net worth is estimated to be $2 million. However, it’s crucial to note that this figure represents a significant decline from his peak net worth of $50 million. Margera’s financial journey has been tumultuous, with various factors contributing to the decline in his wealth.
Legal Troubles & Settlements
Margera’s road to financial decline was marred by legal troubles and costly settlements. In March 2023, he was arrested for domestic violence after allegedly kicking a woman he had hired overnight. To resolve the case, Margera paid $50,000 for bail and settled an additional $250,000 with the woman. This incident not only tarnished his reputation but also had financial consequences.
In another instance, Margera was arrested for allegedly making death threats to his brother and physically assaulting him. After being on the run for three days, Margera surrendered to Pennsylvania Police and ultimately lost $1 million to his brother and his family as part of a settlement agreement.
Costly Divorce Settlements
Margera’s two divorces have also taken a significant toll on his net worth. His first marriage was to childhood friend Melissa “Missy” Rothstein in 2007. However, the couple divorced in 2012 after Margera was caught having an affair with multiple women. As part of their divorce settlement, Margera paid Melissa a lump sum of $10 million and $100,000 per month in alimony. He also had to forfeit two of his properties, a mansion in California and a beach house in Florida.
Margera’s second marriage, to Nicole Boyd in 2013, also ended in divorce. The couple had one son together, Phoenix. In 2021, Boyd filed for divorce, alleging physical and emotional abuse during their marriage. As part of the settlement, Margera paid Boyd a lump sum of $5 million and $40,000 per month in alimony. These costly divorce settlements further contributed to Margera’s financial decline.
Gambling Losses
One of the most significant factors contributing to Margera’s financial downfall has been his gambling losses. Reports suggest that he has lost approximately $7 million in gambling and poker over the past few years. Most of these losses occurred in casinos in Las Vegas and Atlantic City, where Margera frequently indulged in high-stakes gambling.
In addition to casino losses, Margera has also experienced substantial losses playing poker online. Known for his participation in high-stakes poker games, he has been known to lose millions of dollars in a single session. These gambling losses have not only impacted his net worth but also led to the loss of his California home and a fleet of luxury cars.
Net Worth Timeline
To understand the full extent of Margera’s financial journey, let’s take a closer look at his net worth timeline:
- 2000: $8 million
- 2005: $19 million
- 2010: $50 million
- 2015: $10 million
- 2023: $2 million
As the timeline illustrates, Margera reached the peak of his financial success in 2010, with a net worth of $50 million. However, various personal and legal challenges, along with gambling losses, led to a significant decline in his wealth.