Nobody is immune to poverty, and celebrities are no exception. Even the richest stars can lose everything and ruin their career completely if they aren’t careful. Some throw their money out the window, while others suffered from bad investments. Lucky for them, these stars who once lost everything were able to get back on their feet and get out of their debts.
So let’s discover what has happened to these celebrities. Here are 9 stars who once lost everything and almost went broke. Scroll down to read their stories!
1. Brendan Fraser
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Brendan Fraser went through a lot. He suffered from health issues and lost a lot of money to it. His health prevented him from appearing in blockbusters, which worsen his financial problems. The actor even had to request to lower his alimony. Luckily, he was able to make a big comeback with The Whale. The movie turned him into an A-list movie star once again.
2. Nicolas Cage
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Nicolas Cage’s mother suffered from mental issues so the actor had to spend $20,000 a month on her treatment. On top of that, his popularity also went downhill, which led to many problems in his life. Cage quickly lost his wealth and got into a $6.3 million debt. Nowadays, he seems fine. We hope that he has gotten through his hard time.
3. Pamela Anderson
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Pamela Anderson only made $4,000 a year when she starred in Baywatch. Can you believe it? She was one of the most iconic faces of the series, and that was all she got. On top of her misfortune, Pamela once purchased a $1.8 million house but had to spend $8 million on renovation. The actress went broke when she was trying to pay the workers.
Her situation only got worse from then on. She got herself into a $493,000 debt. In the end, Pamela had to sell her property and move to a trailer park in Malibu. Fortunately for her, the spotlight once shined on her again when Netflix released a documentary about her life.
4. Lindsay Lohan
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Lindsay Lohan used to be one of the most famous child actresses in Hollywood. Her career blossomed and earned her $28 million. Then everything went downhill after her addiction and strings of frantic behaviors. In 2012, she had a debt of $223,000. Fortunately, she got over her hard time and started acting again recently. Her financial situation also looks a lot better.
5. Stephen Baldwin
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When Stephen Baldwin took a break from his job, his income received a heavy blow. He made a lot less money but the expenses remained the same. The famous actor couldn’t pay off his $1.2 million mortgage and got a $700,000 credit card debt. He went broke but was able to get back on his feet. Nowadays, his net worth is $1 million.
6. Michael Jackson
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Michael Jackson passed away only 18 days before the start of his big tour. His sudden death canceled all of his concerts, which were supposed to help pay off the artist’s $500 million debts. Jackson’s estate was sold to cover his debts, and the remaining money went to Michael’s family and charitable organizations.
7. Mike Tyson
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Mike Tyson earned at least $300 million during his legendary boxing career, but he burned all of his money on his extravagant life and went into debt for it. He spent his income on pet tigers, jewelry, and property. Lucky for him, he was able to turn things around. Nowadays, his net worth is estimated at $10 million.
8. 50 Cent
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50 Cent went bankrupt after his bad business investments. He even got himself into a $32.5 million debt. Thankfully, his Vitamin Water brand was purchased by Coca-Cola.
50 Cent became the face of the company, and he got a pretty good deal out of the situation. This decision brought him more money than any of his albums.
9. Charlie Sheen
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Charlie Sheen couldn’t even afford his pool or garden bills. He can’t pay off his debts, can’t find a normal job, and can’t provide for his four children the way he used to. Things got so bad that Sheen had to request to lower his alimony. His financial situation is looking much better now.
Those are 9 stars who once lost everything and almost went bankrupt. However, they aren’t the only ones who have to struggle. These stars also have some really dark past, but they refuse to let it ruin their bright future. Check out their inspiring stories
here!