-advertisement -

Fame and Fortune: Byron 'The Bachelor' Velvick
ESPN's 'Bass Center' star is quite a catch -- Page 2

Bankrate: What kind of perks did you get from ABC as the bachelor?

Byron Velvick: It was insane. I never had manicures, pedicures and massages before. I was going from private jet to limousines. I stayed at exotic resorts with beautiful gift baskets everywhere I went. It truly was my 15 minutes of fame.

- advertisement -

Bankrate: I take it the bass sponsors don't treat you the same way?

Byron Velvick: Oh, no. We live like truck drivers. I've stayed in many less-than-beautiful hotels on the outskirts of town.

Bankrate: Bass tournaments are packing in entire arenas. What would you say is the new appeal, and why hasn't it been there all along?

Byron Velvick: It's growing. It's like NASCAR, a bunch of country boys. I'm on ESPN at 7 and 11 every Saturday morning. I'm very grateful, that they took the name of their popular show, "Sports Center," and made it part of my show. There's no "Golf Center" or "Hockey Center." Bass fishing is growing, because we have identifiable, young, marketable guys. It used to be, with the old guys, they were overweight, chewing tobacco. Today, it's great. We've got guys with tattoos up there with fish. We're like, your hillbilly country brother.

Bankrate: Are you involved with any environmental or conservation causes, considering that your vocation is affected by pollution?

Byron Velvick: Yeah, I do a lot of stuff for the environment, it's very important. I raise awareness through American Sport Fishing. My sponsors also do a lot -- Habitat for Fishing. I do a lot of recycling. A lot of the people in fishing raise money for the environment. I'm very proactive. I'm also involved in restocking programs with kids.

Bankrate: Coca-Cola is putting together a fishing team, with you as its first member. Will angling be the next NASCAR?

Byron Velvick: I think so, but CITGO and ESPN think so, too. There has been a shift for people from golf to fishing. You can take a group of friends and the next week, they can enter a tournament. With NASCAR, the sponsors are in for a multimillion dollar deal. They can get in for a lot less with a boat. Plus, we have a lot of exposure.

Bankrate: Coca-Cola has a squeaky clean image. Do you have a morals clause in your contract?

Byron Velvick: No, but they did a big background research project, like ABC. They really researched me. They didn't want a big surprise, with outstanding warrants or something. I'm with Coke just until the end of this year.

Bankrate: A lot of people say, "The best boat is your best friend's boat," but you have to have the boat. What kind of expenses do you have as an angler?

Byron Velvick: It's costly to get a boat and truck. I saved up to buy my first boat, it was 10 years old and cost $6,000. You can get in at $6,000 to $10,000. Now, getting a new boat will cost you $30,000, $40,000, $50,000. You can go up to $100,000. I'm fortunate now, I don't have to buy the boat, my sponsors do that.

Bankrate: It would seem that as a pro fisherman, some aspects of your work include being your own boss and not facing a mandatory retirement age. Are there other careers you've considered?

Byron Velvick: This is what I've wanted to do since high school. It's a really great thing, fishing; you can get good in your late 20s or 30s. You don't see a lot of guys here quitting. You can keep going strong, even in your 50s. No other sport is like that.

Bankrate: You modeled after college. Were you able to support yourself doing that?

Byron Velvick: It was more of a life experience; I thought it would be great to live in Europe. That way, I was able to live there for free. I took the money I earned for a TV commercial and bought a boat and truck. No more acting for me.

Bankrate: Do you come from a wealthy background?

Byron Velvick: No, not at all. My parents divorced when I was young. We lived off my mother's schoolteacher salary.

Bankrate: You earned over $400,000 in prize money. Do you have investments?

Byron Velvick: Well, now the money is about $500,000. I have two houses, one in Tampa. I have extra boats and a couple of condos. This was a really good year for real estate. I like to buy tangible assets that will go up. After the U.S. Open, I bought my home in Las Vegas. Now, it's worth $750,000!

Bankrate: Do you manage your money yourself or do you hire out?

Byron Velvick: I manage my investments. I do have an accountant for taxes and a financial person for my property. I mean, I went to college, I took business classes. I don't want to play the stock market, but I have an IRA.

-- Posted: Aug. 23, 2005




Looking for more stories like this? We'll send them directly to you!
Bankrate.com's corrections policy

CDs and Investments
Compare today's rates
1 yr CD 1.09%
2 yr CD 1.27%
5 yr CD 1.67%

  How long will your savings last  
  How to reach a savings goal -- with scheduled payments  
  Watch your savings grow with regular deposits  
CDs and Investing Basics
Set your goals with an investing plan.
Develop a savings plan
Every kind of CD explained
Treasury bonds and more
Pros and cons of annuities
All about IRAs
Bank or credit union?
Best rates for CDs, more

CD rates in your area  
Bankrate's Top Tier Award for best quarterly CD and MMA performers  
Track the prime rate, other leading rates  
Savings basics

- advertisement -
- advertisement -