Unbelievable! Hollywood Celebrities Who Went Bankrupt
News
oi-Chaitra
By Chaitra
We
often
hear
about
celebrities
making
big
bucks
through
movies,
music
and
similar
ways.
You
might
wonder
how
could
someone
as
wealthy
as
them
ever
have
any
financial
issues.
Maybe
you
can
find
an
answer
through
these
Hollywood
celebrities
who
went
bankrupt.
Many
celebrities
fail
to
realize
or
ignore
the
fact
that
they
owe
the
government
a
huge
amount
of
tax
because
of
the
amount
of
property
they
own.
But,
none
likes
to
just
give
away
a
huge
chunk
from
their
wealth
to
the
government.
They
rather
use
that
amount
in
building
a
fancy
house
for
themselves
or
get
an
expensive
ride.
The
'Ghost
Rider'
actor
Nicolas
Cage
owed
the
government
about
$14
Million
of
taxes.
He
then
promised
to
pay
off
his
taxes
by
selling
houses,
personal
yachts
and
many
other
things.
Isn't
only
the
non-governmental
members
who
go
bankrupt.
Even
the
presidents
of
the
United
States
have
sailed
on
this
boat.
Abraham
Lincoln,
one
of
many
presidential
candidates
of
the
United
States
went
bankrupt
too.
He
cleared
all
his
taxes
only
in
1884.
Many
celebrities
have
become
homeless
due
to
extensive
amount
of
illegal
practices
like
drug
abuse
and
gambling.
Some
have
lost
their
lives,
some
families
and
some
spent
time
in
rehab
and
prison
to
get
treated
for
their
addictions.
Even
in
your
wildest
you
wouldn't
have
imagined
that
these
celebrities
could
ever
lose
everything
they
have
and
ask
for
financial
help
from
the
government.
Let's
look
at
these
Hollywood
celebrities
who
went
bankrupt
and
surprised
the
world:
Pamela
Anderson
The
48
years
old
American-Canadian
actress
Pamela
Anderson
is
said
to
have
filed
for
bankruptcy
due
to
her
diva
like
expensive
lifestyle.
Lindsay
Lohan
Well,
we
all
by
now
know
what
exactly
made
Lindsay
Lohan
go
bankrupt.
She
couldn't
pay
debts
back
in
spite
of
borrowing
$100k
from
Charlie
Sheen.
50
Cents
The
rapper
filed
for
bankruptcy
in
July
2015.
His
lawyer
said
his
net
worth
was
just
$4.4
Million
when
his
ex-girlfriend
filed
a
lawsuit
for
$5
Million
as
he
posted
her
sex
video
in
absence
of
her
knowledge.
Mike
Tyson
Mike
Tyson,
the
boxing
champion's
lifestyle
and
addiction
towards
sex
and
drugs
made
him
go
bankrupt.
The
net
worth
of
the
amount
he
earned
through
his
career
was
$300
Million.
Michael
Jackson
Wouldn't
you
go
bankrupt
if
you
owned
a
house
whose
annual
maintenance
costs
you
$10
Million? Michael
Jackson
had
to
sell
his
house
to
pay
the
taxes.
Brendan
Fraser
'The
Mommy' lead
actor
was
supposedly
earning
$200k
every
month.
He
went
bankrupt
after
he
stopped
working
due
to
an
accident
that
left
him
immobile
for
months.
Donald
Trump
Though
Donald
Trump
didn't
file
for
bankruptcy
himself,
his
corporate
has.
His
businesses
have
filed
for
bankruptcy
not
once
or
twice,
but
four
times!