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.

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  • 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.