How Terrell Owens lost his fortune
Retired professional football player Terrell Owens earned nearly $70 million during his 15-year pro football career. He holds or shares several NFL records, but his quarrelsome personality complicated his career, and the fierce wide receiver went from team to team. The San Francisco 49ers drafted Owens in the third round in 1996. He then played for the Philadelphia Eagles, Dallas Cowboys, Buffalo Bills and Cincinnati Bengals. While with the Bengals, Owens had his own reality TV show on VH1, “The T.O. Show,” which ran three seasons.
Owens made several financial mistakes that consumed his earnings. He said he had no basic money management skills, did not research the people he let handle his money and couldn’t say “no” to friends and family who wanted to borrow cash. He revealed on an episode of “Dr. Phil” that he was broke but still responsible for child support and mortgages to four former girlfriends. Owens made other bad decisions, including investing $2 million in an electronic bingo business. He also lost real estate during the 2008 market collapse. He was never offered sponsorships or endorsement deals during his pro career. As a result, his net worth as of May 2017 was $0, according to Celebrity Net Worth.
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- Born: 1973
- Birthplace: Alexander City, Alabama
What he’s up to now
In 2017, Owens, also known as T.O., launched a luxury “athleisure” clothing line called Prototype 81. He also is promoting a partnership with fast-food chain Jack in the Box. Owens recently drove a van for Jack in the Box, making food deliveries in the Silicon Valley area of California.
Football analysts still debate whether Owens deserves to be excluded from the Football Hall of Fame. The Hall of Fame says Owens has not been inducted because he was an uncooperative teammate.
Terrell Owens lost his fortune. He should have followed the example of these 6 frugal NFL players.