Phil Mickelson reportedly lost $40m
U.S. government officials determined that Phil Mickelson lost more than $40 million by gambling over a four-year span, according to an excerpt from an upcoming book.
Alan Shipnuck, whose book "Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf's Most Colorful Superstar" is set to be published on May 17, reported on his website, Firepit Collective,
that from 2010 to 2014, Mickelson was found to have lost that money as government officials audited the golfer's finances during the Billy Walters insider trading investigation.
Walters was found guilty in 2017 of insider trading after using information from Thomas Davis of Dean Foods Co. to make millions in illicit stock trades.
Mickelson was named in the federal complaint, but he was not charged and repaid nearly $1 million he made in a trade of Dean Foods, according to the Associated Press.
Mickelson has been out of golf since Shipnuck reported comments he made about the Saudi Arabian government and criticisms of the PGA Tour.
Mickelson described the Saudi government as "scary motherf—ers to get involved with" and said "they killed [Washington Post reporter and U.S. resident Jamal] Khashoggi."
He listed concerns with their human rights track record before noting that he would join the Saudi Arabia-based league, LIV Golf.