25 Rich Athletes Who Went Broke

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15. Leon Spinks

15. Leon Spinks

Beat Muhammad Ali for the heavyweight title; Olympic gold medalist
Estimated lifetime earnings: $4.5 million over two fights

Before he lost his second fight with Ali, Spinks’ personal life slid downhill. Police arrested him four times for everything from driving the wrong way to cocaine possession. The WBC stripped him of the belt before the fight, but it went on for the WBA belt. Spinks’ lawyers and managers allegedly spent or took all of his money. Thieves mugged him on the street. In 1990, he found his son shot dead inside in his girlfriend’s car.

Spinks eventually worked for Mike Ditka as a Restaurant greeter. The company fired him. Most recently, he is stable and working at a gym again, only this time it is the YMCA, and he is the janitor.

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15. Leon Spinks

Written by Drea Knufken

Currently, I create and execute content- and PR strategies for clients, including thought leadership and messaging. I also ghostwrite and produce press releases, white papers, case studies and other collateral.