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December 16, 2011 / Lifestyle / 1 comment

When you think of those celebrities, I am sure that it will cross your mind all the money they are making. And when I see people who earned that amount of money go bankrupt, it makes me depressed. What is left for me to hope for? Some will say easy come, easy go. But, when you think of it, we made them, there must be something in that. What these people did, it will remain a mystery to me. Maybe wrong investments or unreasonable spending money on weird stuff, just to show off, or something third, I don’t know. Lets see the list, and maybe we’ll come up with idea what happened here. There must be a pattern these people missed, and got themselves in this positions.

1. Mike Tyson

During his boxing career Mike has earned hundreds of millions, but it seems that was not enough for him and his lavish style of living. Mike filed for bankruptcy in 2003, at that moment he owned $27 millions.

bankrupt09 15 Celebrities Who Bankrupted

2. Nicolas Cage

Oscar winning actor Nicolas Cage faced bankruptcy in 2009, he was forced to put several of his properties on the market, when he failed to pay up to $6 millions he owed to IRS. This picky actor was forced to take gigs which he never, in normal conditions, would.

bankrupt11 15 Celebrities Who Bankrupted

3. Gary Coleman

Known as the child star from Different Strokes, ended up with financial problems. In 2009, he had a debt of $72, 000. He also accused this adoptive parents for stealing more than million dollars from him.

bankrupt05 15 Celebrities Who Bankrupted

4. Larry King

Famous talk show host, Larry King, was unable to pay his debt of $ 352, 000 in 1978 and declared bankruptcy. He was struggling to get out from this, and managed to become Americas’ most wanted anchor.

bankrupt07 15 Celebrities Who Bankrupted

5. Natalie Cole

Great singer Natalie Cole, one of the best jazz singers today, went bankrupted in 1997.

bankrupt10 15 Celebrities Who Bankrupted

6. Cyndi Lauper

Cyndi was one revolutionary singer in the 80s’. Even though everything was those days unconventional, she was the bravest one with the whole appearance and style. Lady Gaga of the 80s’. She was bankrupted in the 80s’. Managed to get out of the debt with her hard work and singles like “Girls Just Wanna Have Fun“.

bankrupt01 15 Celebrities Who Bankrupted

7. Michael Jackson

Hard to believe that pop king had any financial problems ever. With all those hits and so much work it makes you wonder how this happened. In 2009 Michael had a debt of more than $500 millions to different creditors. Jackson’s Never Land was close to foreclosure.

bankrupt08 15 Celebrities Who Bankrupted

8. Zsa Zsa Gabor

In 1993, Zsa Zsa had to file bankruptcy, for owing more than million dollars to actress Elke Sommer, for being sued for libel.

bankrupt15 15 Celebrities Who Bankrupted

9. Donald Trump

It is not imaginable to see this man on the list, but believe it or not, this man filed bankruptcy three times. We will mention just the last two. In 1991, had a debt of $900 millions, and had to give up ownership holdings of the Trump Taj Mahal and Trump Plaza Hotel. The crisis in 2009, didn’t left Trump untouched, and he had to file for bankruptcy.

bankrupt03 15 Celebrities Who Bankrupted

10. Tia Carrere

Tia went bankrupt early in her career. She lost her suit with ABC in 1986, she tried to escape her contract with General Hospital to join the cast of A-Tim.

bankrupt13 15 Celebrities Who Bankrupted

11. Francis Ford Coppola

It seems that bankruptcy runs in the family. Francis, as the older one, went bankrupted earlier, in the 1990. when he was shooting Godfather III.

bankrupt04 15 Celebrities Who Bankrupted

12. Toni Braxton

In the early 90′s this singer filed for bankruptcy, because she had a debt of $3.9 millions from financial mismanagement.

bankrupt14 15 Celebrities Who Bankrupted

13. Randy Quaid

Actor Randy Quaid and his wife, Evi, filed for bankruptcy caused by “The Debtors”, a film the couple made in 2000 which wasn’t a success. The couple was reported to be $3.5 million in debt.

bankrupt12 15 Celebrities Who Bankrupted

14. Kim Basinger

When you lose a suit and have to pay $8 millions, it is not a small thing even if you are on the peek of your career, like Kim Basinger was in 1993.

bankrupt06 15 Celebrities Who Bankrupted

15. Don Jonson

We all know this man from Miami Vice, but he he was sued by City National Nak of Los Angeles for over $930,000 in 2004. Johnson finally managed to save his $20 million Pitkin County ranch in Colorado.

bankrupt02 15 Celebrities Who Bankrupted

As a summary, what have we have learned her. How not to bankrupt? First, never suit with no one, better leave it as it is. Don’t mess with IRS, be careful who is your manager and in what are you investing your money, and most important, don’t show off. You will just have false friends and soon will be left without everything.


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  • http://www.london-freeads.co.uk/ London FreeAds

    So… i didn’t know Nicolas Cage it’s bankrupt…