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Mr Nice Guy
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« Reply #10 on: Tue 15 December, 2015 - 08:42 am » |
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Jonah Lomu died broke - now there's a plea to help his sons.
It's a stark truth that has emerged in the wake of the global rugby superstar's death, aged 40, prompting the creation of a trust aimed to provide for his boys Dhyreille, 6, and Brayley, 5.
The Jonah Lomu Legacy Trust excludes the boys' mother, Nadene, Lomu's third wife, as a beneficiary or from having control of any of the funds. However, she will be able to apply to the trust for money to help raise their sons.
The trust has been set up by the NZ Rugby Players Association, and chief executive Rob Nichol says it is a response by business people and friends of Lomu who recognised the need to support the couple's children.
It is now seeking donations from those who want to help Lomu's boys. Mr Nichol said those who set up the trust did so after seeing summaries of Lomu's financial affairs.
"There's not going to be any great windfall. There's not great savings there. There's certainly nothing that's going to sustain any ongoing financial benefit for the family.
"What we've seen is a statement of where it's at. And it's not there, assets and liabilities-wise. Our assessment is the family aren't going to be able to rely on any financial proceeds or ongoing benefits."
Finances entangled with debt Lomu came to worldwide prominence at the Rugby World Cup in South Africa in 1995, but was later diagnosed with nephrotic syndrome, which required a kidney transplant in 2004.
His body's rejection of the kidney in 2011 saw him seeking another transplant and again needing regular dialysis. He died last month after returning from a bout of heavy promotional work at the Rugby World Cup.
Herald inquiries show Lomu's finances entangled with debt. Public records also show his company, Stylez Ltd, has a 2012 Mercedes-Benz bought through UDC Finance bearing the registration plate "Nades1". Lomu also borrowed to buy his 2007 Mercedes V350 peoplemover, which carries the plate "J0nah".
His remaining assets were tied up in a series of apartments in Wellington owned through Stylez and mortgaged to Westpac. They were most recently valued at $740,000.
The family's home in the upmarket Auckland suburb of Epsom, where Lomu died of cardiac arrest, has a rateable value of $2.2 million but is a rental. Broke
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Stu
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« Reply #23 on: Tue 15 December, 2015 - 12:26 pm » |
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Stu
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« Reply #27 on: Tue 15 December, 2015 - 12:39 pm » |
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cathy
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« Reply #40 on: Tue 15 December, 2015 - 06:37 pm » |
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A company owned by Jonah Lomu bought an apartment from his father-in-law for $1,580,000 in 2008, almost $700,000 more than the former bankrupt paid for it 10 months earlier.
The deal with Mervyn Quirk was done in the early days of his relationship with Nadene Quirk, who became Lomu's third wife in 2011.
It has emerged amid questions over Lomu's wealth prompted by the establishment of the Jonah Lomu Legacy Trust, set up by the NZ Rugby Players Association to care for the rugby star's children. so the boy's grand dad should be in a position to take care of them financially.
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“Blessed are the destroyers of false hope, for they are the true Messiahs - Cursed are the god-adorers, for they shall be shorn sheep!” ― Anton Szandor LaVey, The Satanic Bible
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