Like HowStuffWorks on Facebook!

10 Surprising Bankrupt Athletes


9
Evander Holyfield
A custom-made Humvee sits outside Evander Holyfield's former 109-room mansion in Georgia. Vince Bucci/Getty Images
A custom-made Humvee sits outside Evander Holyfield's former 109-room mansion in Georgia. Vince Bucci/Getty Images

Maybe bankruptcy is contagious. If Mike Tyson is the champion of professional boxing busts, could he have infected Evander Holyfield during the infamous "Bite Fight" of 1997, during which a frustrated Tyson bit off a chunk of Holyfield's ear and spit it into the stands? Or maybe there's a more reasonable explanation for Holyfield's financial woes, like fathering 11 children with nine different women?

Holyfield was paid $34 million for the Bite Fight and earned more than $560 million during his long boxing career, which included six heavyweight titles [source: Hubbard]. But all of that child support added up fast. So, presumably, did the electric bill at his 54,000-square-foot (5,017-square-meter) Atlanta mansion with 109 rooms, 17 bathrooms, three kitchens and a bowling alley [source: AP].

Crippled by debt and unable to make mortgage payments, Holyfield was evicted from his colossal home and forced to auction all of his boxing memorabilia -- including the gloves, boots and robe from the Bite Fight -- to pay millions in legal fees and overdue child support [source: Hubbard].


More to Explore