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Retired NBA player Antoine Walker (whose former fiancee Evelyn Lozada was accused of helping him go broke) appeared on the ESPN documentary series “30 For 30: Broke” recently where athletes reveal their financial struggles and how they lost their millions. 

Antoine, who had a storied NBA career as a three-time all-star, opened up about how the real estate market, gambling debts, and frivolous spending wiped out his $110M fortune.  He was forced him to declare bankruptcy in May 2010, two years after retiring from the NBA.

So what happened? 

“Personally, I was involved in a lot of real estate projects with the banks where I was the personal guarantor of the loans.  And when the recession hit back in 2007 and 2008, the banks went really hard after the money. There’s probably like 7 to eight banks that we had loans with. And it kind of hit me all at once. I had to pay back the money.”

He added, “You create a lifestyle for yourself.  You’re spending a lot of money as you’re living through a 13-year NBA career.”

Backruptcy docs also revealed that Antoine’s gambling debts, getting robbed twice and spending $2M on friends also contributed to his $12.7M in debts and left him with $4.3M from his fortune.

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