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Athletes

25 Rich Athletes Who Went Broke

Athletes may boast eye-popping sports abilities, but when it comes to money, their inner klutzes come out. 78% of former NFL players are broke or financially stressed after retirement, and 60% of former NBA players go broke five years after retiring, according to Sports Illustrated. Broke athletes are practically an epidemic. Read about the 25 athletes who went broke below, and you’ll understand why.

(Note: Athletes’ earnings are estimated. Some numbers may be low.)

25. Raghib “Rocket” Ismael

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Notre Dame/Dallas Cowboys star; received the largest 3-year deal in football history
Estimated lifetime earnings: $20 Million

No jail time, drug charges or bankruptcy here, just bad business moves. Financial vultures bled Ismael’s riches by selling him their “fool-proof” investments. After bypassing the NFL as the presumptive #1 pick, Ismael went to the Canadian Football League and signed the largest deal in their history.

He played two years in Canada and 10 in the NFL, earning an estimated $18 million to $20 million in salary alone. He then started to invest in a series of ventures that went bust, including a Rock n’ Roll Café, COZ Records, a movie, cosmetics, nationwide phone-card dispensers, and caligraphy proverbs kiosks.

Today, Ismael does a sports talk show for the Dallas Cowboys—and looks very closely at any money he makes.

For the list of the remaining 24 athletes, click HERE.

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