The show business industry is definitely profitable. It generates a lot of money, and celebrities get paid a lot. However, bad money management can’t save anyone from bankruptcy, including celebs. In fact, having lots of money comes with responsibilities. Of course, if you spend all your money on cars, private jets and even islands, chances are that at some point you will end up with nothing. And that’s exactly what happened to some of our favorite celebs, who once were super rich but unfortunately, they’ve lost it all.
Nicolas Cage
He has made more movies than we can remember. However, despite having made more money than most people in 10 lifetimes, it did not save him from filing bankruptcy after spending most of his fortune on luxuries and all types of commodities. From a private island to the search for the holy grail. It’s safe to say that his personal life is worthy of a movie itself.
Pamela Anderson
The ’80s icon doesn’t seem to know very well what to do with her money either. Moreover, her crisis started when her career started falling off.Going from America’s ”Baywatch” sweetheart to nothing in the blink of an eye. But, once again, taxes do not spare anyone, no matter how famous you are. Something that, together with constant partying and some bad investments, Pamela Anderson takes part of the list of celebrities who once were rich and lost it all.
50 Cent
Most of the 90’s jams were sponsored by rapper 50 Cent. In fact, he reached glory with his hit music, and made a fortune.Sadly, his lux lifestyle and a series of legal problems due to his nasty divorce, took it all away.. In fact, 50 Cent was left in debt for over 20 millions. Something that one or two hit albums still can’t pay off.
Lindsay Lohan
One of the few actresses better known for her personal life than for her filmography. And of course, when you are famous for taking drugs, partying and fancy lifestyle, you are more likely to loose some cash. In addition, Lindsay was known for not keeping track of her funds and investments. Due to that, the actress declared bankruptcy in 2012. Luckily for her, although she lost it all, she didn’t get into as much debt as other stars on this list.
Brendan Fraser
He became a world star with “The Mummy” and it sure is his most successful movie. In fact, his life just went downhill after that, struggling with many box office failures and lack of work. Furthermore, and just like in most divorce cases, child support coupled with financial problems left him with nothing.
Photos: Instagram.