A hedge fund manager admitted last month that the once-wealthy businessman was left with just $240,000 in assets after a cascade of financial setbacks, including defaulting on a mortgage on his family’s $13 million home, being sued by his mother and leading a failed takeover of the billionaire casino.

Jason Ader, a former Wall Street The activist investor known for ousting Marissa Mayer as Yahoo CEO in 2017 disclosed $1,700 in cash, a Tesla Cybertruck, a Glock G26, an Apple Watch valued at $250 and two guinea pigs valued at $25 each, according to Jan. 16 court filings.

The 59-year-old owes approximately $2 million to creditors, including his wife and mother, according to court documents and an ordered court call with creditors last week, the New York Post reported. Of that total, about $101,000 is owed to unsecured creditors, the filings show.

The latest court appearance comes after Ader appeared to maintain a lavish lifestyle despite mounting financial problems. During the conference call, he reportedly acknowledged being able to maintain a $6 million, four-bedroom condo in Miami in the same building where English soccer star David Beckham, who co-owns MLS team Inter Miami, also owns a property.

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Jason Ader, Co-CEO of Owl Spring Asset Management, speaks at the Reuters Global Investment Outlook Summit at the Thomson Reuters Building in New York on November 20, 2013. (REUTERS/Mike Segar)

Ader told creditors that the apartment is owned by one of his companies, 826 Capital Holdings LLC, which places him outside of his personal bankruptcy proceedings, the NYP said.

In 2024, he also spent an estimated $370,000 during a spending spree in the south of France, just months before his mother, Pamela, 82, sued him for leaving her late father’s Upper East Side estate in debt, the outlet added.

Ader, who according to him asked for it personal bankruptcy in Florida in December, earns roughly $25,000 a month from Israel-based cybersecurity firm Qyprotnic LLC, according to the filings.

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Jason Ader and Hana Ader attend the Pérez Art Museum Miami Art of the Party at the Perez Art Museum Miami on March 12, 2022 in Miami, Florida. (Jason Koerner/Getty Images for PAMM)

He asked the Miami court, which is still deliberating the case, not to confiscate his wardrobe, estimated at $10,000, and his 2024. Tesla Cybertruckwhich is valued at $70,000, according to the NYPost.

The outlet added that when asked how he ended up in financial trouble, Ader said, “It’s a combination of the divorce process, a long-standing family dispute, which is related to activity around the house, and an unexpected liability from the IRS that I’m dealing with. I’m looking to reorganize my debts and then come out with a plan.”

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Jason Ader, CEO and Chief Investment Officer of Ader Investment Management LLC, participates in a panel discussion in New York on December 5, 2012. (Michael Nagle/Bloomberg via Getty Images/Getty Images)

Ader also stressed that he has paid roughly $1 million in housing support for his estranged wife, Julie Ader, and up to $3 million for their five children, the outlet said. Despite the reported payments, a New York court ruled in 2023 that he failed to pay agreed-upon child support for four of his children, in violation of court orders and their prenuptial agreement, according to the NYPost.

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In 2021, Ader also signed an agreement to buy the Casino Okada Manila in the Philippines for $2.6 billion. In the failed takeover, Austrian billionaire Harald McPike alleged that Ader defrauded him out of $25 million from the deal.