Al plays for the Charlotte Hornets. He makes that big money and he knows how to spend it too. His huge spend was on a bed. But, wait until you hear the specifics of it.
He bought a bed that was 10 feet wide by 12 foot long. He could fit a family in that thing. But, it’s just for him and whoever else he wants to get in it. He spent a whopping $23,000. Some people have cars that ran that much.
Arian is an offensive lineman. He wanted to show them his appreciation for keeping him protected throughout his games. So, he bought them all a Segway. But, there was a slight problem with that.
The average Segway can hold about 260 pounds. His linemen each weigh way over that. So, his expenditure of $35,000 was probably donated to some kids in the community who could use the Segways better than they could.
Curt is known for pitching for the Boston Red Sox. Coming back from a 3-0 deficit in the ALCS Championship, Curt pitched the team into a 7th game where they won. The first time that has ever happened in the Major League of baseball. But, where did his money go?
He invested $50 million into a video game firm called 38 studios that was supposed to compete with EA sports and Activision. It didn’t do well and the company had to close. Curt lost his entire $50 million.
Darren McFadden is almost done. He is just about to retire from his NFL career. But, will he have anything to show for it? That all needs to be seen because of his spending habits.
One purchase he made is a 1972 Buick Centurion. Yes, a Centurion that he had pained purple and green. He jacked it up on enormous 32″ wheels and a 15″ custom lift. Not much of an investment. Hope it makes him happy.
Deuce was an awesome running back for the New Orleans Saints. He played 8 years and earned about $70 million. But, he filed bankruptcy after 3 years of retirement. How does something like that happen?
In an attempt to invest his money just before going broke, he invested in a Nissan dealership in Jackson, Mississippi. But, it did horribly. Not only did Deuce lose $1.5 million in the deal, but the dealership was left owing $7 million to Nissan Motors.
For some reason, Eddy had to borrow money from a loan company. But, they talked him into signing for a 85% interest rate. The loan was for $575,000. You’re wondering what’s so bad about that?
The payoff came to about $1.2 million and the loan company took him to court before he even had a chance to pay it off. He was having a hard time making the payments. What he revealed in court was that his expenses were too high, of them was a $1000 cable bill a month.
A rising star in the NBA, his career was ended shortly by his many injuries. But, he was making good money. What did he spend it on? Well, a swimming pool. But, this is no ordinary swimming pool.
He spent $500,000 on just the waterfall made from imported stones. Then, he built an underwater entertainment complex that cost another $500,000 complete with a tv, bar, and fish tanks. That cost does not include the fish and the sharks swimming around in there.
Jarrett plays for the Nets. He earns some really good money and actually has something to show for it. Well, not anything that could be traded for value. But, it has value to him.
It appears he has a thing for shoes. Some he’ll never wear more than once. Some he probably has never worn. There are 1,500 shoes valuing at over $375,000. Wonder how much the closet cost to house all those shoes?
John is a one of a kind. His clothes tell it all. But not only that, he just stands out from most golfers on the course. His spending habits are the worst. He actually had a drug and alcohol problem. But, his financial problems go much deeper than that.
He also has a gambling problem. It’s a famous story the time he won $1.65 million in golf winnings and then cashed them in to go party in Vegas. He lost it all in the slot machines. That’s right! The slot machines…one quarter at a time.
In 9 years, Marquis has played for 4 different teams. he normally sits the bench. But, he earns a cool million to do so. What does he do with it?
One time, he commission a jeweler to make him a cool necklace. It was designed to look exactly like him and it cost $100,000 complete with 14k gold and diamonds. It weighs about 3 pounds.
The awesome baseball player for the New York Yankees, he played for several other teams as well over his 21 season career. But, few knew that he was a hardcore car collector. At one time, he had about 130 cars.
The thing is that a fire destroyed his warehouse and a quarter of the cars he owned. That was about 35 cars that were worth about $4 million if you add the $800,000 building a housed them in.
Vince had a very disappointing NFL career. He was an up and coming star how played for the Texas Longhorns. But, that didn’t quite work out. What did work out was the $26 million rookie contract he signed with the Tennessee Titans. Where did it go?
Well, he blew it. He blew it fast. In fact, one purchase was so ridiculous he bought an entire flight when he had to fly from Houston to Nashville. It was a regular airliner. He just wanted every seat on the flight. He paid $22,000 for a 2 hour flight. The kicker is that now he’s bankrupt. Imagine that!
He played for the Minnesota Twins, Los Angeles Angels of Anaheim, and the Detroit Tigers until 2015. He was an outfielder and he made some good money. But one thing he thought was going to make him big time money was a hilarious backfire you need to hear. Just you know, in case you ever seen it coming your way.
It was supposed to be the next big thing. Furniture that floats in a flood. If caught in a flood, people can float their way to safety. He invested $70,000 in the idea. But, the guy took his money and ran off with it. With nerve, he came back to see if he could get another $500,000 out of Torri. But, he got smart by that time and moved on.
He played five seasons with the Milwaukee Bucks. He signed a $44 million deal. That was a good salary and off he went to celebrate.
One of his purchases was a nice set of tattoos. But, the tattoo artist spelled the word “receive” wrong. Larry laughed it off. But, that’s about the worst things a tattoo artist can do.
One of the most well-known NBA stars, Allen was awarded a $150,000 salary. His endorsements have him earning much higher than that. But, what he said in divorce court when he was divorcing his wife shocked everyone in the room. He couldn’t afford a cheeseburger. How is that possible?
He loved buying jewelry. He overdrew his account at one time by $23,000 because he went to a jewelry store, but he also ate at a steakhouse and stayed in a hotel that day. One jewelry store sued him for $860,000 because he hadn’t paid for the jewelry he got from them. What’s sad is his wife had to sell his jewelry off just to be able to supply their kids with school supplies and to pay the rent.
Floyd is known for extravagant spending. He carries around a million in a bag at all times. He has his own jets and some of the most expensive cars on the planet. But, what is he going to do after he retires? He better get a hold of a good financial advisor by then because some of his purchases don’t make much sense.
One purchase he made was for an iPhone case. He had it custom made with diamonds. It’s for an old style iPhone, so no one would ever want it now except as a keepsake. He spent about $50,000 on it and will not be able to get anywhere near that if he tried to auction it off to pay his rent.
Everyone knows Mike Tyson wasn’t too smart with money when he had it. One of his main bonehead purchases with his Bengal Tigers he bought for $140,000. That would be fine if it weren’t for the $8000 a month it costs to feed them, the $2000 a month for the insurance, and the $125,000 a year he paid a personal trainer to take care of them.
One time, the top of his game in the NFL. He made $80 million playing the game. But, what did he do with all his money? One thing was when he invested in a Bingo Hall with $2 million.
The thing about that was it was an illegal gambling operation and he didn’t get the proper licenses to make it legal. So, he had to close the doors and lose his money. But, where did $80 million go? He blames it on family taking advantage of him, financial advisors leading him wrong, child support, and of course, his bad investments.
The greatest golfer to play the game. Some might dispute that claim. But, he has amassed a great fortune playing the game and all of his endorsements. No one can argue with that. So, what happened?
When scandal broke out, he lost most of his endorsements. That’s a lot of cash. Of course, his wife divorced him and that was a huge settlement. That’s about the time he went and bought a $60 million mansion. Then, he renovated it for another $20 million. It has 4 golf holes and 2 waterfronts.
Kobe was at the top of his game in 2007. He had so much money, he didn’t know what to do with it. That’s why the story at the grand opening of the Blush nightclub in Las Vegas is a legend to remember.
Gambler Antonio Esfandiari ordered 2 bottles of Cristal. Kobe and his wife were there and they were not going to be outdone. So, Kobe ordered 4 bottles. This started a bottle battle that ended with Kobe paying $21,000 for Cristal he didn’t even drink.
Scottie Pippen played along side of the great Michael Jordan. He made millions and retired in 2004. But, he decided to buy a personal jet in 2002. You might not think that’s a problem. But, wait until you hear the rest of it.
The jet didn’t even fly. After paying $4.3 million for a Gulfstream, he realized that he had to pump another $1 million to make it functional. Who does that? It’s easy. When you buy something, you take it for a ride first. Make sure you do that when you’re pumping millions into your own private jet.