I wonder what the highest career earnings are for somebody who went broke after they retired.
I can easily see how the majority of pro athletes who make $5m or $1m or less only over a couple of years and are financially illiterate can blow it all in a heartbeat. But if Ant goes broke, who will have earnings of almost $300m after his current contract (and is guaranteed to make a lot more without a career-ending injury), that absolutely has to be #1.
He could pay $100k/year in child support (Dwight Howard pays $36k/year) for 20 kids for 18 years/each and that amounts to $36m, which is only 12.5% of what he will have earned by age 27.
In order to spend all of his guaranteed money, he would need 161 kids on child support to blow it all. Or 446 kids at Dwight Howard’s child support payments. Does he got that dog in him?
I live in NY where it can be up to 21 if they are still claimed as a dependent. He’s going to have to play to his 40’s at this rate to afford all these kids lol.
I wonder what the highest career earnings are for somebody who went broke after they retired.
I can easily see how the majority of pro athletes who make $5m or $1m or less only over a couple of years and are financially illiterate can blow it all in a heartbeat. But if Ant goes broke, who will have earnings of almost $300m after his current contract (and is guaranteed to make a lot more without a career-ending injury), that absolutely has to be #1.
He could pay $100k/year in child support (Dwight Howard pays $36k/year) for 20 kids for 18 years/each and that amounts to $36m, which is only 12.5% of what he will have earned by age 27.
In order to spend all of his guaranteed money, he would need 161 kids on child support to blow it all. Or 446 kids at Dwight Howard’s child support payments. Does he got that dog in him?
36k/year seems surprisingly low for someone who made as much money as Dwight
Mike Tyson went bankrupt after career earnings of like $300-400 million.
Taxes
AI made >$150MM over his career and yet still declared bankruptcy in 2010. He might be the highest off the top of my head.
This tops Antoine Walker who was someone else I thought of.
Cuz there are no 4’s!
Didn’t AI get caught up in something that lost bunch of people money? Like a ponsi scheme or something dumb.
Allen Iverson went broke - blew through about $200 million in about 15 years. He still had resources and got rich again, but he burned a lot of money.
I live in NY where it can be up to 21 if they are still claimed as a dependent. He’s going to have to play to his 40’s at this rate to afford all these kids lol.