Celebrities Who Lost It All Gambling

• Celebrities Who Lost It All Gambling Winnings
• Celebrities Who Lost It All Gambling Money
• Celebrities Who Lost It All Gambling Casinos
• Celebrities Who Lost It All Gambling Losses

All of the celebrity-goodwill she earnt from Dirty Dancing was lost. Since then she has only played minor roles in television programs and b-grade movies. In a recent interview for Channel 5 in the UK, Grey said the nosejob was the biggest mistake of her life. This is where the definition of 'lost everything' really works its dark magic. We went back and forth about whether Rice should be lower on this list, or really, even on this list. After all, he still has money. It wasn't that long ago he was suiting up for the Ravens hoping to make 2014 a comeback year. Within three weeks of that streak, he lost $11 million gambling with dice, $2 million to Chip Reese, and another $17 million playing baccarat. He made his way to Vegas and began putting down $300,000 per bet in more dice games. He lost all but his last million which he entered into a freeze out event with Johnny Chan and doubled his money. Zsa Zsa Gabor 92-year-old Gabor was one of convicted Ponzi scheme con artist Bernard Madoff's celebrity victims. Her lawyer estimates that the actress lost $7 million to Madoff and is now having to. Here are 25 examples of rich and famous celebrities who lost all of their money at one point in their careers. Some of them managed to bounce back, while others remain in financial trouble.

Professional athletes can make millions of dollars through lucrative contracts — and sometimes billions when you add in endorsement deals — but despite their high paychecks, many end up going broke. According to a 2009 report by Sports Illustrated, 78% of former NFL players have gone bankrupt or are under financial stress within two years of retirement, and within five years of retirement, an estimated 60% of former NBA players are broke. Similar fates have befallen professional baseball, golf and hockey players as well.

But where exactly do those millions go? GOBankingRates is breaking down exactly how 25 athletes lost millions of dollars, with some falling from the top of their game to financial rock bottom.

Last updated: July 28, 2020

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What would poker be without the spine-chilling feeling of possibly losing it all in the blink of an eye?

For all players, this emotional and financial roller-coaster is what makes the game worth playing. But only professional ones can bust thousands of dollars while keeping it totally cool.

If you’re freaking out when you lose a couple hundred bucks at the casino, wait until you find out how much these five professional players lost!

Estimated losses: $5 million

Gavin Griffin marked poker history as the youngest player to win a WSOP tournament, snagging the Pot Limit Hold’Em in 2004. He also won the prestigious Triple Crown, followed by an EPT in 2007 and 2008. In 2012, his total live winnings approached $5 million.

However, Griffin fired out most of this money. Alongside the cost of playing in live tournaments and the high Californian taxes, he developed a gambling addiction that cost him heavily.

He eventually had to step down several levels and go back to the lower stakes tables in order not to go completely broke.

Estimated losses: $18 million

Gus ‘The Great Dane’ Hansen has always been famous for his crazy swings: after having won four WPT’s in a year and made six final tables, amassing over $11 million, the Danish player hit rock bottom in 2014.

His losses on Full Tilt surpassed $20 million in September, losing as much as $630,000 in a week alone! He managed to get a little bit ($1.2 million) back, but with total losses of -$18 million, the man set the record of online poker losses.

If a reasonable reaction would be to curl up in fetal position and start crying, the Great Dane kept it cool, declaring : “I still have money in my pocket. My online numbers aren’t looking too pretty, but I can still afford a sandwich.”

Many professional players might have gone broke, but few with quite the same laid-back attitude.

Estimated losses: $20 millions

Of all the poker pros who went broke, Scotty Nguyen embodies the genuine old school poker legend: weird gambling superstitions, memorable punchlines, amazing bluffing skills and terrible drinking habit.

When he emigrated from Vietnam in the eighties, Scotty started earning a living by bussing tables at a restaurant. Tired of being treated poorly by his employer, he eventually decided to quit, with a $270 pay check in his backpack. He took his money to Lake Tahoe where he started playing poker and turned it into a six figures bankroll within a week.

Celebrities Who Lost It All Gambling Winnings

Until the end of the nineties, Scotty reached the poker heights, winning over $11 million in career tournament earnings. Unfortunately, his multiple addiction problems started to take over and he soon hit a losing streak that left him broke.

Estimated losses: $25 millions

Celebrities Who Lost It All Gambling Money

Former member of Team Full Tilt and two-time WSOP and WPT winner, Erick “E-dog” Lindgren counts among the poker players who made the most money of all time: as of 2016, he ranks 38th in the All Time Money List of poker with over $10 million in tournament earnings.

Unlike other poker legends often known for their excesses, Lindgren impersonated, with his friendly demeanor and pleasant table manners, the average Joe who was living the poker dream.

Sadly, Lindgren developed a severe gambling addiction which lead him to file bankruptcy several times and become. He is deeply indebted to Pokerstars (-$2.5 million), the IRS (-$3.8 million), Andy Bloch (-$1.1 million) and many other players (-$5 million).

Celebrities Who Lost It All Gambling Casinos

In 2013, Erick Lindgren entered a rehab program for gambling addicts in California.

Estimated losses: $30 millions

Stu Ungar is widely regarded as the best poker player of all times. Thanks to his uncredible I.Q. and photographic memory, “The Kid” managed to win the WSOP Maint Event three times in 1980, 1981 and 1997.

However, because of poor money-management skills and a devastating addiction to cocaine, he fired out all of his earnings.

Celebrities Who Lost It All Gambling Losses

Despite having won about $30 million during his poker career, The Kid died with no assets to his name, making him the ultimate king of all the professional players who went broke!