What is Mark Philippoussis' net worth?
Mark Philippoussis is a retired Australian professional tennis player who has a net worth of $500 thousand. Mark Philippoussis's career spanned from 1994 to 2015. Known for his powerful serve, he was nicknamed "The Scud" after the missile. Philippoussis reached a career-high singles ranking of World No. 8 in 1999. His most significant achievements include reaching two Grand Slam finals: the 1998 US Open and 2003 Wimbledon, losing to Patrick Rafter and Roger Federer respectively. He won 11 singles titles on the ATP Tour and achieved his best year-end ranking of World No. 9 in 2000.
Philippoussis played a crucial role in Australia's Davis Cup victories in 1999 and 2003. In the 1999 final, he clinched the deciding match against France's Cédric Pioline. In 2003, he secured the winning point against Spain's Juan Carlos Ferrero. Throughout his career, Philippoussis struggled with numerous knee injuries, which affected his consistency and longevity at the top level. He finished his career with a record of 313 – 204 and won 11 titles.
During his career Mark earned around $7 million from tournament winnings. That's the same as around $12 million today. Unfortunately, as we detail later in this article, by his own admission Mark squandered the vast majority of his career earnings on an extravagant lifestyle.
(Photo by Robert Cianflone/Getty Images)
Early Life and Career Highlights
Mark Philippoussis was born in Melbourne, Victoria, Australia in November 1976. He started playing tennis at six years old coached by his father Nick. He was junior doubles champion and finished third in single ranking for juniors in 1994. Mark turned pro that same year. In 1996 he reached the semifinals of the US Open and Wimbledon.
His highest ranking came in April 1999 at #8. Philippoussis made the finals of the US Open in 1998 and Wimbledon in 2003. As a doubles player he finished with a record of 98 – 72, winning three titles. Philippoussis also won the Davis Cup in 1999 and 2003 and the Hopman Cup in 1999.
Career Earnings
During his professional career Mark Philippoussis earned just short of $7 million in tournament winnings. At the very peak of his career when he was #8 in the world, for some reason Mark could not land a clothing endorsement. Years later he explained this situation made him extremely angry and started him on a path of losing the passion for professional tennis.
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Finances
In 2009 Mark revealed that he had blown all of his money and was close to losing his home. He was forced to take out a loan from his company Mergis Pty Ltd. and subsequently defaulted on the payments. In a 2021 television interview Mark explained that he squandered his money buying expensive items.
"I would watch a new movie, like "Bad Boys," and see they had the new Porsche Turbo and I would call up my agent and say, 'Get me the new Porsche Turbo.' That's how ridiculous it was. The prize money doesn't make you happier but ends up becoming the new normal. Now I just shake my head and laugh and go, 'What an idiot.'"
Personal Life
Mark married Romanian-born former model Silvana Lovin in 2013. He was previously engaged to actress Jennifer Esposito. Mark and Silvana have two children together.
