Bankruptcy, it Happens to Everyone.
Bankruptcy can happen to anyone at anytime. Make wise investments and hold your money dear or you could end up like the famous people below.
Michael Jackson
Michael Jackson went bankrupt. He was unable to pay back a 25 million dollar loan! What did he need that much money for? The Neverland Ranch of course. What idiot bank loaned him 25 million? Much respect for the late and great Michael Jackson but he had to be included.
Stephen Baldwin
Even the Baldwins go broke every now and again. Stephen Baldwin filed for bankruptcy in 2009. He had purchased a property that went under during the housing crisis. His house was worth 1 million and he owed 2.3 million. I can’t say that I blame him. Look at him now though, he’s on Celebrity Apprentice busting his rear to make some money for charity. You’re an alright guy Stephen Baldwin.
Gary Busey
I promise this isn’t a Celebrity Apprentice cast list! Our funny guy Gary Busey filed for chapter 7 bankruptcy in 2012. I wonder if he and Stephen bonded over their bankruptcy?
Donald Trump
Alright, alright. Last one, I promise! Since we are kinda on the Celebrity Apprentice subject, it is known that Donald Trump has filed for bankruptcy several times. It wasn’t personal, it was business.
Mark Twain
Whoa, they had bankruptcy back then? Yes, they sure did! Mark Twain filed for bankruptcy because he put all of his money in a bad investment. He invested in a typesetting machine. He was determined to pay back those bankruptcy debts and he traveled the world lecturing to repay them. What a good guy that Mark Twain!
Walt Disney
If a man like Walt Disney can file bankruptcy and still be incredibly successful, I think there’s hope for us all. He was forced to file for bankruptcy before the creation of Micky Mouse. After his bankruptcy he borrowed money from family and created Mickey Mouse. We all know how this story ends!
Kim Basinger
Kim Basinger was once so rich that she purchased an entire town in Georgia! She was later sued for a breach of contract for the movie Boxing Helena. She was unable to pay and had to sell her town and file for bankruptcy in 1993.
Anna Nicole Smith
The former late Playboy model Anna Nicole Smith filed for bankruptcy after her billionaire husband died. I wonder if there was a prenup?
Sarah Ferguson (Duchess of York)
Even people in royalty are filing for bankruptcy these days. Sarah Ferguson, Duchess of York filed for bankruptcy after reportedly being 7.9 million dollars in debt. She is the first senior royal to file for bankruptcy. Maybe she should listen to Dave Ramsey?
Well, there you have a list of some somewhat surprising celebrity bankruptcies. The most surprising ones IMO were Donald Trump, Walt Disney and the Duchess of York. How on earth can the Duchess of York go bankrupt? I feel like that would be the similar to a member of congress going bankrupt. Donald Trump going bankrupt is just absurd. This man has more money than he could spend in 10 lifetimes.
Some of these people really need to listen to Dave Ramsey and get on the Total Money Makeover! Seriously guys, if you really want to turn your financial life around, listen to Dave Ramsey. He comes on NPR news everyday. This man can get anyone out of debt, even these crazy celebrities.
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