Makin’ it rain on them haters!
Gabrielle Douglas is known as “The Flying Squirrel” in the gymnastics arena, but the teen may also be flying into some big time endorsement deals following her big win in the 2012 Olympics:
The 16-year-old women’s all-around gymnastics champion, who also took home a gold medal with Team USA, inked her first deal to appear on Cornflakes cereal boxes just hours after her individual win.
Experts have estimated the Olympic golden girl could bring in up to $10 million in endorsements over the next few years.
“Gabby Douglas is perfect for family oriented brands that are looking for someone that portrays all of those classic Middle America values,” said Robert Tuchman, a sports marketing analyst.
Douglas’ girl-next-door image could attract a variety of brands, from shoes and make-up to toothpaste and cars, analysts said.
Looks like Gabby’s gold medal deals have come just in the nick of time. According to documents filed earlier this year in Virginia, her mom filed for Chapter 13. Thhe docs state Hawkins has assets totalling $163,706.10 and debt totaling $79,754.14.
Her creditors include:
Capital One — $1,534
Student loan — $4,350.23
Sprint — $158.78
T-Mobile — $413
Orthodontist in Iowa (where Gabby trained when she was 14) — $408
The Chapter 13 filing, Hawkins has agreed to a monthly payment plan. She began making payments of $408/month back in February … to a trustee who will divy it up among her creditors.
However, with Gabby’s new found fame and the potential to bring home the bacon for years to come, it’s likely her mother will never have to worry about bankruptcy or money problems ever again. You go Gabby!