ESPN recently aired a “30 for 30” documentary that takes a look at how millionaire athletes lose it all. The film Broke features several athletes, sports agents and financial advisers who give testimonies on how million-dollar contracts don’t guarantee lifelong wealth.

Click continue to view a list of 15 millionaire athletes who filed bankruptcy.

A.R. Shaw

A.R. Shaw is an author and journalist who documents culture, politics, and entertainment. He has covered The Obama White House, the summer Olympics in London, and currently serves as Lifestyle Editor for Rolling Out magazine. Follow his journey on Twitter @arshaw and Instagram @arshaw23.

  • USArmy

    Stupidity is a main reason. Look at what they spent their money on. Do you really need all that? Who needs a 100 room house? I don’t have any sympathy for anyone who loses millions and didn’t plan for their future.