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From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died – Bitcoin News

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Just before the antivirus tycoon John McAfee was found dead in Spain, he told the public from prison that U.S. federal authorities seized all of his assets and he had “nothing.” Now a biographer who is writing a McAfee-based biography has corroborated McAfee’s story. The author Mark Eglinton says that McAfee was also unable to pay for the requested biography.

McAfee Wasn’t Able to Pay for Requested Biography Expenses

In 1987, John McAfee wrote the first commercial-grade antivirus software and by 1994 he sold his stake in the company and resigned. By 2007, reports show that McAfee’s net wealth peaked at $100 million but allegedly his funds quickly evaporated in the 2008 financial crisis.

From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died
A picture of John McAfee when he lived in Belize for a number of years. McAfee’s antivirus firm called McAfee was bought out by Intel in 2010 for $7.6 billion. After Intel changed the name of the company to “Intel Security,” McAfee made a statement that he was freed “from this terrible association with the worst software on the planet.” In 2016, Intel rebranded again and reverted the name back to McAfee.

McAfee started close to ten companies after leaving the antivirus software firm and he resided in Belize for a number of years. In 2013, McAfee came back to the U.S. when it was discovered he was being questioned for murder by the authorities in Belize.

Speaking with the publication the dailymail.co.uk, Mark Eglinton, an author who was working on McAfee’s biography said the former antivirus tycoon was broke. The author’s book is called “No Domain: The John McAfee Tapes” and it contains a large quantity of interviews with McAfee.

Eglinton explained to Dailymail this week that toward the end, McAfee wasn’t able to pay for the requested biography’s expenses. “I don’t doubt that if he could have helped he would have,” Eglinton insisted. McAfee told him at the time:

I can’t do it, my financial situation is worse than yours.

Biographer Claims McAfee Built Extravagant Homes and Bought ‘Absolutely Bizarre Properties’

Reports have noted on countless occasions that McAfee lost his fortune during the financial crisis in 2008 but Eglinton rebuffed this theory. “We got a lot into where he spent his money over the years,” Eglinton said during his interview. “He had his money in very safe investments, but he built houses, absolutely bizarre properties. Some of them, he never slept a night in the property,” the biographer added. Because of the Great Recession, some of McAfee’s properties were sold at significant losses.

From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died
John McAfee pictured at his extravagant home in Woodland Park, Colorado.

For instance, the report notes that McAfee once owned a Woodland Park, Colorado compound, which was once valued at $25 million when he purchased the property. The property was later auctioned in 2007 to a commodities trader for $5.72 million. The Dailymail reporter Keith Griffith asked Eglinton about McAfee’s last tweet from prison when he told people the U.S. seized all of his wealth.

“The U.S. believes I have hidden crypto,” McAfee tweeted before he passed. “I wish I did but it has dissolved through the many hands of Team McAfee (your belief is not required), and my remaining assets are all seized. My friends evaporated through fear of association. I have nothing. Yet, I regret nothing.”

Eglinton told Griffith that McAfee liked to brag about being wealthy rather than admitting he was broke. Before McAfee’s final tweet and his issues with U.S. law enforcement, one could assume McAfee still had lots of money at his disposal.

“Rather than pretend he didn’t have it, I think he was pretending he did,” Eglinton said. The biographer further noted that the book will showcase a side of McAfee people haven’t really seen. “What will surprise people about this book is the deep philosophy of John McAfee,” Eglinton’s interview concluded.

What do you think about the biographer that says John McAfee was broke before he passed away? Let us know what you think about this story in the comments section below.

Tags in this story
100 million, antivirus software, Antivirus Tycoon, Biographer, Biography, bizarre properties, Book, Broke, Cryptocurrency, extravagant home, Federal Authorities, John McAfee, luxury homes, McAfee, McAfee Biography, McAfee’s fortune, No Domain: The John McAfee Tapes, Properties

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Phillip Riley
Philip Riley is an assistant editor for OTCBBStockNews. He covers the cryptocurrency world and he has a masters in Economics.
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