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Millionaires Who've SOMEHOW Gone Broke!

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Who’re the unfortunate millionaires who’ve gone broke?! Is it Jamie Gold who’s reportedly been broke for years? Or how about Elizabeth Holmes, who really didn’t have the money anyways? Find out about all the other “unfortunate” rich people who’ve gone broke!

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Here are the millionaires who’ve gone broke!

9 - Allen Iverson
For anyone growing up watching basketball in the late 90’s and early 2000’s, Allen Iverson was their pick for quickest crossover in the league. Iverson was blessed with enough quickness to play for 14 seasons in the NBA.
Over the course of Iverson’s career, he earned a staggering TWO hundred million dollars, with $155 million from his salary and another 40-50 million in endorsements. Because of that earning power, he allegedly traveled with an entourage of as many as 50 people at times. He showered friends and family, especially his mother, with cars, jewelry, houses and expensive vacations. However, even for someone earning millions, bad spending habits can catch up quick.
Allen’s financial situation came to light in 2012 after a judge ordered him to pay nine hundred thousand to a Georgia jeweler but apparently Iverson didn’t have the money to cut the check. He told the judge that his monthly income was $62,500 but that his expenses were $360,000. Yeah, almost 300k in the hole each month?! What kinda math is this?! Apparently $125,000 goes to paying back various creditors and mortgages, then there’s ten thousand on clothes, and another ten thousand on restaurants and entertainment. And oh yeah, ten thousand on groceries. How many people was Iverson feeding to have a 10k grocery bill?!
During the divorce proceedings with his then-wife, Iverson claimed he was too broke to even afford a cheeseburger. But in a 2015 interview on CBS This Morning, he said that the rumors of his bankruptcy were quote “a myth.” Despite being one of the highest-paid athletes in the past, the latest figures value Iverson’s net worth at just a million in 2017. To be honest, with that sort of spending he was doing, that’s not bad at all.

8 - Elizabeth Holmes
Elizabeth Holmes is the founder and CEO of Theranos, a privately-held blood test company based in Palo Alto, California. In 2015, Forbes named Holmes as the youngest self-made female billionaire in the world, thanks to a $9 billion valuation of Theranos. However, all that would quickly fall apart, because basically the company was alleged to have made up the efficacy of the company’s products!
In October 2015, the Wall Street Journal published an investigation of Theranos alleging that only 15 of the 240 tests Theranos offers are conducted on the company's signature Edison machines, while the rest were run on older traditional blood testing machines. Also, when the tests were actually run on the company’s own machines, its lab test results were sometimes inaccurate.
On April 21, 2017, the Wall Street Journal reported that an investor had alleged that Theranos had misled company directors about its practices concerning laboratory testing. According to a lawsuit filed by the investor, Theranos had used a shell company to secretly buy lab equipment to run fake demonstrations with. However, the case was settled on May 1st 2017.
Forbes eventually released an updated valuation of $800 million for Theranos, which would make Holmes’s stake essentially worthless, because investors own preferred shares and would be paid before Holmes, who owns common stock. Holmes reportedly owes a nice little 25 million dollar debt to Theranos because she exercised some of her stock options. But if you really think about it…..she really shouldn’t have technically been a billionaire anyways since a lot of the technology was just made up.

7 - Dennis Rodman
You guys remember Dennis Rodman as the Worm when he played for the Bulls right?! Most people probably now know him as one of Rocketman’s good friends! However, a lot of people forget that he was pretty much an NBA superstar who earned about $50 million throughout his career. Let’s also don’t forget about that legendary movie he made with Dane Cook called Simon Sez.

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50 Comments

    Popular Comments:

Ronnie Sasser . 2019-04-22
are we supposed to be sorry for any of these people? They all made some really stupid decisions. I feel bad for working people that have been laid off and have a hard time . These people some were crooks some were stupid well actually they all were stupid and greedy. So screw them all
121 2 . Reply
ftworthxxx . 2019-04-22
Allen Iverson?? He's as dumb as a box of rocks.
121 2 . Reply
Jay Ahn . 2019-04-18
I’m so happy that Jamie Gold is broke again. He’s just a piece of shit!
121 2 . Reply
prince charming . 2019-04-15
This title should be when billionaires become millionaires
121 2 . Reply
sebsef sebsef . 2019-04-09
None of them is broke they still have millions and billions , but here is something what an old man says,,,,, big people have ideas , middle people work heard to make the idea's coming true , and low people they eat and talk shit and they have a big mouth , I'm Albanian anyway my grandfather used to say me this ,..
121 2 . Reply
Joey the toner guy . 2019-04-06
quit while you are ahead I always say
121 2 . Reply
Kyle Broussard . 2019-04-05
$200M blown? Come on man. Take 10% of it and put it on investments that get you 10% per year. That's $2M a year from investments for the rest of your life, not including accumulation.

Fucking disgusting.
121 2 . Reply
Antonio Granatelli . 2019-04-02
I had to stop watching at #6. What the fuck is up with that music?
121 2 . Reply
Motor Sportz . 2019-03-31
Soon to join this list ...Elon Musk
121 2 . Reply
chan hyun . 2019-03-30
These athletes should get together with Jewish financial advisors.
121 2 . Reply
Bruce Im . 2019-03-25
To them money is a curse
121 2 . Reply
Tinka Bear . 2019-03-15
I see a lot of fish in the comments that got outplayed by the great mind of Jamie Gold!
121 2 . Reply
brendon kennedy . 2019-03-15
At least pronounce the dudes name correctly. AntWan not AnTon walker
121 2 . Reply
Having Tea With the Devil . 2019-03-12
Fucking 10k on groceries????? That 10k on groceries better last him at least a year!
121 2 . Reply
ebayerr . 2019-03-11
Jeff Bezos is worth 134 billion dollars.
And his divorce to Mackenzie Bezos could cost him $60 billion.
121 2 . Reply
Syed Divshali . 2019-03-10
Really 😔
121 2 . Reply
fuqui035 . 2019-03-10
if you go to bed with rodman you are a pig
121 2 . Reply
Cosmic Messenger . 2019-03-10
What about Donald Trump?
121 2 . Reply
David Torres . 2019-03-10
how the fuck he say loss at 7.16 I can't even spell that. lous
121 2 . Reply
Raul Rags Reyna . 2019-03-02
It's sad you all these old people and there is no one around them
121 2 . Reply
Yes Ready . 2019-02-26
Not difficult to imagine how Gold went through the WSOP $12M win. IRS would take close to half, not including any back taxes owed. The settlement with Crispin Leyser probably took $1-3M. Johnny Chan mentored and was by Gold's side throughout the tournament, probably for a 10-20% cut. So Gold probably netted $1-2M after the win. Friends & family, debts and a few bad business ventures later and there you have it.
121 2 . Reply
K Adams . 2019-02-23
You lost all credibility out the gate Allen is no where near broke
121 2 . Reply
TakingItEasy . 2019-02-05
Broke for them is not the same as broke for me. Tell me how hard it was living in your car for months and eating a sandwich a day from a charity. Go on, mthrfkr, tell me. You had all that, so much more than most of use, and you went 'broke'. Serves u right.
121 2 . Reply
Jmachine4 . 2019-02-02
Boring video, boring voiceover person
121 2 . Reply
Andrew Miller . 2019-01-07
Ms. Holmes is beautiful got lips made to...........chew on a meat whistle!
121 2 . Reply
edwinhopkins0 . 2019-01-04
Add monger
121 2 . Reply
Adam Stade . 2018-12-18
exspecially is not a word
121 2 . Reply
Explorer Mike . 2018-12-14
too many commercials. I didn't watch the whole thing.
121 2 . Reply
Elluka Heights . 2018-12-13
I’m really happy what happened to Patricia kluge
121 2 . Reply
duane rosencrans . 2018-12-12
Does anyone really give a fuck, or feel sorry for these tards? Just asking.
121 2 . Reply
SurfingKook . 2018-12-11
Truth is everyone goes broke when they die so what's the big deal!?
121 2 . Reply
Jay Bee . 2018-12-10
Trump killed it on that estate deal.
121 2 . Reply
Stephen Harlow . 2018-12-08
I was hoping Jamie Gold was Living in the streets like a BUM
121 2 . Reply
Garrison . 2018-11-30
Bears make money in a bear market, Bulls make money in a bull market and pigs get slaughtered. Don't be a PIG
121 2 . Reply
cool naj . 2018-11-27
(Am not a rich but still I can give)
121 2 . Reply
ShawnDRuth . 2018-11-24
#8 was a con/scam/fraud. She scammed a lot of people.
121 2 . Reply
Alex da Vinci . 2018-11-11
Ahh! Feels good not to lose billions that you don't have!
121 2 . Reply
Martin Morgan . 2018-11-09
Dum ass
121 2 . Reply
Martin Morgan . 2018-11-09
Dime
121 2 . Reply
Coach B . 2018-11-09
I don't understand he Kluge woman rising most of her fortune on expanding the winery. That business should have been a hobby.
121 2 . Reply
Michael Affleck . 2018-11-01
Allen Iverson is not broke, he still has the lifetime contract with Reebok which is worth at least $30 million. Lifetime means he will be getting paid by them for his entire life.
121 2 . Reply
rustypumpkins . 2018-10-28
Jamie gold is such a douche
121 2 . Reply
Stang5.0 killsya . 2018-10-28
"Self made", yeah if a criminal con artist getting rich is considered self made...
121 2 . Reply
Mike W . 2018-10-27
Jamie Gold is a bellend
121 2 . Reply
Coach B . 2018-10-26
Do we ever hear about BILLIONAIRE'S who've gone broke ?
121 2 . Reply
J. A. . 2018-10-26
Trump and the art of the deal. buy low sell high
121 2 . Reply
ochaze1 . 2018-10-26
Wtf was Sean Quinn doing?! Antoine Walker looks so defeated in each picture smh
121 2 . Reply
TEE NUTZ . 2018-10-23
😂🤣😂🤣😂🤣😂😂🤣🤣😂 hahahhahahahahhahhahahah
121 2 . Reply
Maros Marinas . 2018-10-22
nice ..pokers ..
121 2 . Reply
Rocky yahoo . 2018-10-18
Show off kills all ... I couldn't see whole vdo .. felt bad for these peoples.
121 2 . Reply