The global expansion of sports entertainment has catapulted the WWE brand to new heights. Revenues have grown exponentially, as have the paydays of their superstars. Like most professional athletes, the body has an expiry date. While impressive fortunes can be accumulated in abbreviated amounts of time, the real fight begins only after the in-ring careers hit their expiration dates.
With great wealth comes great power, and self-owed responsibility to manage resources accordingly. However, as we will notice, this is sadly too often not the case. Extended time on the road and away from families can cause strain on personal lives, and damage marriages. Divorce is an expensive process. Several divorces are even more expensive. Long hours of travelling can also lead to solitude despite a constant entourage. Many tend to turn to illicit substances as coping measures, and develop harmful and costly addictions. Others will seek refuge in drugs and alcohol to help with the pains and bruises of being a professional wrestler. A few really just like to party.
Ex-wrestlers who suffer from post-career identity crises will often fall victim to their demons as well, and these demons have expensive taste. Any one or a combination of the habits listed above can force a pro-athlete/wrestler to burn through their funds at alarming rates. Sadly, we will notice reoccurring themes with the 12 wrestlers on this list who have filed for bankruptcy after their performing careers were over.
10 Joey Mercury
9 Dynamite Kid
8 Perry Saturn
7 X-Pac Sean Waltman
6 Lex Luger
5 Jimmy Snuka
4 Jake "The Snake" Roberts
3 Ric Flair
2 Scott Hall
1 Hulk Hogan
Hulkamania is undoubtedly the most recognizable name in pro wrestling history with the highest branding potential known to the industry. No one's name has generated more revenue and attention to the brand than that of Hulk Hogan. His star power has transcended into an accomplished movie career and endless endorsement deals outside of the ring, on top of being one of the highest earning stars in sports entertainment history. Nonetheless, real life tends to complicate things as it often does, and Hogan has found himself in financial disarray on more than one occasion. At the forefront of several significant lawsuits which cost the Hulkster millions, he has had to continuously battle to clear his name in several high profile suits ranging from testifying in Vince McMahon's favor surrounding the WWE steroid scandal in 1997, and most recently his bout against rumor website Gawker which released his sex tape without his permission. In addition to a crippling and lengthy divorce trial, Hogan was practically deleted from all WWE archives in late 2015 when evidence of racially insensitive comments were made on his part. Hogan had seemingly hit rock bottom. In a turn of events, Hogan was awarded a $115 million settlement for his defamation lawsuit against Gawker, which hopefully can help rebuild the unequivocal industry icon.
Sources: bleacherreport.com, people.com, tmz.com
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheRichest?Get Your Free Access Now!