12 Celebrities And Their Biggest Money Mistakes

Just because you are talented, famous, and rich, it doesn't mean that you can't make bad decisions when it comes to your money. In fact, the bad decisions made by celebrities often come with some hefty price tags. It seems that for these particular celebs, the more money they have, the bigger and more costly the mistakes they make!

From getting outright conned, to spending way too much money without thinking, to trusting in awful investment strategies that end in disaster – settle in as we take a look at some of the worst celebrity mistakes that really did cost them millions.

Justin Timberlake - Myspace Investment

Back in its heyday, Myspace was the place to be for social networking and keeping in touch with pals. However, it practically fell off the face of the earth once Facebook started gaining traction. This was something that Justin, unfortunately, found out the hard way. After purchasing a $35 million stake in the company in 2011, Timberlake sold his shares for a measly $1 in 2015. Ouch.

Katy Perry - No Prenup

Katy Perry was worth $44 million at the time that she and then-husband, Russell Brand, filed for divorce. Unfortunately, they hadn't entered into any kind of prenuptial agreement, which meant that Brand was legally entitled to half of her fortune. Luckily for Katy, Russell agreed that their split should remain amicable and did not take up the offer of $22 million!

Scottie Pippen - Private Jet

For Scottie Pippen, there have been a series of poor investments that make you wonder if he ever learns from his mistakes. For example, in 2002, Pippen purchased a $4 million Gulfstream jet from a company known as Air Pip. Due to a missed inspection, Pippen didn't realize that the jet required over $1 million in repairs! Because of this, it never even got off the ground.