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"We might make a lot of money but, we also spend a lot of money."
Patrick Ewing
Scottie Pippen
Known more for his on court defense than his off court business sense, former Chicago Bulls star Scottie Pippen lost $120 million in career earnings due to poor financial planning and bad business ideas. Air Jordan’s sidekick blew $27 million on bad investments and spent $4.3 million on a Gulfstream II corporate jet.
http://sports.yahoo.com/top/news?slu...yhoo&type=lgns
"We might make a lot of money but, we also spend a lot of money."
Patrick Ewing
sons only $4.3 million on a GULFSTREAM II? that wasn't a bad investment, that's a of a deal. that jet usually cost like $10-14 million. Scottie must have bought one that was missing a wing or something.
son because most of these spoiled, ass clowns in the NBA don't have enough sense to poke piss out of a boot.
What did Pippen blow the other 93 million on.
Wonder how much of this blown dumb athlete money is on gambling?
I bet a lot.
son just think about how much both he and Jordan probably spent on white women.What did Pippen blow the other 93 million on.
Wonder how much of this blown dumb athlete money is on gambling?
I bet a lot.
No offense to black ppl on this site but a lot of newly rich Athletes & Entertainers are damn bad with managing their money..Most of them grew up with nothing so right when they get that money, they want 5-10 cars they don't need, a 15,000 sq ft pad with versace furniture & gold chandeliers, ridiculous jewelry, 3 maids, 2 personal chefs, fur coats, etc etc. hahaha..And a lot of them also fall for bull business investments.."Hey, if you invest 5 mil in my company, I'll double your money in 2 years" type of hahaa..Hopefully a lot of em are getting smarter with their cash especially in this economy.
At least Kobe didn't "spend" money on white women
what an idiot.
son the whole "they grew up with nothing" excuse is VERY old. its 2010 now and for decades professional athletes, actors, etc. have been given opportunities for financial advice. even if they didn't go to college or take any type of finance classes, MOST professional sports teams have a finance guy to help them. regardless ... if you sign a $15 million dollar contract, then buy a $10 million dollar house, $2 million worth of cars, etc., etc. then you deserve to lose your money.
No pity for these idiots.
Just sticking it in a bank and earning simple interest would suffice.
Everybody in here could live rather well just on 1/3 of what these dummies earn.
Geez.
He doesn't look very amused.
I'm betting he's really laughing his ass back on
BR one of the most INTELLIGENT posts you ever made ...lack of education is no excuse. their are drug dealers in the hood that can handle money ...watch "the Wire" greatest show in the history of TV ...based on real life characters in East and West Bmore ...
Except when Stringer gets "rain-made" by Clay Davis.
I'd say it's a little simpler to manage your money if you're making it off the corners. At least it's all cash, relatively easy to account for. These pro athletes, though, I'll bet in most cases they don't ever get to "see" their money, making it harder to keep track of.
And not all of these guys are black, either, FWIW. Bernie Kosar is something like 19 million in debt right now. He took a bath in the Florida real estate market. It happens.
It might just be me, but I love when people say cool business lingo things like "he took a bath in the Florida real estate market. It happens."
You'd probably laugh more if you knew how ridiculous cool business lingo was coming from me.It might just be me, but I love when people say cool business lingo things like "he took a bath in the Florida real estate market. It happens."
FAIL. His name is MAO. Get it? LMAO?
He lost all that money and didn't fix his nose or bumpy head?
No ! His head looks like a ing raisin.
Magic Johnson seems to be the poster boy for NBA player who took his fortune from his playing days and parlaying it into successful business ventures.
But the guy still pimps himself for commercials for low-rent places like casinos, rent-to-own joints, and payday advance scammers. It is flat-out embarrassing.
haha BRHornet speaking epic truth on this thread.
also i agree with the great jamstoe-all that money and he didnt fix his notoriously galactically flat nose (not even stphen jackson can rival it)???
this isnt hard to imagine. one day a star athlete is making $10 million a year and when he retires, he makes 0. they have to start planning financially for the rest of their life from day one of their careers but of course fail to do so when the money is rolling in.
is it just me or have you guys noticed a *certain trend* in those pro athletes who foolishly squander their fortunes? it seems there is *this one common theme* that unites them...can quite put my finger on it but it seems like there is a *certain kind of player* who is always the one that squandes their fortune...
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