- On many occasions, fame and success do not go hand in hand with fortune.
- The poor management, dubious investments or waste on extravagant luxuries have achieved numerous times to destroy the greatest wealth.
Elite athletes, movie stars or music legends are some of the most recognized figures who have gone through the uncomfortable process of having to declare bankruptcy.
Many others began with disastrous careers and on the verge of bankruptcy saw their careers skyrocket.
We present 10 celebrities that experienced poverty at some point in their careers.
10.Debbie Reynolds
The actress, known for her participation in the musical Singing in the rain or for being the mother of Carrie Fisher, He did not enjoy much of the considerable savings that the cinema brought him.
Her second husband Harry Karl He squandered the interpreter’s money due to gambling and ruinous investments that ended with a debt that rose to 3 million dollars.
Because of this, the actress not only had to declare bankruptcy, but was also forced to work on any type of script that was offered to her, even if it was of dubious quality.
9. Mike Tyson
Considered one of the most famous boxers of all time, Mike Tyson lost his entire fortune despite million-dollar fees that he got every time he stepped into the ring.
The former world heavyweight champion had to face divorce and rape trials in the 1990s for which he had to pay large sums.
His excessive spending and some bad investments ended up wiping out his enormous fortune.
8. Cyndi Lauper
Your topic Girls just wanna have fun It has remained a huge success since its release in the 80s, and is considered by many to be a feminist anthem of the time. But its beginnings were not so fortunate.
His debut album with the group Blue Angel, released in 1980, was a complete failure and his manager sued her for $80,000, which the singer was far from having at the time, so she had to declare bankruptcy.
7. Burt Reynolds
Burt Reynolds was one of the most famous stars in Hollywood during the seventies, when he obtained million-dollar contracts at that time.
However, disproportionate expenses, poor investments, and a complicated divorce undermined the actor’s fortune during the 90s.
In addition, in 2011 his mansion in Florida was seized due to alleged mortgage defaults.
6. Francis Ford Coppola
Although Francis Ford Coppola is one of the biggest names in cinema today and is far from being defined as poor, the truth is that there was a time when he almost could have been.
According to the story, the acclaimed director shot his masterpiece The Godfather just to avoid going bankrupt. His production company had previously released two box office failures, which had increased the director’s debts to Warner, the company from which he requested the money for the productions.
Coppola accepted the commission for his acclaimed trilogy, thinking it would be another film about the mafia.
5. Kim Basinger
In the early 90s, the actress Kim Basinger was making headlines after declaring bankruptcy.
The actress, who earned an average of three million dollars per film, said she was bankrupt after being forced by a court to compensate the production company Main Line Pictures for breach of contract.
4. Nicolas Cage
Another of the movie star of the moment who has squandered his fortune has been Nicolas Cage. Francis Ford Coppola’s nephew appears to be given to extravagant spending, at one point owning 15 houses, which caused his wealth to rapidly dwindle to practically non-existent.
For years, the actor has been forced to participate in minor productions in order to pay off all his debts.
3. Johnny Depp
One of the last Johnny Depp is one of the names to join the list of stars who have experienced a fall in their fortunes.The popular actor began 2017 with a lawsuit from his law firm, The Management Group, demanding payment of $5 million for managing his finances.
When the news broke, there was talk that the actor had been living beyond his means for years. his numerous expenses, the ownership of 45 luxury cars.
2. Walt Disney
Although the design of Mickey Mouse elevated Walt Disney to what it is today, the beginnings of the producer were not a happy tale. His first productions were a failure and, on the verge of not being able to pay his debts, was very close to bankruptcy.
That’s when Mickey Mouse arrived. The first short film of the famous mouse was very well received and the Walt Disney’s luck began to change.
1. Michael Jackson
Although he was a music legend of all time and signed some of the most outstanding hits of contemporary music, Michael Jackson ended his life in poverty.
In 2003 his former financial advisers announced that the musician was bankrupt and unable to meet his debts, despite having had a fortune that Forbes magazine estimated at 500 million dollars
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