Darius Miles: Spent $61 million
With the 3rd-overall pick in the 2000 NBA draft, the Los Angeles Clippers selected 6-foot-9 small forward Darius Miles, straight out of high school. Miles played well his first few seasons in the league, earning All-Rookie First Team honors. Alongside teammates, Quentin Richardson, Corey Maggette, Lamar Odom, and Elton Brand — the young Clippers entertained fans with their exciting, high flying style of play.
But after just two seasons in L.A. – Miles was traded to the Cleveland Cavs. In the years that followed, Miles’ career was derailed by injuries, forcing him to miss two full seasons, and eventually retire when he was just 27-years-old.
Now let’s talk about money. Despite earning more than $66 million during his 8-year career, in 2016, Miles revealed that he was dead broke. Like most young athletes, his story of rags to riches — then back to rags — was in large part due to excessive spending — by himself and those around him. As you can see in the photo above, “D-Miles” was a big fan of big jewelry.
Original Net Worth: $61m