ESPN's "Broke" documentary about bankrupt professional athletes really struck a nerve with players this week.
It revealed how cars, girls, bad investments, and sly financial advisors can leave athletes with nothing after a long playing career.
We took a look at 20 high-profile broke athletes to get an idea of exactly how these athletes lose so much money so quickly.
Mike Tyson's incarceration lost him between $300 million and $400 million
The man who bit off Evander Holyfield's ear took on more than could chew, both in body parts and in life.
He was once known as the heavyweight champion of the world, but in 1992, he was convicted of sexual assault and served three years in prison. He attempted a comeback, but was disqualified during the high-profile match in which he bit off Holyfield's ear.
The boxer earned between $300 and $400 million during his career but spent nearly all of it on pet tigers, mansions, and an expensive divorce.
Curt Schilling says he will lose all $50 million he saved playing baseball on a failed video game venture
The former Red Sox pitcher's video game company, 38 Studios, filed for bankruptcy in June after missing loan payments.
It currently owes $150 million and has just $21.7 million in assets.
Antoine Walker lost $110 million after taking out massive loans for his real estate ventures
Walker says he took out loans with eight different banks, but couldn't pay them all back at once. Here's what he said when asked if he blames his financial advisors:
“No. I don’t blame them. I blame more so myself. I think the one thing…that is difficult to do is to do investments while playing basketball. I think if it was one thing I would tell any young guy or anyone who’s playing and making money right now is to wait until the end of your career and start investing and start making money off the field or off the court.
See the rest of the story at Business Insider
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