Malik Beasley just got evicted from his apartment after being sued twice for failing to pay rent. He made 60 million dollars playing in the NBA. Now he’s being investigated by the FBI for sports betting and is homeless. It’s shocking to me that someone could make 8 figures and still not own a house and have enough invested to set them up for life. These players need a finance guru.
Poor guy.
I hope that the NBA itself will have their series of financial literacy class every year. And it should be conducted per team to make it easier for all of them to realize that NBA career isn't forever and don't dwell into gambling while you're in the pro scene.
He's now added to the collection of those NBA players that from living a good life, to this kind of worse situation.