After Making $80 Million In NFL, Antonio Brown Files For Bankruptcy With Just $50,000 In Assets
After filing for bankruptcy, ex-NFL wide receiver Antonio Brown may lose his extravagant properties, including an $11.3 million home. The former Tampa Bay Buccaneers player owes almost $3 million to eight creditors, totaling nearly $24 million. According to the filing, Brown only has $50,000 in assets despite earning $80 million across his entire NFL career.
Brown, 35, currently owns three properties in his home state of Florida. His main home is an $8 million mansion in Fort Lauderdale boasting 18,000 square feet and 12 bedrooms. Brown’s mansion also features a home theater, gym, elevator and synagogue. In 2018, Brown said he wanted a synagogue on his property so his Jewish friends could have a space for prayer.
Brown owns two other properties, priced at $1.8 million and $2.9 million. All three of his homes come to a total of around $11 million. Brown also previously owned a mansion in Pennsylvania, sold in 2021......
I imagine he has lawsuits after him for some of the stunts he pulled over the years. Best to look broke. His life been a disaster so it wouldn't be much of a surprise [Reply]
After Making $80 Million In NFL, Antonio Brown Files For Bankruptcy With Just $50,000 In Assets
After filing for bankruptcy, ex-NFL wide receiver Antonio Brown may lose his extravagant properties, including an $11.3 million home. The former Tampa Bay Buccaneers player owes almost $3 million to eight creditors, totaling nearly $24 million. According to the filing, Brown only has $50,000 in assets despite earning $80 million across his entire NFL career.
Brown, 35, currently owns three properties in his home state of Florida. His main home is an $8 million mansion in Fort Lauderdale boasting 18,000 square feet and 12 bedrooms. Brown’s mansion also features a home theater, gym, elevator and synagogue. In 2018, Brown said he wanted a synagogue on his property so his Jewish friends could have a space for prayer.
Brown owns two other properties, priced at $1.8 million and $2.9 million. All three of his homes come to a total of around $11 million. Brown also previously owned a mansion in Pennsylvania, sold in 2021......
And unlike any ordinary person, he’ll have endless resources to maintain his lifestyle.
Well, apparently not.
It boggles my mind how some of these guys can burn through money. At some point how do you not at least set up an annuity or trust fund to protect yourself from yourself? [Reply]
Originally Posted by Rain Man:
Well, apparently not.
It boggles my mind how some of these guys can burn through money. At some point how do you not at least set up an annuity or trust fund to protect yourself from yourself?
I will admit that I didn’t learn about basically anything to do with finance until I was into my 30s. I imagine it’s probably pretty similar for a lot of these players and the average NFL career is over by 26 or 27.
Even now, you could fill the Grand Canyon with all the information I don’t know about money management.
(I am 100% NOT the type of guy who would go broke after earning tens of millions, just offering my perspective.) [Reply]
Originally Posted by Rain Man:
Well, apparently not.
It boggles my mind how some of these guys can burn through money. At some point how do you not at least set up an annuity or trust fund to protect yourself from yourself?
I thought there was a plan for players. to set them up with help so when those checks come in, they set things aside.
It's Brewsers Millions if you can burn through 80 million. [Reply]
