The storyline about a famous athlete blowing the fortune they made during their playing days is almost commonplace. In a lot of cases, the athlete is someone in the middle of the pack in terms of talent who is trying to maintain a lifestyle they feel is part of being a superstar (i.e. one involving expensive cars, a huge mansion and other unnecessary items).
Boxing has had a higher than average number of stars who have succumbed to this fate, including former world champions who, at one point, made as much as a nine-figure salary. There are a number of reasons why many of the best in the boxing ring lose all their money at an alarming rate – their promoters garnished too much in “fees,” they had love interests who helped decrease their bank account, or in some cases, they just didn’t know what to do with that large amount of cash.
It’s easy to forget to save money wisely when you’re given something so valuable — something most people don’t receive in their lifetime, let alone after some of the big-money main events that of today’s greats like Floyd Mayweather demand for a highly-anticipated pay-per-view match.
While many of the people on this list have suffered a variety of misfortunes, they all share the common result of losing their boxing fortune.