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What’s less understandable is that a good number of these wealthy individuals end up filing for bankruptcy at some point in their lives. Especially famous athletes, who make all of their money ...
But Portis filed for Chapter 11 bankruptcy and was basically broke by 2009. Portis told Sports Illustrated that trusting the wrong people was a major contributor to his financial downfall.
Kenny Anderson was broke the day he left the NBA, despite earning $63 million in salary. After filing for bankruptcy, he became a K-12 school teacher. Jack Clark filed for bankruptcy twice, in 1992 and 2018, the latter with his wife. [32] Lenny Dykstra filed for bankruptcy in 2009.
A TMZ report last week revealed that former NFL star Chris McAlister has joined the bread line of pro athletes gone broke. McAlister, a three-time Pro Bowl choice with the Baltimore Ravens, is ...
Bankruptcy fraud, concealment of assets, money laundering 6 + 1 ⁄ 2 months imprisonment, 500 hours community service, $200,000 in restitution [231] Released in June 2013 after serving a total of 13 months (7 while awaiting sentencing, 6 + 1 ⁄ 2 afterwards). Placed on probation for three years and also ordered to complete substance abuse ...
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The actress was near bankruptcy at the time, and today only has a net worth of $800,000. Related: 23 Celebrities Convicted of Tax Evasion Kelly Rutherford 66th Emmys
The bankruptcy followed a judgement awarding Main Line Pictures $8,100,000 against her for walking away from the movie Boxing Helena. [151] The case was eventually settled for $3,800,000. [148] [151] The bankruptcy was later converted to Chapter 7. [152] [150] [149] Her assets included a large portion of the town Braselton, Georgia. [152] Fife ...