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!
Gaylord Perry – Failed Farming Investments
Twm1340/Wikimedia Commons
Hall of Fame pitcher Gaylord Perry pitched a no-hitter, made five All-Stars teams, led the majors in wins three times, and was the very first player to win a Cy Young Award in both leagues. However, all the fame and success in the world couldn’t save Perry from suffering terrible financial troubles.
Back in 1986, just three years after he left the field, Perry, like so many athletes, went completely broke. He was forced to declare bankruptcy after amassing $1.2 million in debt versus $1.1 million in assets. The reason behind his financial situation? Well, it turned out that his 400-acre peanut, soybean, tobacco, and corn farm in eastern North Carolina had failed to turn a profit!
You must be logged in to post a comment Login