15 Rich And Famous People That Ended Up Poor

There is an old saying: "Easy Come, Easy Go." Well, celebrities can definitely agree. Maybe it didn't come that easily, but the quickly earned money can surely disappear as fast as it came. After earning dozens of millions during their careers, it is hard to imagine how in the world these famous people manage to lose their fortune. It seems that you need to have a special kind of talent to declare bankruptcy after obtaining that much money. (WINVIBE)

You can probably guess the cause – bad management, a crisis in the world of finance, divorces, not paying taxes or just being greedy; the fact is solid – all these celebrities went bankrupt at least once. Their stories can teach us lessons: every time you face financial problems, you can say something like: "This is nothing. If 50 Cent can lose all those millions and be just fine, why should I stress about 2000$?" It can be a good stress reliever; don't you think?

These celebrities prove that being rich and famous doesn't necessarily go hand in hand. If you ever come to the point that you wish to be in their place, consider questioning yourself. They also have problems like we do, they make bad decisions, and face difficulties managing their money. Anyone can face money issues sometimes. You can't avoid that, and if you have more money, more problems might emerge.

That's another thought to keep you worry free. Why worry if it's still gonna happen? Here are 15 celebrities who went from filthy rich to penniless:

Nicolas Cage

Reed Saxon/AP

Cage was one of Hollywood's biggest stars, earning $40 million in 2009 alone, but also one of its biggest spenders. He purchased many homes, automobiles, and rare artifacts.

The IRS placed tax liens on multiple properties he owned, and then had Cage hand over more than $6million for failing to pay his 2007 tax bill. Cage's precarious financial situation led him to sell many of his belongings, including a treasured comic book, and take many film roles.

Floyd Mayweather Jr.

Reuters

Mayweather has never lost a match in the boxing ring, earning the nickname "Money." Yet Deadspin reported that Mayweather has owed the IRS money for over a decade.

The boxer's failure to pay taxes resulted in a $22.2million debt to the IRS, even as he came out of retirement for a high-grossing fight. There are rumors that Mayweather will again come out of retirement to settle his debts

Mike Tyson

Kevin Winter/Getty Images

Heavyweight champion Mike Tyson earned $300million over his career, but he was knocked down with a $23 million debt in 2003. He declared bankruptcy, returned to jail, and went through rehab before he again reached financial stability.

By 2003, he owed money to the IRS, British tax authorities, lawyers, a personal trainer, a financial manager, and a music producer, among others. Tyson had to pay $9 million in a divorce settlement and was also behind on child support.

Stephen Baldwin

Anna Webber/Getty

Alec's younger brother filed for bankruptcy in 2009 while owing money on taxes and a couple of mortgages. Troubles repeated as Baldwin's house was foreclosed in 2017 after six years of no mortgage payments.

On another occasion, Baldwin was arrested and served five years' probation for failing to pay taxes for three straight years.