Former UFC light heavyweight champion Tito Ortiz recently opened up about the profound losses he endured in the wake of the 2020 stock market crash. Ortiz shared his heartbreaking journey during a segment on Fox & Friends.
Between February 20 and April 7, 2020, stock market indexes worldwide witnessed a dramatic downturn due to the emergence of the COVID-19 pandemic. The onset of global shutdowns and the absence of a definitive cure led to heightened market volatility, triggering widespread panic among investors.
During this period, markets experienced significant declines of over 10%. There was a particularly tumultuous three-day stretch in March 2020. This prompted the activation of circuit breakers on the New York Stock Exchange to temporarily halt trading.
This is an interesting claim considering Ortiz listed his Huntington Beach house at $4,8M back in November of 2022. He ended up selling it for 4M.
Tito Ortiz also took out a $32,292 PPP loan June 8. The loan is in the names of both Ortiz and ‘Triple JJJ LLC.”
Ortiz found himself embroiled in controversy following an unemployment filing in Huntington Beach, Calif., despite holding city council position in 2020. Shortly after he decided to relocate to Florida.
During his appearance on Fox & Friends, Tito Ortiz not only discussed border control issues but also talked about the profound impact of the 2020 crash on his personal life. Expressing concerns about border security, Ortiz highlighted the complexities surrounding immigration, including issues of child trafficking and dr*g smuggling.
He said: “It’s not just Mexicans that are coming across the border. People don’t understand that. There’s children trafficking, there’s dr*gs that are coming across. All the cartel that are doing the things that American people don’t like, and you can see, all across the border, in Texas, Arizona, California, it’s shambles, and what the border control or, excuse me, the border patrol can’t take care of. And it’s because of the legislation and the policies that the Biden regime is doing right now.”
“It’s sad for this country. And I hope people listen to me, as a blue-collared man that has to relocate here in Florida, open my own business, Tito’s Cantina Tequila Bar & Grill, here in Cape Coral, to redo the American dream, because I lost everything after 2020. And it’s hard for me because I’m still trying to take care of my children as a blue-collar man. People, we need to come together, we need to make sure we make America great again.”
Ortiz also shared his own experience of financial issues following the 2020 market crash. Having lost everything, Ortiz emphasized the difficulties of rebuilding his life.
Despite the hardships, Ortiz showed resilience by relocating to Florida and venturing into entrepreneurship with the opening of his own establishment. It was named Tito’s Cantina Tequila Bar & Grill in Cape Coral.