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Top 10 Athletes Who Should Have Hired a Good Accountant

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Steve Berman

Steve Berman is the editor and manager of LedgerLink, a social network featuring news, job listings and advice for accountants and those seeking accounting jobs. He writes about accounting and finance issues from entry-level through senior management. Check out LedgerLink for accounting jobs and related advice.

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• 5-Step Guide to Becoming an Accountant

Everyone could use a good accountant to help them navigate the world of finance and taxation, but perhaps no segment of the population is in greater need of good money advice than professional athletes.

Several pro jocks pull in more than your average CEO, but with a caveat many of them forget or ignore: athletes’ careers last ten to fifteen years at the most. Toss in gigantic entourages, frivolous purchases, shady financial advisors and high divorce rates (and the alimony and child-support payments that come afterward), and the idea of athletes enjoying generational wealth is often just a myth.

Countless athletes have gone from riches to rags. Here’s the top 10 pro athletes who would have benefited greatly had they gotten some solid advice from a great – and don’t forget honest – accountant: