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26 Athletes Who Went Completely Broke

Updated June 14, 2019 22.0k views26 items

This list contains information about athletes who are broke, loosely ranked by fame and popularity. Several famous boxers, NFL players, and Olympians are broke. Some of these athletes made poor investments, while others squandered their money away on drugs and alcohol. One famous NFL player had less than $1,000 to his name when he filed for bankruptcy.

Who is the most famous athlete who is broke? Mike Tyson tops our list. Despite earning an estimated $300 million throughout his boxing career, Mike Tyson filed for bankruptcy in 2003. Michael Vick found himself in a tough financial state after pleading guilty to federal felony charges associated with illegal dog fighting. He filed for Chapter 11 bankruptcy in July 2008. When his marriage crumbled and his business ventures failed, Björn Borg found himself very close to broke in the late-1980s.

When Warren Sapp filed for bankruptcy in 2012, he reportedly had less than $1,000 in his savings and checking accounts. According to a 2010 report, Scottie Pippen lost $120 million in career earnings through extravagant purchases and bad investments. Sheryl Swoopes filed for bankruptcy in 2004 after she found herself over $700,000 in debt.

Do you think that you could blow millions of dollars? Share your thoughts in the comments section.
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  • Photo: Metaweb / CC-BY
    Despite earning an estimated $300 million throughout his boxing career, Mike Tyson filed for bankruptcy in 2003.
    • Age: 54
    • Nationality: United States of America
    • Birthplace: Bedford-Stuyvesant, New York City, New York, United States of America

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  • Photo: flickr / CC0
    Michael Vick found himself in a tough financial state after pleading guilty to federal felony charges associated with illegal dog fighting. He filed for Chapter 11 bankruptcy in July 2008.
    • Age: 40
    • Nationality: United States of America
    • Birthplace: Virginia
    • Teams: Atlanta Falcons, Philadelphia Eagles, Pittsburgh Steelers

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  • After earning an estimated $80 million in his NFL career, Terrell Owens was near broke in 2012. He says that a combination of bad investments, large child support payments, and trusting the wrong people ravaged his finances.
    • Age: 47
    • Nationality: United States of America
    • Birthplace: Alexander City, Alabama, United States of America
    • Teams: San Francisco 49ers, Dallas Cowboys, Philadelphia Eagles, Cincinnati Bengals, Buffalo Bills

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  • In 2013, it was reported that Allen Iverson was near broke. He reportedly was spending tens of thousands of dollars a month on clothing alone.
    • Age: 45
    • Nationality: United States of America
    • Birthplace: USA, Virginia, Hampton
    • Teams: Philadelphia 76ers, Denver Nuggets, Detroit Pistons

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