Being a wealthy celebrity may seem like a luxury indulgence, but money is a fickle thing. Many celebrities fall victim to terrible business environments, uninformed lifestyle decisions, or sometimes uncontrolled spending.
These 15 celebs couldn’t handle their financial woes and had to file for bankruptcy.
1.
Mike Tyson filed for bankruptcy in 2003 after becoming a “”.crazy” With money spent on jewelry, prostitutes, mansions, cars and more.
2.
a breach of contract Kim Basinger was led to file for Chapter 11 bankruptcy in 1993. A jury in Los Angeles has found that Kim Basinger has violated her starring contract with Main Line Pictures. boxing helena (same role Madonna also withdrew at the last minute).
3.
Teresa and Joe Judith filed for bankruptcy in 2009, accusing creditors of over $10 million in debt. A few years later, the couple served a lengthy prison sentence for bankruptcy fraud.
Four.
Tony Braxton filed for bankruptcy Twice throughout her career. Her first was in 1998, when her record deal was going bad and she was overspending. Her second application came in 2010, when she canceled her self-financed Las Vegas show after being diagnosed with microvascular angina.
Five.
marvelis a brand behemoth today, and it’s incredible that Stan Lee once had to file for bankruptcy protection. Stan Lee Media Co., Ltd. The company stopped production in 2000 and laid off most of its employees when its stock price dipped below $1.
6.
Iconic Director Francis Ford Coppola filed for bankruptcy at least 3 times. His financial difficulties began when he financed the 1982 film. one from the heart, with your own money. The expensive project was a box office failure, leaving Coppola heavily in debt.
7.
Burt Reynolds’ bankruptcy filing was sparked by his lavish lifestyle and troubled 1993 divorce from second wife Loni Anderson.
8.
better known as Curtis Jackson 50 cents, filed for Chapter 11 bankruptcy protection in 2015. The application was made immediately after him. lost the lawsuitand a jury ruled that Rastonia Leviston was owed millions of dollars over sex tapes posted without her permission.
9.
Disney is one of the world’s most recognizable brands, but it wasn’t always rainbows and butterflies for its founders. Walt Disney has filed for bankruptcy for his first animation studio. rough o gramin 1920, after a series of bad deals.
Ten.
Former Nickelodeon star Drake Bell once filed for bankruptcy, claimed to be $581,000 in debt. His income at the time was $2,820 a month, and he paid taxes.
11.
Cyndi Lauper found herself Finance hot water before becoming a hugely successful solo artist. Her former manager, Steve Massarsky, sued Lauper and her Blue Angel bandmates in 1980 for $80,000.
12.
Lil’ Kim filed for Chapter 13 bankruptcy in 2018 to keep her New Jersey mansion.she owed her creditors $4 million financial problems I also borrowed money from my friend Missy Elliott.
13.
Stanley Burrell, aka MC Hammer, It has been submitted He listed more than 200 creditors, but total liabilities of at least $10 million and assets of just $1 million.
14.
The late Larry King A tumultuous history with money. After all, he was once charged with grand larceny for allegedly stealing $5,000 from financier Louis Wolfson. Mr. King declared his bankruptcy in 1978 when his IOU and gambling debts made him unable to pay more than $350,000.
15.
Hailey Bieber’s father Stephen Baldwin files Bankruptcy in 2009 He owed $1.2 million in two mortgages, $70,000 in credit card debt, and over $1 million in taxes.
