It’s hard to imagine that some celebrities can make tons of money, and yet still file for bankruptcy at the end of the year. What are they doing with all that dough? And seems like the older stars from the 90’s usually have it the worst.
Throughout the decades, we’ve seen dozens, if not hundreds, of singers, actors and other celebs go from making millions, to scraping the bottom. Here are 10 celebrities who went broke and didn’t tell you.
One of the most eccentric actors of this generation – Nicholas Cage used to earn millions, but he spent all that money on fancy mansions, private jets, and expensive cars. He even bought an actual medieval castle (Midford Castle) and a freaking island in the Exuma Archipelago! At that point he realized he was already in deep feces, and amassed over $14 million in debt. Naturally, he had to sell all of his stuff, and now he can afford 2 cupped ramens a day, but I think he’ll never go on such a spending spree ever again.
The girl liked to stay in expensive condos, buy heaps of designer clothes, and jewelry, so it’s no surprise that one day she suddenly owed over $600,000 in credit card debt. 2 years later, in 2012, Lindsay Lohan was in financial ruin. The IRS froze her accounts, and what’s worse, she even took a $100k loan from Charlie Sheen!
50 cent filed for bankruptcy in last July. He lost almost all of his 500 million due to living too large, and reckless behavior. The final bullet was a $7 million lawsuit for posting a sextape of some woman getting it on with another man, without her consent.
Back in the 90’s Brandon was the sh#t, but recently … not so much. He had to declare bankruptcy in the early 2000’s, when even making 200,000 per month couldn’t save him from all the bills, manager fees, and child support payments.