These Athletes Were Once Millionaires, But This Is All They Have Left
From Ray Rice and Michael Vick to O.J. Simpson and Randy Moss, see the richest athletes in the world who have lost it all for one reason or another…
Sheryl Swoopes – Bad Investments
USA Female Olympic Team
While you might have thought it was only NBA athletes who have gone broke, think again! Sheryl Swoopes made a fortune of approximately $50 million during her days as a professional WNBA player. Unfortunately, while Swoopes became one of the biggest stars in the game, her massive earnings did not last her lifetime.
But Swoopes says, unlike other athletes who went broke, her dire straights are not entirely her fault. Instead, she blames her financial failures on a combination of terrible representation and various bad investments. Regardless of the reason, Swoopes wound up having to sell her Olympic medals as well as her Naismith trophy to pay back creditors, which included a $250,000 debt to the IRS.
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