At the end of 2006, Sports Illustrated magazine estimated Vick's annual income between his NFL salary and endorsements at $25.4 million, ranking him just below NASCAR's Dale Earnhardt, Jr. in a listing of highest earning athletes.
Vick's finances suffered, however, from poor management, bad investments and lawsuits. Certified Financial Planner Michael Smith advised Vick from 2003-2005, but resigned after Vick took bad advice from friends, made ill-conceived investments, overspent, and otherwise undermined the wealth-building plan that Smith had created.
Smith's plan was for Vick to have a net wealth of $100 million by 2010; by that date Vick was actually an estimated $20 million in debt.
