15 Rich And Famous People That Ended Up Poor (Photo)

Mike Tyson
Rich People That Ended Up Poor



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.Rich People That Ended Up Poor
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.Rich People That Ended Up Poor

Stephen Baldwin

Rich People That Ended Up Poor



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.

                                      

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15 Rich And Famous People That Ended Up Poor (Photos)

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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. Rich People That Ended Up Poor 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 thin
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15 Rich And Famous People That Ended Up Poor

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Mike Tyson Heavyweight champion Mike Tyson earned  $300 million 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.Rich People That Ended Up Poor 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.Rich People That Ended Up Poor Stephen Baldwin 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.                          
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