How Do These Uber-Rich Celebs Keep Going Bankrupt?


29. This Singer Sure Knows How To Spend

Singing sensation Toni Braxton is one of the best in the industry, but that hasn’t stopped her from going bankrupt two times. She has a list of hits, but she doesn’t seem to know how to budget her large fortune, and the only way to unbreak this singer’s heart is to get her spending under control.

28. Handling Money Is Not This Actor’s Strong Suit

Burt Reynolds is notorious for his roles in movies such as Boogie Nights and The Longest Yard, but that didn’t stop him from going bankrupt in the late 1990’s. He was in the hole for 10 million dollars, which is not chump change by any stretch of the imagination.

27. This Vegas Star Isn’t A Stranger To Plastic Surgery

Wayne Newton is one of the most iconic Vegas performers, but he has had his fair share of financial troubles. He went bankrupt in the early 1990’s, with over $20 million in debt. Newton has continued to fund his lifestyle by performing, and he seems to always be updating his look.

26. This Football Stay May Need More Than A Quarter Back

Andre Rison was a star wide receiver for the NFL, but that didn’t stop him from spending all of his hard-earned cash. Rison learned of his awful budgeting when a check for $20,000 bounced, and he currently spends his time educating other players on how¬†to be responsible when it comes to finances.

25. This Artist Would Do Anything To Avoid Another Bankruptcy

Singer and songwriter Meat Loaf is famous for his 1980’s hit “I Would Do Anything For Love,” but he had some financial hardship when his friend, who helped him write the song, decided to sue. Meat Loaf declared bankruptcy in the late 1980’s, but he has since written all his songs on his own. Sometimes it’s better to go solo.


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