Mary Lou Retton under fire for $500K fundraiser amid financial revelations

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News Team

Mary Lou Retton, the former Olympic gold medalist in gymnastics, recently faced a life-threatening battle with a rare form of pneumonia. Her daughters, Shayla and McKenna, shared the severity of their mother’s condition, with McKenna stating that Mary Lou was fighting for her life. To cover the medical expenses, the family initiated a fundraiser on Spotfund.com with a goal of $50,000. However, the response from well-wishers exceeded all expectations, raising a staggering $459,354.

In the midst of this health crisis, it was revealed that Mary Lou Retton had received close to $2 million in her 2018 divorce settlement, excluding her share from the sale of two valuable properties. Additionally, she reportedly obtained a substantial settlement from a lawsuit against Biomet Recovery over faulty hip replacements. Despite these financial resources, Mary Lou Retton found herself in a situation where she felt unable to afford the necessary medical care. Reflecting on her experience, she shared with Today in January, “I am blessed to be here because there was a time when they were about to put me on life support. I couldn’t afford it, I couldn’t afford it, I couldn’t afford it.”

In an interview with NBC, Retton attributed her inability to afford insurance to being a recently divorced woman with pre-existing health conditions. However, it’s important to note that the Affordable Care Act (Obamacare) prohibits insurance companies from denying coverage based on health history and offers assistance for those who cannot afford top insurance plans.

Mary Lou Retton’s financial endeavors also include owning MLR Entertainment, Inc., which is utilized for her media appearances. With speaking engagements fetching between $25,000 and $40,000 per event, it raises questions about the necessity of the $500K raised on Spotfund.com and the circumstances surrounding her fundraiser goal of $50,000.

Despite repeated attempts by media outlets to seek clarification from Retton, she has not yet responded. The situation has prompted many to ponder the discrepancy between her reported financial standing and the need for such a substantial fundraiser.

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