Gilbert Arenas: Career Earnings: $160 million
In fairness, Gilbert Arenas isn’t quite “broke.” After all, he reportedly still makes $169,895 per years from various investments he made. But after earning north of $160 million over the course of his NBA career, Arenas had to declare that he couldn’t afford some of the finer things in life — such as putting his kids through private school, which would cost almost $92,000 per year.
Some of his more wasteful purchases included; an $8,000 Mercedes-Benz electric toy car, weekly car washes for $675 a pop, and a custom shark tank which costed Arenas $6,500 per month to upkeep.
Arenas also made financial headlines recently when he called local sheriffs to collect on a $110k defamation judgment against reality TV actress Laura Govan.