Wealth is a luxury that most people don’t have, but athletes don’t really fall into the category of people without money to throw around. That is why they throw around a little more than they should and end up losing in millions. Here is a list of athletes that lost all their money on lame stuff, careless purchasing and non-profitable investments. So, let’s get right into it.
12. VINCE YOUNG – $30 MILLION
He lost all his money to a bankrupt restaurant, an unflyable jet and 5 grand a week on Cheesecake. All you can say is “what”???
11. CURT SCHILLING – $50 MILLION
Mr. Curt tried to fulfill a childhood fantasy by creating his own video game company. It didn’t work out for him sadly.
10. SCOTTIE PIPPEN – $120 MILLION
Apparently this guy lost $120 million due to bad financial advice. Proper definition of a nincompoop if you ask me.
9. CHARLES BARKLEY – $30 MILLION
Barkley lost pretty much everything just because of his bad poker skills.
8. JOSE CANSECO – $70 MILLION
Weird and completely unsuccessful ideas just bankrupt Jose Canseco. And the gambling didn’t really help him much.
7. WARREN SAPP – $60 MILLION
Sapp wasted away his fortune on bad investment. He also married and divorced four times so the bills for child support to four different women were pretty steep.
6. TERRELL OWENS – $80 MILLION
A constant chain of bad investments. And his face really explains how he feels that he had to pay alimony to five different women.
5. MICHAEL VICK – $100 MILLION
Vick spent it all on his time in and out of the court rooms. He even ran a dogfighting ring, so it’s pretty obvious that this guy wasn’t taught the value of money.
4. ALLEN IVERSON – $150 MILLION
Allen lost quite a bit of his fortune because of his lavish spending and the $15 million divorce settlement. He even picked up the tab for a 70 man entourage.
3. EVANDER HOLYFIELD – $150 MILLION
Irresponsible spending, expensive divorces and a huge loss in selling his house brought this millionaire to his knees.
2. SHERYL SWOOPES – $50 MILLION
We don’t really know how she lost it all. But, she said that it was some EPIC MONEY MISMANAGEMENT.
1. MIKE TYSON – $400 MILLION
So, last but not least, the most reputable name on this list and obviously, the name that lost the most. You could sum his entire life in these things; careless spending, worthless investments, criminal and tax penalities, drugs, drinks and gambling. Apparently he’s down to his last million, living humbly.