10 Hollywood Stars Who Lost All Of Their Money And Almost Went Broke

We often see celebrities’ ultra-luxe vacations and sprawling mansions on social media, so it’s hard to imagine that sometimes paying the bills is an issue.
The opposite also happens despite inspiring stories of famous people who came from nothing and then became millionaires or billionaires. For them, fame and wealth cause a disastrous spending spree. Some celebs even filed for bankruptcy or faced prison time for not paying their taxes.
While luckily, some of them who lost all of their money could financially bounce back, some may never live in wealthy lives they once had. Here are 10 examples of rich and famous stars who lost their wealth at one point in their careers.

#1 Kim Basinger

Source: Dee Cercone / East News

Purchasing a town led to her bankruptcy. Her ambition was to turn this town into a tourist attraction with a movie studio and annual film festivals, she bought 1,700 acres in the state of Georgia. Unfortunately, everything didn’t go smoothly. The star lost the worn and went broke.

#2 Lena Headey

Source: Gregorio T. Binuya / East News

After the divorce, Lena Headey had financial issues. She shares she didn’t even have $5 in her account. She had to request a tax refund of $46,000 to make ends meet.

#3 Mike Tyson

Source: East News

The legendary boxer who made at least $300 million, went into debt. He had to pay alimony to his ex-wives and numerous children. He petted tigers and lived extravagantly. All of that led to his bankruptcy. Luckily, the situation got better and now his net worth is estimated at $10 million.

#4 Pamela Anderson

Source: Richard Shotwell / East News

Pamela bought a $1.8 million house and spent $8 million for renovation. While paying the workers, she went broke. She had a debt of $493,000 and then moved to a trailer park in Malibu.
In 2018, she put her trailer on the market for $1.75 million so she can come back to Hollywood. Netflix reveals that she only earned $4,000 a year while filming Baywatch.

#5 Michael Jackson

Source: East News

18 days before his big tour, the star passed away. It was supposed that the concerts helped him pay off the debts of $500 million. The sale of his estate covered the debt, and the remaining funds went to Michael’s heirs and charitable organizations.

#6 Nicolas Cage

Source: Kristin Callahan / East News

Despite his fame, he lost his wealth and had a debt of 6.3 million. For his mother’s mental issues, he spent $20,000 a month on treatment to prevent her from getting into a psychiatric hospital.

#7 Lindsay Lohan

Source: Kristin Callahan / East News

Lindsay Lohan began her career as a child star and earned $28 million with her movies. Over time, she started getting paid less for her movie. Take her work in The Canyons for example. She got just $6,000. In 2012, she had a debt of $223,000. Fortunately, now she’s better financially.

#8 MC Hammer

Source: Adam Orchon / East News

The rap singer used to lose almost all of his wealth. He invested money in real estate and paid for 200 workers. “Some people ask me sometimes, would I go back and change things?” he says. “They are flabbergasted by my answer. My real, true answer is I wouldn’t change one thing.”

#9 Stephen Baldwin

Source: Derrick Salters / East News

The actor took a break from his job and his decision turned out to be a big mistake. His income went down significantly while the expenses remained the same. He couldn’t pay off his $1.2 million mortgage and a $700,000 credit card debt. Now, his net worth is $1 million.

#10 50 Cent

Source: James Atoa / East News

Because of his bad business, he went bankrupt with debts of $32.5 million. Thanks to the Vitamin Water shares, the rapper managed to get his wealth back.