Cristiano Ronaldo is all smiles today as he avoided a 2 year prison sentence. In the video you can see a smiling Cristiano Ronaldo leaving a Madrid court today as he avoids 2 years in jail by paying 18.8 million euro ($21 million) fine to tax fraud charges. If you e been following this, apparently his father does business on behalf of him in Europe and somehow, it seemed as if they had not been paying taxes. He said that he did not know but since the businesses are under his name, he had to take responsibility of them.
African take note as we always do everything with family out of obligation and not because they are business savvy. This is why you must always be on top of your finances whether when you have a lot of money and have your family doing things for you.
Having a yearly audit of your accounts by an external account is not a bad idea. It doesn’t mean you don’t trust those handling your business. It is just a smart business gesture to ensure everything going on smoothly. Afterall, it’s your money and you worked hard for it.
Video source: Tic Toc by Bloomberg
