Celebrities who Went Broke

Celebrities earn millions of dollars each year, and for many of us, it is hard to fathom how they could lose all that money. Sadly, it happens all-to-often in the world of Hollywood celebs. It seems that unwise spending and planning contribute to empty bank accounts, and when you are a celebrity, this is not a list that you want to be on. Nonetheless, these celebrities earned their spots on the list of broke celebrities, even after making millions of dollars in their careers. If you want to know more, you can visit http://celebnetworth.wiki to get more of the inside scoop.

Larry King is still on TV today and is a popular name that some love, and others hate. No matter how you feel about King, he is one of many celebrities who earned millions and lost it all. It was in the 1970s when King experienced this life altering change, and while he is doing well for himself today, he isn’t doing as well as some would believe, with thanks to his many wives and divorces.

Sinbad is a funny man who has made appearance in many shows and stand-up acts in his decades long career. But, he’s also did badly with his money, and, on two separate occasions, filed for bankruptcy protection.

Pamela Anderson may be the Baywatch babe, but she’s also a broke babe now, thanks to her millions of dollars spent on plastic surgeries and operations, and living a lavish lifestyle. Anderson was married to rocker Tommy Lee, and linked to Kid Rock in recent years. Nonetheless, the actress had to sell her home to recoup from her irrational spending habits.

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Stephen Baldwin is an actor who has starred in many films. He’s also the brother of Alec Baldwin, also an actor. Baldwin was forced to file Chapter 11 bankruptcy in 2009 after accumulating more than one million in debt.  He managed to work his way out of his difficult financial situation, but has never been able to fully regain what was lost.

50 Cent is a New York rapper who has a career spanning more than 20 years now. Although rapping is his main endeavor, 50 has went on to endure many other business ventures, as well as an acting career. Despite the many ventures that he’s endured, the rapper was still unable to maintain the wealth that he earned, and in 2015, filed for bankruptcy protection in the U.S. Bankruptcy Court.  In the two years since the filing, 50 has managed to accumulate a $20 million net worth.

There are many celebrities such as those listed above who’ve had so much money, but managed to lose it all. This list could go on and on. If there is a lesson to be learned from this, it is that money management is very important, no matter how much money you currently have or feel that you will have in the future. These rich to broke stories prove this theory all too well.