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Home / Entertainment / Alex Trebek’s biggest money mistake and his advice to navigate the next stock market crash

Alex Trebek’s biggest money mistake and his advice to navigate the next stock market crash



Alex Trebek

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‘Accidents are a golden opportunity to make money, because the US economy has always been strong enough to recover.’

It was Alex Trebek, the beloved longtime host of “Jeopardy!” who passed away on Sunday at the age of 80, opened up about his approach to money and investment in an interview with Reuters in 2017.

“I remember after the 1987 crash, I immediately started buying and ended up with a lot of shares in companies like Coca-Cola KO,
+ 0.02%,
Trebek explained many years before his cancer diagnosis. “I tend to protect what I have rather than invest it to make a big profit.”

Before he dies, he has a lot to protect.

Trebek reportedly made about 18 million dollars per “Jeopardy!” According to the Celebrity Net Worth website, his net worth is up to $ 75 million.

The Midas feeling he enjoyed in his program business career didn’t always translate to his personal life. He shared the bad story of investing huge amounts of change in a friend’s winery – one of the biggest money mistakes he’s ever made.

“Little by little, the business needed more money and other partners didn’t participate, so I ended up being the sole investor,” said Canada-born Trebek, who became a US citizen in 1997. with Reuters. “In the end, I lost over 2 million dollars, and it destroyed a friendship. I think it’s the only winery in California that doesn’t make money. But at least I have to enjoy alcohol. “

And for more than three decades, fans liked “Jeopardy!” Champion Ken Jennings, must enjoy Trebek.

“Alex isn’t just the best at what he’s done,” he tweeted after Trebek’s death. “He is also a lovely and extremely kind man, and I am grateful for every minute I have been with him.”




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