These Athletes Have Lost Their Jobs And Their Millions
From Colin Kaepernick and Michael Vick to O.J. Simpson and Evander Holyfield, see the richest athletes in the world who are now broke on The Finance Chatter!
Sheryl Swoopes – Bad Investments
USA Female Olympic Team
While you might have thought it was only NBA athletes who have gone broke, think again! Sheryl Swoopes made a fortune of approximately $50 million during her days as a professional WNBA player. Unfortunately, while Swoopes became one of the biggest stars in the game, her massive earnings did not last her lifetime.
But Swoopes says, unlike other athletes who went broke, her dire straights are not entirely her fault. Instead, she blames her financial failures on a combination of terrible representation and various bad investments. Regardless of the reason, Swoopes wound up having to sell her Olympic medals as well as her Naismith trophy to pay back creditors, which included a $250,000 debt to the IRS.
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