(Source: Business Insider Robert Johnson) – John McMonigle claims to be the world’s number one real estate agent. With $2.5 billion in residential sales over the past six years, this 46-year-old realtor may well have been.And now he’s declaring bankruptcy.

According to the Orange County Register, McMonigle has amassed $50 million in debt, even after selling his luxurious Newport Beach condo, his car and personal effects.

Source: Business Insider Robert Johnson

Jun. 6, 2011, 9:05 AM

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