1. Mike Tyson – Where Do We Start?
Tyson has made himself a lot of money in his life, but boy oh boy, has he also wasted a great deal of it. Tyson’s most prominent example may be the fact that he spent $140,000 on two white Bengal tigers…and then needed to spend another $140,000 to hire a trainer for them.
He claims that between 1995 and 1997 he spent $230,000 on cellphones and he spent $2 MILLION on a bathtub. Combine that with a penchant for drugs and it is easy to see why Mike Tyson found himself without money, despite one of the best boxing careers of all time. His peak may have come in the year in which he started out $3 million in debt and made over $60 million, but still ended the year in debt because he spent all of that money on drugs and outlandish purchases. I suppose when you’re Iron Mike, nobody had the courage to tell you when you’re wasting your money!
Sources: thesun.co.uk, therichest.com, etonline.com, vanityfair.com, tmz.com, dailymail.co.uk, nbcnews.com
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