Athletes may be good at their respective sport – but that does not hinder them from making questionable expenses every now and then.
While splurging is not bad, these expenses are quite over the top. You wouldn’t believe that someone in their right mind would buy some of these – even if they earned millions each year.
Obviously, these athletes need to take some serious financial management lessons.
This NFL player, despite a disappointing career, once bought 120 tickets on a Southwest Airlines flight – just so he can fly solo.
The Minnesota Timberwolves offered him a 3-year extension for $21 million – which he turned down. He then spent $1.5 million on a yacht. As you may have guessed, he failed to pay for it completely.
He bought a F-40 Ferrari for $717,000. He added it to his collection fo 18 luxury cars. All of these eventually led him to file for bankruptcy.
This legendary boxer had a notorious reputation – mostly for his anger management issues. But his spending habits should also be noticed. He once bought 2 Bengal tigers for $140,000 and the animals cost him $10,000 a month to feed and insure. Crazy.
This guy bought a semi-truck for $100,000. This truck consumes a gallon of gas every four miles.
He spent a whopping $1 million on his swimming pool. It is complete with a mountain-like structure, imported stones, functional waterfall and even an underwater entertainment complex.
Never wanting to be outdone, he once bought 15 bottles of Cristal – because Antonio Esfandiari, a poker pro, ordered the same.
He customized his house to have its own Bat Cave. He didn’t get it back his investment when he sold his home.
He had jewelry company Lemmerman create a Black Jesus pendant for $25,000.
He invested $50 million in a video game firm, 38 Studios. It eventually filed for bankruptcy and he lost his millions.
He once invested $70,000 on furniture rafts that were supposed to save your possessions from flooding. It turned out to be a scam.
He bought a 54,000 sq ft home for $20 million. It only sold for $7.5 million after it was foreclosed by the bank.
Yes, he was an NBA player. A benchwarmer, but he was in the NBA. This led him to live the life – despite earning less than a million each year. Talk about keeping up with the Joneses. He once had a jeweler use 3D laser technology to create a necklace in his image. It cost around $100,000.
Right after his divorce, he bought a $60 million mansion. This was after his major endorsements pulled out.
He bought a Blue Hummer for at least $50,000. Then he spent another $100,000 tweaking it. Now it is being sold for much less than that amount.
He borrowed $575,000 from a loan company with an 85% interest. You do not have to be a math whiz to realize that is a very bad deal.
He invested in a Nissan dealership that cost him $1.5 million.
He owns 1,500 pairs of sneakers – valued to be around $375,000.
He once blew $1.65 million playing the slot machines – in just 5 hours!
This player was known to be addicted to buying jewelry. Once, he spent $23,255.36 on a jewelry store, hotel, and steakhouse. His wife had to sell his jewelry to pay the rent and buy school supplies for their children.
He bought a 10×12 feet bed for $23,000. We think he plans to have his entire family sleep in it.
He has 130 cars in his collection. Unfortunately, 30 to 35 of those cars were destroyed by a fire in the warehouse that housed them. That cost him millions of dollars for sure.
He once bought each of the 5 linemen in his team a new Segway as a gift. Unfortunately, these have a weight limit of 260 pounds and the linemen have an average weight of 312 pounds.
He is known to flaunt his millions online. It is not surprising that he spent $50,000 on a custom made iPod case – something that practically nobody uses anymore.
He invested in an entertainment complex in Alabama that had bingo machines. Not only was this illegal in the state, it was also a violation of an NFL policy. This bad decision cost him millions of dollars.
He bought a Gulfstream jet for $4.3 million. The catch? It didn’t fly. Apparently, it required a lot of repairs – worth at least a million dollars.