24 Celebrities whose millions disappeared
Jose Canseco
Former MLB star Jose Canseco faced financial challenges throughout his career, earning $45 million from various contracts, with a peak salary of $5.8 million in 1995. After retiring, his controversial book (which included details about steroid use) and overall public image started to strain his relationship with former teammates and friends.
In 2008, he lost $ 2.5 million due to the foreclosure of his Encino mansion. Canseco later commented on his financial standing, “You know my life, this financial thing, is a very complicated issue.
Obviously, when you make all that money, people think, ‘OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even.
Then you’re taking care of your whole family.”
Currently, Canseco’s net worth is sitting at $800,000.
