21 Bankrupt Celebrities – They Had It All And Spent Even More
21. Michael Jackson
This may come as a surprise to many, but the King of Pop actually filed for bankruptcy in 2007, two years before he passed away. Isn’t it absolutely baffling to imagine the most successful entertainer of all times (and this is not just our opinion – it’s a Guinness Book of records fact) going bankrupt? With all those royalties and merch revenue? Mind-blowing.
Jackson was forced to file for bankruptcy because he was unable to pay the $27 million debt for his famous Neverland Ranch. Anyone who’s ever seen that property can easily imagine just how expensive it must be to keep that ginormous beast up and running. With helipads, a zoo, a theater, an amusement park and whatnot, it basically sucked money. Plus, Jackson’s passion for shopping was unprecedented and incredibly lavish. Finally, only 0.05% of his total net worth was actual accessible money, so he had no other choice than to file for bankruptcy.
-
21 Celebrities Who Are Crazy About Their Pets
21. Oprah Winfrey You can add one more thing to Oprah Winfrey’s impressive resume: one of the greatest philanthropists of our time is also one of the biggest animal...
11
The Cheaters: 21 Biggest Celebrity Scandals Ever
21. Eddie Fisher and Elizabeth Taylor (and Richard Burton) Hollywood singer and entertainer Eddie Fisher and actress Debbie Reynolds were America’s sweethearts, but that didn’t stop Fisher from cheating...
5
21 Celebs Who Were Once Broke And Homeless
21. Lil’ Kim Lil’ Kim is, without any doubt, one of the most important female rep artists of all times. Along with Missy Elliott, she is the only female...
182
21 Celebs You Didn’t Know Had Breast Implants
21. Blake Lively The gorgeous star of Gossip Girl and The Age of Adaline really doesn’t need any work done because she’s nearly perfect in any aspect. However, if...
24 -
