10 Ridiculously Wealthy Athletes Who Went Bankrupt

An athlete’s high flying career is expected to bring popularity for the game and sponsorships combined with other financial benefits for the individual athlete.  Some star athletes have notoriously short career spans, and others, despite earning great amount of money fall prey to bad investments, financial mismanagements, or overtly luxurious lifestyle – squandering their wealth on speeding cars, booze and multi bedroom mansions on a beach.

Today we give you a glimpse into 10 ridiculously wealthy athletes who went bankrupt. Wannabe-rich-and-famous-players reading this, be cautious – you’ve been forewarned!

10 Ridiculously Wealthy Athletes Who Went Bankrupt

10. Dick Lane

Athletes Who Went Bankrupt
Dick Lane

Estimated earnings – $5 million

Richard Dick Lane earned the nickname ‘Night Train’ after taking a night train instead of plane because he feared flying. His nickname drew national attention and soon he found himself living the high life with tons of alcohol, three marriage and bad finance mismanagement. Following some dig in real-estate and music industry and some overseas scam, Lane became penniless. At the end he lived on $800 per month pension and died under the care of a man whom he had met on a golf course.

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9. Marion Jones

Athletes Who Went Bankrupt
Marion Jones

Estimated earnings – $7 million per year

Marion Lois Jones is a former American track and field athlete who during her heyday earned something between seventy to eighty thousand dollars plus another one million from endorsements and bonuses. In the Summer Olympics of 2000, Jones won 3 gold and 2 bronze medals which were later stripped-off when Jones was found guilty of using steroids and being linked to the BALCO scandal. Her multi-million dollar endorsement deals were pulled back, she went into debt during the court trials, had to sell-off properties and loose her million dollars worth house.

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8. John Arne Riise

Athletes Who Went Bankrupt
John Arne Riise

Estimated lifetime earnings – over $20 million

John Arne Semundseth Riise is a Norwegian footballer who was dreaded for his powerful shots and incredible stamina. At one point he was earning around $75,000 per week. But things soon escalated and Riise had to declare bankruptcy in 2007. Reports have it that Riise have had differences in opinion with his finance advisor, over investments. He has also been found connected to a case of fraud of $4 million.

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“If you don't know history, then you don't know anything. You are a leaf that doesn't know it is part of a tree”― believing in this moral I’ve decided to write about every kick-ass athlete and ancient forgotten sports that existed in this world. Happy reading sports history! You can & should follow me on Twitter.