Source: How Rich
Estimated earnings: $130 million.
Michael Vick was the #1 overall pick in the NFL Draft and was a three-time Pro Bowl Quarterback for the Atlanta Falcons before playing for the Philadelphia Eagles. He was one of the 50 World’s Highest Paid Athletes in 2012 according to Forbes. He was even endorsed by Nike and Coca-Cola at one point.
But when he was found guilty of being one of the “key figures” in an illegal underground dog-fighting ring for five years, he lost everything. He put up his two homes, went to Federal prison and had to file for bankruptcy.