Fame and fortune come together most of the time. However, there are always exceptions to the rule. While most of us would think that celebrities are rich, there are some cases that confirm the opposite. At one moment you are at the top thinking that roses will bloom your whole life, and the other you go broke. Celebrities who didn’t know how to handle their finances have only their fame left, while money is something which they own to the IRS or they really have very little of.
Lindsey has been a celebrity from young age, which brought her tons of money. However, she has a debt of 600,000 dollars.
Burt Reynolds had an amazing career, but at the age of 80 there were some rumors that he owed 10 million dollars. The rumors were confirmed when he started selling his movie memorabilia.
Modesty is certainly not Cage’s trait. He bought entire islands, castles and limited editions of everything, so he has spent all his fortune, now owing money to the IRS.
In order to keep her beauty she has spent everything on plastic surgeons and dermatologists. Can you believe what could women do for beauty?
Lying on her insurance forms, left her broke.
After going broke and being charged for drugs and weapons, he was living in his friend’s room, wearing his clothes.
The divorces and similar legal procedures drained his finances, and he couldn’t live the extravagant lifestyle he once did.
Her investment of 20 million dollars for transforming Braselton into a film festival location was the reason for her bankruptcy.
Gambling was the reason he went broke.
Sinbad filed for bankruptcy twice, having a debt of 11 million dollars.
Even though she didn’t lead a public lavish lifestyle, her third file for bankruptcy was due to her medical bills treating her brain tumor.
Heidi and her husband spent 10 million dollars on wine, shopping sprees and plastic surgery.
Heidi’s husband was her accomplice in her uncontrolled spending habits and later in bankruptcy as well.
Mike filed for bankruptcy in 2003 because of his uncontrollable spending habits on jewellery, parties, mobile phones, cars, etc.
He was estimated about 33 million dollars, however in 1996 he had a 13 million dollars debt.
The 44-year-old Teri went broke due to high credit card bills.
First, she didn’t pay the contractors who were rebuilding her house in California, and afterwards she sold her house in order to pay the debt.
There were some allegations that Randy and his wife left a hotel without paying their 10,000 dollar bill.
Even though he was one of the richest black male actors, he made a fraud of 12 million dollars in taxes for which he served three years in prison.
He owed 14 million dollars to the IRS, and paying it he was left broke.
Simpson has fallen that low that when in prison he was complaining that his female fans weren’t sending him goodies anymore.
Being too generous buying friends and family extravagant gifts, having no idea about finances and also an expensive divorce were the reasons for his bankruptcy.
Giving a ton of money in alimony, he is close to bankruptcy.
Kelis Rogers Mora
Her husband Nas has left Kelis pregnant and broke!
After the split of her band Blue Angel, Cyndi went broke and she even tried to make money singing in a Japanese restaurant dressed like a geisha.
Being unemployed, the mom of eight even posed topless to support her and her children.
Tia went broke because the soap didn’t give her enough work, which lead to bankrupt. At the same time she was too young and irresponsible with money.
Duchess Sarah Ferguson
Even though Jeffrey Epstein helped her she still walked on the edge of bankrupt.
Courtney says she had lost about 27 million dollars in “Nirvana Money”. Can you believe that?
He filed for bankruptcy in 1978, while his broadcasting career was ruined. However, his show “Larry King Live” saved him.
Even though he has settled his bankruptcy case, he still owns more than 450,00 dollars in taxes.
This beauty’s bank account was revealed publicly because of her divorce and apparently she had only 5 dollars in it.
The former NBA star was so sick and broke that he couldn’t even pay for child and spouse support.
Lauryn ended up in prison for tax evasion of 1.8 million dollars.
The most successful entertainer according to “The Guinness Book of Records” had to file for bankruptcy because he couldn’t pay the loan for his home Neverland.
Trump himself has never filed for bankruptcy, but his corporations have about four times.
Teresa and her husband spent a lot of time in prison and did everything to pay what they owed, but they are still bankrupt.
Bad investments, trusting the wrong people and large child support payment is what brought Terrell to bankrupt.
Being world-famous and only 26 years old, he already went broke.
“From 18 years old up until last year, I have been spending it trying to figure out how to resolve the bankruptcy issue in the … least embarrassing way for myself and the best way to protect everybody who was involved,” says Aaron.
It all started when his home got foreclosed, and ended up with jail.
When she filed for bankruptcy, she only had 20 dollars in her bank account.