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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:

sportstalk Joey T . 2018-11-14
don't go broke betting sports come get free money bets on my chanel!!
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
Rott Dawg . 2018-10-16
Allen Iverson is broke? Did Tawanna tell you that?
121 2 . Reply
Ant Sar . 2018-10-06
Walker could have followed his fellow wildcat jamal mashburn and have invested in outback and papa John's franchises...he did it right...and he mispronounced Walker's first name.
121 2 . Reply
watchanycrap . 2018-09-08
Who’s botherd ... they’ve ad the chance to do good
121 2 . Reply
cwb0051 . 2018-08-31
Hes an Ugly Piece of Shit!..Jamie Gold..
121 2 . Reply
Last King . 2018-08-22
AI has a 32Million dollar trust fund that he can’t access until he’s 55 lol. Even if he’s broke rn he’s technically not broke because once he’s 55 he’ll be sitting on those M’s
121 2 . Reply
Will . 2018-08-17
I hate Jamie Gold.
121 2 . Reply
Pierre Morin . 2018-08-17
So in other words.. athletes are fucking idiots
121 2 . Reply
Ben Angel . 2018-07-22
Iverson: The most overrated player ever. He Never won anything. Hey Iverson, how do you win an Olympic gold medal...​ Practice, practice practice.
121 2 . Reply
Jordan Guillory . 2018-07-16
Everyone here railing on Jamie Gold The guy beat the largest field ever in main event history. Not only did he beat everyone he destroyed everyone. Look back at that year it wasn’t even close he dominated the entire tournament. Is he one of the best poker players no. However he accomplished something that very few have done and he will always have that title to his name
121 2 . Reply
Tehui1974 . 2018-07-15
A lot of dumb cunts on this list.
121 2 . Reply
phil lamonica . 2018-07-13
GREED married to stupidity equals financial divorce.
121 2 . Reply
Mark Sprinkle . 2018-07-12
I can tell you exactly why Jamie Gold went broke. He's a degenerate who gave all of his money to David Williams and a guy named Phil Collins (not that one).
121 2 . Reply
lennahc . 2018-07-12
Easy come, easy go
121 2 . Reply
Just Cameron . 2018-07-11
Jamie Gold had the LUCKIEST run of cards in the history of any single card game during his run to the 2006 title. My morning shit could have won the title with the cards he had. He’s also a tremendous douchebag. Whatever hell hole he woke up in this morning is a well deserved resting place. F this guy for welching on his pre-tournament agreement.
121 2 . Reply
rj doggman . 2018-07-01
If you notice most these ppl are in court claiming to be broke. Which any assets you have they'll take so your job is to claim to be as broke as possible. So im sure these ppl got millions put away
121 2 . Reply
Max Larsen . 2018-06-18
idiots with money.
121 2 . Reply
nbtsb . 2018-06-17
You forgot that Watanabe guy who lost over $100M gambling at the casino because he was drunk
121 2 . Reply
nbtsb . 2018-06-17
How the hell do you not mention anything at all about Iverson’s degenerative gambling habit?!?! That’s the real reason he’s broke. Ppl saw him at the casino even after he declared being broke.
121 2 . Reply
ElSpewtardo . 2018-06-10
tbh i dont get why gold is no 2. He lost half to his business associate then probably another half to the taxman. That leaves like $3M which he had in his pocket 12 years ago. Someone like Iverson squandered through way more. Mike Tyson is also a glaring omission. He spent like $300M in 17 years or something.
121 2 . Reply
Blah 0o . 2018-06-01
Click bait trash. AI AIN'T BROKE, save your time just thumbs down this shit and thank me later
121 2 . Reply
a64750 . 2018-06-01
Elizabeth Holmes was a 19 year old drop out with no medical background doh!
Michael Vick's net worth is $15 million.May 5, 2017 says Google search
Iverson receives $1 million a year and $32 million - age 55
121 2 . Reply
Shantorey Wilkins . 2018-05-27
🐷💨💨💨🙊 Shut up
121 2 . Reply
JFQ . 2018-05-17
What a bunch of assholes
121 2 . Reply
ImmortalHitman . 2018-05-14
I dont understand why people can't just buy a $500,000 house, a 50k car, and save the rest for 2 vacations a year, bills, and taxes.
121 2 . Reply
James Fields . 2018-05-09
It's expensive being rich. Money comes and goes. I've partied with millionaires and the penniless, both love to spend money!
121 2 . Reply
mrsquishyboots . 2018-05-05
Holemes is free due to her democrat connections
121 2 . Reply
GameMakerDude . 2018-05-05
What's wrong with these fucking people. How hard is it to invest your money and live off the income from your investments?
121 2 . Reply
gedstrom . 2018-04-30
A billion dollars of NEGATIVE wealth? Wouldn't that make him the POOREST person on Earth?
121 2 . Reply
Reprogramming Mind . 2018-04-25
NBA... never buy assets.
121 2 . Reply
farhad . 2018-04-21
Trump
121 2 . Reply
Ravi R. . 2018-04-20
Ravi Ramnarain, CPA, LLC is proud to present its first-ever vlog for clients and friends of the Firm. In this video, CEO Ravi Ramnarain is joined by his wife and Firm COO Devyn Ramnarain in explaining the not-so-publicized ways in which many professional athletes end up broke after the multi-million dollar contracts run out. Mr. and Mrs. Ramnarain provide some hard-hitting advice that can help prevent this from happening now and going forward. ATHLETES, YOU NEED TO WATCH THIS BECAUSE YOUR CURRENT REPRESENTATIVES DO NOT WANT YOU TO KNOW ABOUT THINGS THAT THEY MAY NOT PROFIT FROM! Check it out!!

https://youtu.be/hOLf9ZQmmKc
121 2 . Reply
ckaz007 . 2018-04-19
There's a big difference between being rich and wealthy. Rich is the example like the basketball players who blow all of their money because they don't know how to manage nor invest their money. Wealthy people, except for the guy from Brazil, know how to make their money work for them.
121 2 . Reply
Nathan Estlund . 2018-04-18
Trump wins again!
121 2 . Reply
riveral represent . 2018-04-16
if iverson secure his money in business and make his own NBA team to his net worth will multiple
121 2 . Reply
riveral represent . 2018-04-16
mayweather is next
121 2 . Reply