Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

20 Star Athletes Who Went From Millions to Bankruptcy Court

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.]