Antoine walker earned $108 million in salary while playing in the nba, but had to declare bankruptcy in 2010, listing assets of $5 million and debts of $13 million thanks to bad real estate investments and gambling debts. · between risky investments , extravagant lifestyles, financial mismanagement, and sometimes just plain bad luck, some athletes have watched their fortunes disappear faster than a 40-yard dash. · despite signing multimillion-dollar contracts, many professional athletes find themselves in financial turmoil, grappling with a combination of poor financial literacy, extravagant spending habits, and misplaced trust in advisors. But in reality, the vast majority of athletes who find themselves in a financial pinch make three very common, relatively boring, investment mistakes. · despite an estimated $80 million in career earnings, owens was forced to file for bankruptcy in 2012, citing bad investments , a collapsed housing market, and some $50,000 of monthly child support payments. · here, we explore the cautionary tales of 14 professional athletes who lost it all, offering valuable lessons in financial responsibility and the pitfalls of sudden wealth. · if you have ever wondered who some of the biggest spenders were that found themselves broke and in the poorhouse, keep reading to see who the 20 top high paid athletes who went completely broke , are.
