15 Celebrities Who Are Just A Step Away From Bankruptcy
We look at celebrities and think that they have a very easy life. They make millions in a year and don’t really have to worry. Even if they do one movie or release one album that becomes a hit they are set for life. They get a ton of money for doing it and if it is a hit they get even more money.
Celebs are usually paid triple of what an average person would make in a month and if it is successful they get millions. So, it’s safe to say there is not that high a chance of them going broke but the sad part is that is false. There are many celebrities who have cried ‘bankruptcy’.
The legend that left us way too soon was heavily in debt during the final years of his life. Michael was a household name for years at the height of his stardom but that did not mean anything before he passed away. Reports indicate that the ‘King of Pop’ was in debt to the amount of around $400 million and his prized Neverland Ranch home was very close to foreclosure.
At the height of his career, Mike was one of the world’s most famous boxing legends. He was impressive in the ring and lived a lavish lifestyle. But all this soon can to an end as his divorce and IRS payments bled his account dry. The man who used to make over $400 million a year was now broke but afloat.
Curtis James Jackson III was on top of the rap charts in 2003. With the aid of Eminem who discovered him and gave him a chance to record an album, he soon became one of the world’s best-selling rappers and rose to prominence with East Coast hip hop group G-Unit. Unfortunately, a life of luxury and misguided spending does not go well for savings. In 2015, the rapper filed for Chapter 11 bankruptcy.
Stephen Andrew Baldwin is the 4th of the “Baldwin brothers” that include actors Alec, Daniel, and William. He was in many hit movies such as “Born on the Fourth of July”, “The Flintstones in Viva Rock Vegas”, “The Usual Suspects”. Throughout his career, he managed to make a good name for himself but in March 2013 he filed for bankruptcy.
Nicolas Cage is one of those Hollywood stories where the actor went down one wrong road and saw his entire life go upside down. The actor has an impressive list of movies but also had a luxurious lifestyle. He was forced to pay the IRS over $6 million after he spent way too much on houses, cars and strange artifacts.