MLB Hall of Famers who went from millionaires to bankruptcy

Harmon Killebrew   

Harmon Killebrew made roughly $825,000 during his 22 seasons in the MLB (1954-1975), which is worth about $8 million in 2023 considering inflation. The 1984 Baseball Hall of Famer wound up filing for bankruptcy less than a decade later in 1989. 

Killebrew owed more than $700,000 to banks because of business deals with advisors he thought were trustworthy. It was a failed car dealership and a car leasing company that ultimately made Killebrew go broke, according to the Washington Post. 

“First of all, you have to have somebody you can really trust and rely on and there are very few people out there like that,” Killebrew told the Washington Post. “I’m the kind of person who has a trusting nature.”

Killebrew also owed $270,000 on his home after failing to make his $2,500-a-month mortgage payments. To top it off, his wife filed for divorce – and Killebrew described the whole situation as “a living hell.”