5 Celebrities Who Went Bankrupt

When you are rich and enjoying your celebrity status, there can be nothing better than that. But the day you lose all your money even your friends and relatives start ignoring you and your status. Let us have a look at a few celebrities who went bankrupt and lost their money.

Michael Jackson was the king of pop and was considered one of the biggest entertainers in the history of pop culture. However he spent money like there was no tomorrow and his huge debts left his children with almost no money. Brendan Fraser was making around $2 million a year during the late 1990’s and early 2000’s but his spending never slowed down which turned him to lose almost all of his net worth. The famous model Pamela Anderson from Baywatch spends big bucks on plastic surgery and $1million to spruce up her house, however had to declare bankruptcy soon after and sell the home she had finished remodelling. Mike Tyson was once one of the most feared boxers in the world and he earned more than $400 million during his career. However his luxurious lifestyle, mansions, wild animals and expensive divorce forced him to file for bankruptcy. The “Un break my heart” singer Toni Braxton has filed for bankruptcy twice, the first time due to low royalties from her record label, and the second because she had to cancel her Vegas show because she was ill. The list goes on with names like MC Hammer, Larry King, Gary Coleman and more.

Michael Jackson

Brendan Fraser

Pamela Anderson

Mike Tyson

Toni Braxton

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