The lifestyles of the rich and the famous are beyond lavish. When money is not an object, you can literally have whatever you want, no matter the price tag. Cars, houses, and fancy vacations are nothing to those who have massive amounts of money to spend, but what happens when the money well runs dry?
Millions and even billions of dollars can be spent in a few years’ time if you have a taste for the finer things, and many stars don’t have intentions of slowing down. Designer bags, buildings, cars, and private jets may seem like the way to go when you make it big, but it may be time to slow down for many celebrities trying to write checks they can’t actually cash.
It may be hard to imagine, but many celebs overshoot their worth and end up dead broke. The spotlight can do that to you.
Many celebrities do not consider the fact that money is not endless, and taxes and other factors may put them in the negative. If you spend money as fast as you make it, it becomes almost impossible to keep track of your spending. Some of these celebs should consider hiring an accountant — or fire their current one — because the numbers just don’t add up.
These celebrities are in some serious need of a budget before they are reduced to absolutely nothing. Some of the stars on this list were forced to give up everything they own, and slide #15 was desperate enough to list his dog as one of his assets. That’s one way to go barking up the wrong tree.
This list of celebrities on the verge of bankruptcy is going to blow your mind — some of these stars are practically homeless today. Oh, how the mighty have fallen!
30. This King Of Television Wasn’t Always Living Lavishly
Larry King is a well-known American television host, but his life wasn’t always perfect off the set. Due to a series of bad marriages, he had to file for bankruptcy in the late 1970’s, but he was able to recover by hosting his own show. Luck was definitely on Larry’s side.