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!
Leon Spinks – Gambling Debts
CBS Television
Leon Spinks is a former heavyweight boxing champion who earned approximately $4.1 million during his professional career. Believe it or not, during the peak of his career in the late ’70s, Spinks even managed to defeat the one and only Muhammad Ali. However, less than two decades later, Spinks was utterly broke and even homeless!
Unfortunately, Spinks later admitted that he had spent his money frivolously, squandering it away on gambling and illegal substances. At the same time, unsurprisingly, Spinks also had many run-ins with the laws. In the end, he lost almost all of his money, and actually started working as a janitor at a YMCA in Columbus. Thankfully, now, Spinks has a more stable job as a spokesperson for boxers who have suffered head trauma.
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