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Former Baseball Great Jimmy Foxx Bankrupt

Nov. 8, 1961 - Jimmy Foxx (pictured with Connie Mack in 1931), who now lives in Lakewood, Ohio, filed a voluntary petition in bankruptcy today. Foxx, who at one time in his brilliant baseball career made as much as $54,000 a year, declared his debts to be $4,260 and his only assets to be clothing and household goods. Foxx, who played for the Athletics, Red Sox, Cubs, and Phillies, was one of the greatest hitters in baseball history, capturing a vaunted Triple Crown, earning a record three MVPs, and becoming only the second player in major league history to hit 500 career home runs. A series of bad investments left Foxx broke by 1958.


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