Who are the Richest Boxers (today) not just overall earnings.

[Beanflicker]

Despite losing his last three fights and walking away from boxing in 2007, Vargas has been looking at a return to the ring in 2011. The reason is simple—he's broke. Or maybe he's not. It all depends on who you believe.

Over the past few years, Vargas has had a number of strange court cases. He's charged his former manger with embezzlement. The manager denies the charges. He's tried to have his mother evicted from her home. He claims that it is his home and that when she was his manager, there were "financial improprieties." Fernando's name has also come up as a victim of a financial swindler.

It's impossible to know what is true, but if Fernando's correct in all these cases, he's a magnet for thieves.

A lawyer for Vargas has admitted that Vargas has "financial problems." It's hard to say if this means the money is all gone or not, but it may mean a return to the ring for a man who probably shouldn't be there.

[Beanflicker]

Sadly it's easier to name those who HAVEN'T gone broke.

Vinny Pazienza, known as Vinny Paz, former World Champion, started his career as a Lightweight and ended as a Super Middleweight. His career inside the ring seemed to be a never ending series of "ups" and "downs." Unfortunately for the Rhode Island native, financial life outside the ring was mostly "downs."

Vinny developed a gambling habit. A very large gambling habit. The kind of gambling habit that leaves a man with six-figure markers in casinos. Like any addicted gambler, Vinny apparently believed that he was only one good run—one lucky streak—away from getting even. Inevitably, this led to a criminal charge of passing bad checks in a Vegas casino when the credit lines ran dry.

Some people might cut their losses at this point and hope to work down the debt over time. Not Vinny Paz, though. Paz gathered up all the money he had left and decided to gamble in a different way—he became a stock market investor. Supposedly, he blew $1 million in the market before calling it quits.

Despite $6 million in career earnings, Paz was in debt to the tune of $2 million at this point. Bankruptcy was the only option.

[Beanflicker]

Tommy Hearns and Emmanuel Stewart were in hot water with the IRS.

Popular HBO commentator Emanuel Steward was slapped with a tax lien last month for owing the Internal Revenue Service (IRS) about $38,000 for fiscal years 2006 and 2007, according to The Detroit News.

Steward has trained over 30 world champions including Evander Holyfield and Thomas Hearns.

Thomas "The Hitman" Hearns himself is facing foreclosure on his home and owed nearly $1 million in unpaid taxes and mortgage payments. (Hearns reportedly earned close to $40 million during his career.)

Regarding Emanuel Steward, penalties and interest caused his tax debt to balloon to close to $48,000. HBO's popular commentator said that he recently paid off his tax bill, and blamed the late payments due to possibly not checking his mail.

[SlimTrae]

Vargas tried to evict his mamma? Reminds me of when Gary Coleman took his parents to court for his money made on different strokes.


Damn, only one other guy I know of that lost so much...

[SlimTrae]

Damn Bean...this thread makes me wanna listen to the Police

[Beanflicker]

[Master]

That is very depressing but I like how they always blame women, gambling, drugs, bad advice for the problem when the buck stops with them.

[tysonesque]

That is very depressing but I like how they always blame women, gambling, drugs, bad advice for the problem when the buck stops with them.

Exactly.

Tyson is the worst offender. When it comes to shifting the blame and self pity, he's still the undisputed champion.

[Beanflicker]

That is very depressing but I like how they always blame women, gambling, drugs, bad advice for the problem when the buck stops with them.

Exactly.

Tyson is the worst offender. When it comes to shifting the blame and self pity, he's still the undisputed champion.

A fool and his money are soon parted, as they say.