The most likely cause for his downfall was excessive gambling and poor financial decisions, although the exact reason remains unclear. He declared bankruptcy in 2014 with an estimated $12 million in debt. Tom Dwan is another famous poker player who has experienced financial difficulty. The exact cause of his downfall remains a mystery, but it could have been due to risky investments or bad spending habits. However, he declared bankruptcy in April 2016 due to massive debts accumulated over time. Michael Mizrachiīorn in 1982, Michael Mizrachi is one of the most accomplished poker players in history. After a few failed investments and bad spending habits, Esfandiari realized that he had dug into a deep financial hole. Unfortunately, his luck ran out when he declared bankruptcy in 2016 and claimed to have around $20 million in debt. Antonio EsfandiariĪntonio Esfandiari is a well-known professional poker player who has had great success. His financial setbacks have had no bearing on his abilities as one of the top players in the world. Nevertheless, Lederer has returned to the competitive poker scene despite his legal issues and sizable debt. Lederer was accused of mismanaging funds, which led to millions of dollars in unpaid debts. He declared bankruptcy in 2018 after being sued by the Department of Justice for his involvement in the Full Tilt Poker scandal.

Howard Lederer is yet another poker pro who found himself in hot water. The exact cause for his downfall is unknown, but some theories attribute it to excessive spending and bad investments. In the early days of online poker, he was a notable face but eventually declared bankruptcy in 2012 with debts totaling nearly $30 million. Chris FergusonĬhris Ferguson is another famous poker player who ran into financial trouble. Ivey made a comeback, though, and has since become one of the most successful poker players in the world.

The exact reason behind his financial ruin is unknown, but it’s reported that he spent heavily on luxurious items such as a private jet and a luxury ranch. However, in 2011, Ivey filed for bankruptcy, claiming to have more than $50 million in debt. Phil Ivey is one of the most famous professional poker players and has been playing the game since he was a teenager. This article will explore cases in which professional poker players lost everything due to poor money management. The lure of the high stakes and the potential for lavish rewards is too great for many to resist, but in the end, it proves to be their downfall. It is a well-known fact that professional poker players often go bankrupt.

Poker pros who went broke