Mary Lou Retton, the former Olympic gymnast, has been in the news recently due to her medical condition and financial situation. Retton, who won five medals in the 1984 Olympics, is reported to be fighting for her life in a Texas hospital with a rare form of pneumonia. Her lack of insurance has raised questions and led her to crowdfund her medical care.
Retton’s net worth has also been a topic of discussion. According to some reports, her net worth is around $2 million, though this has not been independently verified. Retton’s financial situation has been the subject of speculation, with some wondering if she is broke. Her recent divorce from her husband of nearly three decades, Shannon Kelley, has also raised questions about her finances.
In this article, we will take a closer look at Mary Lou Retton’s net worth, her medical condition, and her personal life. We will examine the available information to determine whether Retton is broke and how her financial situation may have impacted her medical care. We will also explore her past accomplishments and current endeavors to provide a comprehensive overview of this Olympic champion.
Who Is Mary Lou Retton
Mary Lou Retton is a former American gymnast who achieved great success in the 1984 Olympic Games held in Los Angeles. She was born on January 24, 1968, in Fairmont, West Virginia. Retton started practicing gymnastics at the age of five and soon became a prodigy in the sport. She trained under the guidance of the legendary coach Bela Karolyi and his wife Marta Karolyi.
Retton’s career highlights include winning five medals in the 1984 Olympics, including an all-around gold medal, and two gold medals at the 1983 World Championships. She became the first American woman to win the all-around gold medal in gymnastics at the Olympics, and her performance in the final event, the vault, is still considered one of the greatest moments in Olympic history.
After retiring from gymnastics, Retton pursued a career in television and became a motivational speaker. She has also been involved in various philanthropic activities, including working with the Children’s Miracle Network and the American Heart Association.
Retton has been married twice. Her first marriage was to former football player Shannon Kelley, with whom she has four daughters. The couple divorced in 1990. She later married former University of Texas quarterback and oil executive Shannon Kelley, with whom she has one daughter. Retton has been open about her struggles with divorce and raising her children as a single mother.
Overall, Mary Lou Retton is a highly accomplished athlete and a respected public figure, known for her dedication to her sport and her charitable work.
The Alleged Scam
Mary Lou Retton is a former Olympic gymnast who has been in the public eye for decades. However, in recent years, she has been the subject of controversy and speculation due to an alleged scam that has left many wondering about her net worth and financial status.
According to various reports, Retton has been accused of scamming investors out of millions of dollars through a business venture called Mary Lou Retton’s Energy. The company claimed to be developing a new type of energy drink, but it is alleged that Retton and her partners never actually produced a product. Instead, they allegedly used the money raised to pay themselves and cover personal expenses.
Retton has denied these allegations, stating that the company was a legitimate business venture and that she did not personally benefit from any wrongdoing. However, some investors have filed lawsuits against her and her partners, claiming that they were misled and defrauded.
The controversy surrounding Mary Lou Retton’s Energy has also raised questions about Retton’s net worth and financial status. While some sources estimate her net worth to be around $2 million, others have suggested that she may be in financial trouble due to the alleged scam and other personal issues, such as a costly divorce from her ex-husband Shannon Kelley.
Overall, the allegations against Retton and her partners are still being investigated and litigated, and it remains to be seen what the outcome will be. However, the controversy has certainly tarnished Retton’s reputation and raised doubts about her financial situation.
Mary Lou Retton’s Net Worth
Mary Lou Retton is a retired American gymnast who won a gold medal in the all-around competition at the 1984 Olympics. Her net worth has been estimated to be around $2 million, according to various sources such as Parade, MSN, and Market Realist. However, it’s important to note that this figure has not been corroborated solidly.
Retton’s net worth can be attributed to her successful gymnastics career, which also includes five medals at the 1984 Olympics and an induction into the International Gymnastics Hall of Fame. Additionally, she has appeared in several TV shows and movies, including “Scrooged” and “Baywatch.”
Despite her successful career, Retton has faced some financial struggles in the past. In 2018, she filed for bankruptcy and cited medical bills and a divorce settlement as reasons for her financial troubles. However, she has since bounced back and is now a motivational speaker and advocate for various charitable causes.
Overall, while Retton’s net worth may not be as high as some other Olympic athletes, she has still achieved a significant amount of success both in and out of the gym.
Marital Status
Mary Lou Retton was married to Shannon Kelley for almost three decades before their divorce in 2018. The couple tied the knot in 1990 after meeting the year before. Retton and Kelley have four daughters together: Shayla, McKenna, Skyla, and Emma.
Retton has not remarried since her divorce from Kelley. In a 2021 interview, Retton stated that she is not currently dating anyone and is focused on her family and career.
Despite her divorce, Retton has remained on good terms with Kelley. In an interview with People, Retton stated that she and Kelley “still love each other” and that they are “great co-parents” to their children.
Retton’s divorce from Kelley was not without controversy. In a 2023 article, Rational Insurgent claimed that Retton was involved in a scam related to her divorce and financial situation. However, there is no evidence to support these claims, and Retton’s net worth has been estimated to be around $2 million.
Financial Status
Mary Lou Retton’s financial status has been a topic of discussion in recent years. According to Yahoo Lifestyle, her net worth has been estimated to be in the $2 million range, but this figure has not been corroborated solidly.
In 2023, Mary Lou Retton’s lack of insurance raised questions as crowdfunding passed $250,000. The situation was discussed by Eric Feigl-Ding, an epidemiologist and health economist with a large social media following, who agreed that the situation “doesn’t make sense.” Mercury News reported that Retton’s family is relying on GoFundMe for her hospital bills.
Despite her Olympic success and fame, Mary Lou Retton’s financial situation has been complicated by her divorce from her husband, Shannon Kelley. According to MSN, Kelley was the primary breadwinner during their marriage, and Retton has had to rely on her own earnings from endorsements and appearances since their divorce.
In 2023, Mary Lou Retton’s net worth was reportedly around $2 million, although that figure has not been confirmed or verified by any independent source. It is possible that Retton’s net worth has been affected by her medical bills and lack of insurance coverage. However, Retton’s status as a beloved gymnast and Olympic champion has likely helped her crowdfunding campaign, which raised almost $422,000 of the $50,000 goal.
Final Thoughts
Mary Lou Retton’s net worth and financial situation have been the subject of much speculation in recent years. While some reports suggest that she is struggling financially, others paint a more positive picture of her financial health.
Regardless of her current financial situation, it is clear that Mary Lou Retton is a beloved figure in the world of gymnastics and a true inspiration to many. Her achievements in the sport are nothing short of remarkable, and she has inspired countless young athletes to pursue their dreams.
At the end of the day, it is important to remember that net worth is just one small part of Mary Lou Retton’s story. While it may be interesting to speculate about her financial situation, it is ultimately her athletic accomplishments and contributions to the sport of gymnastics that will be remembered for years to come.
Frequently Asked Questions
What is Mary Lou Retton’s current net worth?
As of October 2023, Mary Lou Retton’s net worth is estimated to be around $2 million, according to MSN.
Who is Mary Lou Retton married to?
Mary Lou Retton is married to Shannon Kelley, a former college football quarterback. The couple has four daughters together.
How did Mary Lou Retton end up without health insurance?
Mary Lou Retton’s lack of health insurance was revealed when she was admitted to the hospital with pneumonia in October 2023. According to Mercury News, the Olympic gymnastics icon was unable to afford health insurance due to the high cost of premiums.
Is Mary Lou Retton currently facing financial difficulties?
Mary Lou Retton’s lack of health insurance and subsequent hospitalization has raised concerns about her financial situation. However, it is unclear whether she is currently facing financial difficulties.
What is the latest news about Mary Lou Retton?
As of October 2023, the latest news about Mary Lou Retton is that she is in the hospital battling pneumonia. Fans have been raising funds for her medical expenses through a crowdfunding campaign, which has raised over $400,000, according to Mercury News.
What is Mary Lou Retton doing to address her financial situation?
It is unclear what Mary Lou Retton is doing to address her financial situation. However, fans have been supporting her through the crowdfunding campaign and sending messages of love and support on social media.
