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!
Allen Iverson – Heavy Spending and Bad Investments
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Another NBA star who went broke, Allen Iverson has led a crazy life, both on and off the baseball court. Over the course of his successful career on teams like the 76ers and Pistons, Iverson made about $200 million through salaries and endorsements. As one of the best “little men” to ever lace up a pair of basketball sneakers, Iverson made a fortune while playing the game he loves!
However, Iverson was also taking care of about 50 friends and family before he ended up in bankruptcy. Shortly afterward, casinos in Atlantic City and Detroit banned him from their facilities. Thanks to an endorsement deal with Reebok, Iverson managed to stay afloat. Today, Iverson’s reported net worth is estimated at just $1 million.
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