Celebs Who Have Gone to Paupers

We have a tendency to believe that our favorite actors, artists, and sportsmen constantly make so much money and enjoy a lavish lifestyle, yet many of them have gone bankrupt at some point. Exorbitant costs and a desire for luxury frequently push celebrities to the verge of bankruptcy. Here are eight celebrities that went from being wealthy to being penniless.

1. Lindsay Lohan
The girl starred in the movie when she was a youngster, then after a few jobs, she would have more riches than any child should ever have. Multiple habits and, finally, costly recovery sessions ensued from this luxurious lifestyle. Lindsay had been so depressed that she began stealing her boyfriend’s belongings in order to obtain narcotics.
Celebs Who Have Gone to Paupers

2. MC Hammer
He earned $33 million in 1991 and became renowned worldwide due to his multi-generational song “U Can’t Touch This.” Without hesitation, the newly minted millionaire purchased flashy automobiles, lavish boats, at least five additional pairs of those legendary trousers, and even record labels. His home, which included a garage for 17 automobiles, could readily be described as a king’s palace. However, when it was revealed that the singer was $14 million in debt, he was forced to sell everything.
Celebs Who Have Gone to Paupers

3. Wesley Snipes
Perhaps many of you are unaware, but money laundering is a serious violation in the United States. Wesley Snipes, one of the top actors of the 1990s, was this a try on his own skin. He was sentenced to three in prison after trying to skimp and failing to pay $12 million in income.
Celebs Who Have Gone to Paupers

4. Lena Headey
She portrays Queen Cersei Lannister in Game of Thrones, although her treasury wasn’t always overflowing in real life. Everything she had to her name that day was a ludicrous $5 in her bank account. That was the amount of money Lena had left following her sensational divorce from Peter Loughran. To get enough funds for food and other necessities, she had to sell a house in Los Angeles.
Celebs Who Have Gone to Paupers

5. Nicolas Cage
From 1996 until 2011, the actor amassed a fortune of over $150 million, so he must be happy for his whole life, right? Nick began by purchasing homes, a private island, jet aircraft, yachts, and other luxury items, but his terrible debt eventually caught up with him. Due to his financial difficulties, the actor was forced to sell his home and take a variety of low-paying parts, which had a negative impact on his career in the long term.
Celebs Who Have Gone to Paupers

6. Pamela Anderson
Even the babe’s income seemed to be insufficient to finance some of the house repairs she requested. She had a major squabble with a construction company that charged her $3 million for the remodeling of her five-bedroom Malibu house. But for the woman, that was just too much money. Pamela declared bankruptcy as a result, and she even lived in a yard near her house.
Celebs Who Have Gone to Paupers

7. Mike Tyson
Throughout his career, the former super-heavyweight boxing champion has amassed a fortune of almost $400 million. However, in 2003, the sportsman declared himself bankrupt and sought legal assistance. Tyson spent the majority of his earnings on high-end homes, fancy automobiles, and gold jewelry. Mike used to live a lavish lifestyle and even purchased himself a Bengal tiger, as you’ve surely heard.
Celebs Who Have Gone to Paupers

8. Toni Braxton
Toni Braxton, who has released millions of records and won several Grammy Awards, has filed bankruptcy two times! The very first time was already in 1998 when she struck a deal with LaFace Records that proved to be a complete failure. Braxton got diagnosed with lupus in 2010 but had to cancel a high-profile concert in Las Vegas as a result of the diagnosis. Her obligations totaled $50 million by the end of the day.
Celebs Who Have Gone to Paupers