Kwamei: Some athletes make 300 million but don’t know how to manage money. A bad financial consultant knows that he wants money

Basketball 12:11pm, 6 October 2025 128

Former NBA player Ariza said he was bankrupt and he applied to the court to reduce the child support for his divorce. His 17-year NBA career totaled $116,874,688.

Recently, Kwame Brown talked about topics related to athlete bankruptcy in his podcast channel "Kwame Brown's Parallel Life".

"Do you know what you learn when you go bankrupt? Especially when someone takes $27 million from you, you learn a lot. Now I know not only how to make money, but how to deal with it. It is unwise to trust those so-called smart people or investors when you are young. For all young athletes, if you don't have enough experience, don't give the money to anyone, they won't help you manage the money, they just take it away, which is why some athletes went bankrupt early. I know that there are NBA players who made $300 million when playing but didn't know how to manage the money, but deposited it in an account, hired a financial advisor, and the financial advisor finally suggested giving him money to invest, and he lost a lot. Once you have a financial advisor, you know you're in a passive position," Kwamei said.

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