25 Rich Athletes Who Went Broke

8. Scottie Pippen

Next Page

 

More Popular Stories:






Subscribe

Comments

  1. scopy's Gravatar Comment by scopy on May 19th, 2009 at 9:24 am

    It always shocks me when i hear stories like this. Not only should they have a manager that should be look after them but they should have a life manager. This can be a friend, college or adviser (basically someone they can trust).

    Most know they are going to have a short career and plans should have been made to make the most of it.

  2. Autumn's Gravatar Comment by Autumn on May 19th, 2009 at 4:03 pm

    Overpaid losers at life.

  3. Summerdog's Gravatar Comment by Summerdog on May 19th, 2009 at 7:08 pm

    Wow what a bunch of dumb asses. You can tackle or throw a ball fast all you want but you are still a jerk wad who can’t watch two dimes stay in your pocket. I love it! Let’s hear it for the “working schlub”.

  4. Summerdog's Gravatar Comment by Summerdog on May 19th, 2009 at 7:10 pm

    Hey Jack Clark I have that card if you want to buy it from me…… whoops sorry that was insensitive ……hahahahaha

  5. John's Gravatar Comment by John on November 22nd, 2009 at 8:54 pm

    Only have one child if u make $40,000+ a year or have none at all.

  6. wille's Gravatar Comment by wille on April 11th, 2010 at 1:59 pm

    all idiots

  7. C.D.'s Gravatar Comment by C.D. on June 15th, 2010 at 3:06 am

    A … Fool and His or her … money are soon parted …… Who said dat …. ?

  8. CJ's Gravatar Comment by CJ on June 17th, 2010 at 6:58 pm

    lets give ‘em some credit …..once in their lives they had earned millions….I’ll give you that!!!!!

  9. steve davis's Gravatar Comment by steve davis on July 3rd, 2010 at 9:34 pm

    When do we get to add Obama and america to the list?

  10. Yeah its me's Gravatar Comment by Yeah its me on July 31st, 2010 at 1:29 pm

    They should just name this article “Stupid People”

  11. etry bdfe's Gravatar Comment by etry bdfe on August 18th, 2010 at 10:22 pm

    That what cootchie will do to you! Pom pom rules!

  12. rogerZ's Gravatar Comment by rogerZ on September 25th, 2010 at 4:25 pm

    You must mean add Bush and America to the list. Bush came in with a surplus and left the country in bankruptcy.

    Don’t blame Obama- A hole.

  13. damohre's Gravatar Comment by damohre on November 1st, 2010 at 4:54 pm

    oh no, blame OBAMA

  14. furniturejg's Gravatar Comment by furniturejg on December 17th, 2010 at 1:32 am

    dont forget Cecil fielder, thats why sweet Prince dont talk to his daddy, “cuz he lost my mommas house where she stay” Atlantic city got big daddy money

  15. Chuck. Manson's Gravatar Comment by Chuck. Manson on February 1st, 2011 at 3:59 pm

    Other than the older athalites who dodn’t make that much money back in the day, these people had milions of dollors. Why be so greedy and gamble with risky investments. Just put in the bank and live off the interest. I also like how they all blame some one else for their stupid mistakes. What a bunch of losers.

  16. Jaloper's Gravatar Comment by Jaloper on February 2nd, 2011 at 4:48 pm

    It happens to both black and white.

  17. Max's Gravatar Comment by Max on February 4th, 2011 at 12:18 pm

    Antoine Walker should be on the list but he filed for bankruptcy after the article was published. In 99 he’s got a 6 year $71 mil contract with the Celtics and his career earnings are about $110 mil. This is a brief from wikipedia about bankruptcy. Sad, sad, sad.

    On May 18, 2010, Walker filed for Chapter 7 bankruptcy protection in the Southern District of Florida (Miami) as case number 10-23558 with total assets of $4.3 million and debts of $12.7 million. The filing listed four pieces of real estate including a $2.3 million Miami home that is underwater with a mortgage of $3.6 million, and three other properties in Chicago, one listed for $1.4 million. Nazr Mohammed paid half the fee of Walker’s bankruptcy attorney.[16]

  18. jovan's Gravatar Comment by jovan on February 16th, 2011 at 4:21 am

    Its sad these athletes aren’t able to maintain some level of wealth. It must be crushing to their egos.

  19. Hadiatu Dumbuya's Gravatar Comment by Hadiatu Dumbuya on October 25th, 2011 at 2:44 pm

    Many of these athletes did not get correct credit education before they enter into the professional sports arena causing them to make poor decisions as they acquire wealth. There are companies out there that teams/organizations should partner with to create more financial stability. One of my clients, Banco Capital Corporation does just that. It offers services such as credit education and restoration. I wish that this was something that the NCAA could implement to help prepare the future stars for tomorrow.

  20. Darius's Gravatar Comment by Darius on January 3rd, 2012 at 10:37 pm

    This a good article you should read the book “From Athletics to Business” it talks about Why do so many athletes end up in financial ruin? This book uncovers the principles that make athletes and millionaires more susceptible to economic ruin and bad behavior. Discover the 12 universal attributes that athletics teaches that should help mold athletes into prime candidates for post career success. This book may be the first of its’ kind to offer true insight into the epidemic of financial ruin that has plagued athletes for almost a century and offer the solutions to end this affliction.

  21. Johny Come Lately's Gravatar Comment by Johny Come Lately on February 5th, 2012 at 8:01 am

    To any athlete who lost it all, don’t worry, there’s always a spot for you over at American Jewelery & Loan.

Leave a Reply