25 Celebrities Who Were Rich And Famous But Lost It All

December 13, 2019

#entertainment

Celebrities seem like they have it all - fame, fortune, other things starting with "f". But just because movie stars and singers and talk show hosts make hundreds of thousands or even millions of dollars doesn't mean they know how to be responsible with that money.

Just like the rest of us, they can easily find themselves facing debt and bankruptcy if they don't manage their money well. Here are 25 celebrities that made it big, but ended up losing it all at some point.

Stephen Baldwin

Blew Through: $15 Million
File For Bankruptcy: 2009

IRS Problems

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“I'm very focused on the world and my career and my Porsche turbo and making money and Stevie B. Inc. I'm just living according to the standards of the world.” - Stephen Baldwin

This Baldwin brother let fame and fortune go to his head. He didn't pay taxes or make payments on multiple mortgages, and he ended up owing a lot of money. His properties were foreclosed on and he was arrested for failing to pay what he owed to the IRS.

Nicolas Cage

Blew Through: $150 Million
Purchases: Dinosaur Skull, Exotic Pets, Luxury yachts

Uncontrollable Spending

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“I can’t go into specifics or percentages or ratios, but yeah, money is a factor.” - Nicolas Cage

If you want to know what extreme celebrity spending looks like, you just have to take a peek at Cage's purchase history. Not only did he buy multiple homes, cars, yachts, and castles over the years (yep, we said castles), he also purchased rare and unique items to fill his properties with. These included a copy of the first Superman comic, a skull from a Tyrannosaur, the possibly haunted and definitely creepy LaLaurie Mansion in New Orleans, a Gulfstream jet, and a private island. He also owned particularly unique pets, such as a crocodile, a salt water shark, an octopus, and a pair of albino King cobras. With a shopping list like that, it isn't so surprising that Cage wasn't able to hold on to his money.

Johnny Depp

Blew Through: $650 Million
Crazy Purchases: $30,000 a month on wine

Wild Purchases

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“I had not only lost the $650 million but I was $100 million in the hole because they had not paid the government my taxes for 17 years.” - Johnny Depp

Hard to believe the world's most famous pirate could be in dire financial straights. He blames his agents for the mismanagement and loss of his money.