These NFL and NBA Players Lost Their Fortunes After Retiring

Published on July 6, 2023
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Ray Williams

Over the course of his 9 years in the NBA, Ray Williams bounced around different teams. He earned about $2.5 million during this time, but by the time he retired, he applied for his NBA pension as he declared bankruptcy in 1994. He lost the $200,000 he received from the NBA after moving to Florida and falling prey to a real estate scam. By 2010, he was living in a car in Pompano Beach. He began to build himself back up later that year when he got a job at Mount Vernon’s Recreation Department. He passed away in 2013 from colon cancer.

Ray Williams

Ray Williams

Kenny Anderson

Kenny Anderson had a great career early on with the Nets, especially 1994 when he made the All-Star Team. The later half of his career was not as great, and though he earned $63 million, by the time he retired he was struggling financially, especially since he had to pay child support for his seven kids with four women, as well as divorce settlements. He filed for bankruptcy in 2005.

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Kenny Anderson

Kenny Anderson