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!
Charlie Batch – Bad Investments
Pittsburgh Steelers
Even back when Charlie Batch was still throwing Hail Mary passes for the Pittsburgh Steelers, he was already thinking of a back-up plan: investing his fortune. At the time, and like so many athletes who followed a similar path, Batch believed that his early investments would ultimately help him diversify his fortune.
However, the Great Recession hit hard the two-time Super Bowl champion, and most of his investments fell through. Unfortunately, that left Batch unable to afford his mortgages on multiple homes. In 2011, Batch had a handful of assets worth $2.3 million, but they were still four times less than the liabilities he owned. After defaulting on a whopping 25 properties, like so many broke athletes, Batch was forced to declare bankruptcy.
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