Watchworthy

26 Athletes Who Went Completely Broke 

People in Sports
Updated June 14, 2019 19.9k views 26 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.
Data-driven recommendations based on voting from over 40 million monthly visits to Ranker. Try the free app
Mike Tyson is listed (or ranked) 1 on the list 26 Athletes Who Went Completely Broke
Photo: Metaweb/CC-BY
Despite earning an estimated $300 million throughout his boxing career, Mike Tyson filed for bankruptcy in 2003.

Age: 53

Nationality: United States of America

Birthplace: New York City, USA, New York, Bedford-Stuyvesant

More Mike Tyson 

#76 of 2,181 The Best Athletes Of All Time #6 of 188 The Best Boxers of All Time #69 of 69 Celebrities with the Weirdest Middle Names

Michael Vick is listed (or ranked) 2 on the list 26 Athletes Who Went Completely Broke
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: 39

Nationality: United States of America

Birthplace: Virginia

Teams: Philadelphia Eagles, New York Jets, Atlanta Falcons, Virginia Tech Hokies football

More Michael Vick 

#1,886 of 2,181 The Best Athletes Of All Time #42 of 257 The Best Quarterbacks Of All Time #8 of 122 The Greatest College Football Quarterbacks of All Time

Terrell Owens is listed (or ranked) 3 on the list 26 Athletes Who Went Completely Broke
Photo:  Wikimedia Commons (CC-BY)
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: 46

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, + more

More Terrell Owens 

#1,839 of 2,181 The Best Athletes Of All Time #17 of 248 The Best Wide Receivers of All Timelisted on The Best 'Dancing With The Stars' Contestants, Ranked

Allen Iverson is listed (or ranked) 4 on the list 26 Athletes Who Went Completely Broke
Photo: Metaweb/GNU Free Documentation License
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: 44

Nationality: United States of America

Birthplace: Hampton, Virginia, United States of America

More Allen Iverson 

#12 of 870 The Top NBA Players Of All Time #1,526 of 2,181 The Best Athletes Of All Time #3 of 162 The Greatest Point Guards in NBA History