Joe Smith: Spent $61 million
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The former #1 overall pick of the 1993 NBA Draft, forward Joe Smith earned upwards of $61 million over the course of his 16-year NBA career. But only a handful of years after calling it quits, Smith reportedly has debts currently in the neighborhood of $157,000.
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Smith admitted that, after taxes, agent fees and management fees, he actually took home about $18 million over the course of his career. But between bad Real Estate investments, a luxury car collection (which included a Bentley and two Range Rovers), a costly divorce, and other bad investments.
Original Net Worth: $61m
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