4) Mike Tyson
Mike Tyson is one of the most famous athletes to lose his fortune. Once the youngest heavyweight champion in history, Tyson earned over $300 million during the 1990s.
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However, lavish spending on luxury cars, homes, a champagne-and-caviar lifestyle, and legal troubles, coupled with a disastrous career, led to Tyson’s bankruptcy in 2003.
Tyson’s life took a turn for the better with opportunities in entertainment, becoming an actor and starring in one of the funniest, tear-inducing scenes in The Hangover. His bankruptcy is often cited as an inspiring story of reinvention and redemption.
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Edited by Sezal Srivastava
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