Gabby Douglas' endorsement money to go into a trust fund
New York, Aug 17 (ANI): As soon as Gabby Douglas brought home her medals, bringing along lucrative endorsements with them, her estranged parents, Tim Douglas and Natalie Hawkins, were reportedly feuding over the millions she could potentially earn.
However, according to Radar Online, Douglas' future earnings will be put into a trust fund which she can access when she finishes college.
"Her parents may be separated, but they still want what's best for Gabby and are not looking to profit out of her," the New York Post quoted an insider as saying.
"Any money she earns from future endorsements will go towards paying for her college education, as well as be put aside for when she's finished her studies," the source said.
The Olympic champion could bring home 10 million dollars in endorsements over the next few years and up to 100 million dollars during her lifetime, according to the National Enquirer.
But, those are just estimates. "People forget, she hasn't made anything from gymnastics yet; her career in the spotlight has only just begun, and while she has the potential to earn a lot of money in the future the rumored figures are way off target," a source told Radar Online. (ANI)
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