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!
Scottie Pippen – Bad Investments
NBA
NBA superstar Scottie Pippen played for 17 seasons, winning six title championships with the Chicago Bulls. Pippen, along with Michael Jordan, played a crucial role in transforming the Bulls into a championship team and in popularizing the NBA around the world in the 1990s. However, unlike Jordan, Pippen made many poor financial decisions.
According to a 2010 report, Pippen lost approximately $120 million in career earnings through extravagant purchases and bad investments, like a $4 million Gulfstream jet. The jet had a faulty engine, with repairs costs as much as $1 million and, even then, never took off. While he’s still worth $30 million, experts believe he could have been worth nearly as much as Jordan, had he played his cards right.
You must be logged in to post a comment Login