20 Star Athletes Who Went From Millions to Bankruptcy Court

By InvestingAnswers Staff
April 27, 2011

Professional athletes seem to have it all: fame, fortune and glory. But sometimes the fame and glory catch up to the fortune, and the money disappears faster than the once-remarkable career.

Not all the athletes on this list squandered their entire lifetime earnings on extravagant lifestyles -- bad investments and marriages certainly played a part in some of the downward spirals. But many on this list are here because of flagrant financial mismanagement. 

Exotic pets, pistachio farms and perjury with the IRS are just a few ways these 20 star athletes took their millions and lost them all.

[When you're done with this slideshow, make sure you check out 12 Star Athletes Making a Second Fortune With Savvy Investments.]