Charles Barkley, the NBA star turned NBA analyst, has had his fair share of controversies regarding gambling. He has acknowledged that he lost a sizable sum of money playing blackjack and other casino games. In 2006, Barkley admitted that he had lost more than $10 million through gambling. The former NBA player had also once lost $2.5 million in just six hours. He mentioned losing $1 million on roughly 10 to 20 separate instances in an interview from 2016. Barkley’s gambling issues have been widely publicized over the past few years.

Meanwhile, it appears that gambling isn’t the only way Barkley spent his money in the past. The Chuckster recently recalled how he went on a spending spree with his mentor. The same mentor who taught him to save money.

Charles Barkley reveals going on a spending spree with mentor who gave him financial advice

In a recent episode of the ‘Spittin’ Chiclets’ podcast, Charles Barkley appeared as a guest on the show. While on the show, he talked about many things ranging from his love for hockey to having a mentor to look up to while growing up.

Barkley revealed how Dr J or Julius Irving was the one who taught him how to save money and how to be financially responsible. He explained how Dr. J had once inquired how many vehicles  Barkley had. At that time, he had around five to six.

Trending

Shaq Warns Lakers Locker Room Of Jeanie Buss Game Plan If Darvin Ham & Co Fail Vs Nuggets

April 24, 2024 09:42 PM EDT

Heat Injury Report: Latest On Jimmy Butler, Terry Rozier, Duncan Robinson Ahead of Game 2 vs Celtics

April 24, 2024 02:46 PM EDT

What Happened to Kenny Smith’s Legs? Unfolding the Sad Truth Behind TNT Host’s Dodgy Knees

April 22, 2024 08:05 PM EDT

Joel Embiid Banned By Empire State Building After Dangerous Incident On Court With Mitchell Robinson

April 26, 2024 02:59 AM EDT

“So Rigged”: All Hell Breaks Loose as Jamal Murray Forces LeBron James’ Lakers Into Bitter Embarrassment

April 23, 2024 06:21 AM EDT

Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

When Barkley replied that he had several, Erving reminded him that he could only drive one vehicle at a time. This caused Chuck to reevaluate his car ownership and start making better decisions. He also revealed an anecdote from back in the day when he spent almost $30,000 only on clothes, in a single day!

Chuck revealed how Dr. J also gave him advice on how to dress professionally. He urged Chuck to wear suits instead of casual warm-up suits, especially since he was playing professional basketball. Erving also urged that Chuck purchase appropriate clothing. He then spent close to $30,000 on suits, jackets, and sports coats when they went shopping.

Rare Resurfaced Photo Shows Michael Jordan, Charles Barkley, Magic Johnson and Larry Bird, Years Before Intense Beef Ended Their Friendship

In the podcast, Barkley said, “I remember the first time they took me shopping. It was a famous uh clothing store in Philadelphia called Boyd’s and we spent $30,000.  And I guarantee that’s not a person in my family that ever made thirty thousand dollars in their entire life. And they made me buy all these suits and jackets and sports coats and things. When I got the bill it was like 30 31 some like that.”

He also revealed how he asked his agent to pay for the bill. Even his agent was shocked that he spent $30,000 on clothes.