{"id":24413,"date":"2020-02-27T22:10:47","date_gmt":"2020-02-27T22:10:47","guid":{"rendered":"https:\/\/vnsalvation.net\/?p=24413"},"modified":"2022-04-12T20:40:36","modified_gmt":"2022-04-12T20:40:36","slug":"famously-bankrupt-celebrities-who-died-broke","status":"publish","type":"post","link":"https:\/\/hahosa.com\/vnsalvation\/famously-bankrupt-celebrities-who-died-broke\/","title":{"rendered":"Famously Bankrupt: Celebrities Who Died Broke"},"content":{"rendered":"

Famously Bankrupt: Celebrities Who Died Broke<\/h1>\n

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Lauren Hamer<\/a> | More Articles<\/a><\/p>\n

March 29, 2018<\/p>\n

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When Hollywood\u2019s elite land a leading role in a box office hit or pen the words to a No. 1 song, we automatically think they\u2019re financially set for life. These celebrities become instant world-class stars, never again worrying about bills or the dollar amounts<\/a> in their banks.<\/p>\n<\/div>\n

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Some celebrities do get everything they ever dreamed of. But even the richest of the rich fall victim to financial faux pas. And some celebrities leave behind tragic legacies of hardship and misfortune. For these 15 celebrities, their monetary missteps were too deep to come back from, and they died broke.<\/strong><\/p>\n<\/div>\n

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1. Marvin Gaye<\/strong><\/h2>\n<\/div>\n

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R&B hit maker Marvin Gaye definitely knew how to belt out chart-toppers, but successfully managing his personal finances was a different story. Much of his professional royalties went toward his two failed marriages and tax troubles that briefly exiled<\/a> him to Europe. In order to cover the\u00a0$600,000<\/a>\u00a0Gaye owed his wife in alimony, he gave her the rights to his album \u201cHere, My Dear.\u201d A serious drug addiction also wiped out his bank account, so when he died Gaye was penniless.<\/p>\n<\/div>\n

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2. Judy Garland<\/strong><\/h2>\n<\/div>\n

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Otherwise known as Dorothy from The Wizard of Oz<\/em>, Judy Garland thoroughly enjoyed the money and fame her singing and acting career awarded her. But Garland was unable to click her heels and vanish her subsequent money woes when her wild success led to a debilitating drug addiction and financial struggles. Garland\u2019s home was repossessed,<\/a> and when she died in 1989 she had accumulated almost $4 million<\/a> in unpaid debt.<\/p>\n<\/div>\n

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3. Gary Coleman<\/strong><\/h2>\n<\/div>\n

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Actor Gary Coleman was the breakout star of the sitcom Diff\u2019rent Strokes<\/em>. Although he was once NBC\u2019s highest paid<\/a> comedic actor, Coleman wound up suing his parents, agents, and lawyers for mismanaging his wealth. He was awarded almost $1.3 million<\/a> in the settlement, but serious health problems and continued financial mistakes forced bankruptcy shortly thereafter. When he died at 42, he had mere pennies to his name.<\/p>\n<\/div>\n

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4. Sammy Davis Jr.<\/strong><\/h2>\n<\/div>\n

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A member of Frank Sinatra\u2019s Rat Pack, Sammy Davis Jr. made millions throughout his music career. Unfortunately, the singer fell victim to the classic celebrity tale: substance abuse and extravagant spending. When he died in 1990, he was impoverished and deeply in tax debt<\/a>. The family was forced to auction off his possessions<\/a> to chip away at his bills.<\/p>\n<\/div>\n

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5. Michael Jackson<\/strong><\/h2>\n<\/div>\n

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The King of Pop will likely go down in history as one of the greatest musicians of all time. Michael Jackson enjoyed unbelievable success that allowed him to live lavishly. But outside of music, his personal life was plagued with drama. When he died in 2009, his estate went bankrupt, and he owned about $500 million<\/a> to the IRS. His upcoming music tour was planned solely to resolve his debts, but due to his untimely death it never began.<\/p>\n<\/div>\n

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6. Bela Lugosi<\/strong><\/h2>\n<\/div>\n

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Best known for playing Dracula <\/em>in the 1931 horror, Bela Lugosi become a cinematic superstar almost instantaneously. However, his fortune disappeared just as quickly as it arrived due to a draining drug and alcohol addiction. He also found it hard to book other roles outside of the horror industry, and unfortunately he could never match his success earned as Count Dracula. Lugosi died broke with only $1,900 in the bank<\/a> and some real estate properties valued at $1,000.<\/p>\n<\/div>\n

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7. Joe Louis<\/strong><\/h2>\n<\/div>\n

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Boxer Joe Louis raked in the dough as an influential heavyweight champion, but he still wound up broke on his death bed. Most of the millions<\/a> he made went to his handlers. Of the money he did receive, he gave to friends, relatives, and bad business investments. By 1951, he owed $1.25 million<\/a>. But he never paid the debt before dying in 1981 \u2014 despite working as a greeter at Caesar\u2019s Palace in Las Vegas for extra money.<\/p>\n<\/div>\n

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8. Andy Gibb<\/strong><\/h2>\n<\/div>\n

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As the youngest brother of the iconic rock group, The Bee Gees, Andy Gibb was well on his way to a lifetime of international stardom before cocaine abuse plummeted his personal and financial status. Gibb is proof no amount of money guarantees long-term wealth. At one point, he was spending $1,000 a day<\/a> on drugs. And when he died in 1988 at age 30 of substance-abuse complications, he owned millions to his managers and bill collectors.<\/p>\n<\/div>\n

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9. Mickey Rooney<\/strong><\/h2>\n<\/div>\n

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Actor Mickey Rooney was married eight times throughout his 90-year entertainment tenure. But when he died in 2014, there was barely enough cash available to pay for a proper funeral. His entire $18,000 fortune<\/a> was left to his step son, which sparked intense family feuds.<\/p>\n<\/div>\n

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10. Corey Haim<\/strong><\/h2>\n<\/div>\n

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Actor Corey Haim\u2019s road to success was marred by substance abuse and poor financial decisions. After staring in major films, such as The Lost Boys<\/em>, Haim filed for chapter 11 bankruptcy<\/a> and was living with his mother at the time of his death. Haim\u2019s family was forced to auction off memorabilia items and asked for fan donations<\/a> just to fund a proper funeral.<\/p>\n<\/div>\n

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11. Bobby Driscoll<\/strong><\/h2>\n<\/div>\n

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Bobby Driscoll is best known as the voice behind the legendary Disney character Peter Pan. But success at such a young age comes at a price. He faced jail time for illegal drug use<\/a>\u00a0and found it hard to find work with such a stigma thereafter. When he died at age 31<\/a>, he was penniless and laid to rest in an unmarked grave after his body was found in New York with no identification.<\/p>\n<\/div>\n

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12. Nikola Tesla<\/strong><\/h2>\n<\/div>\n

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We have Nikola Tesla to thank for alternating current and transforming radio, wireless technology, neon lamps, and X-rays. Unfortunately, a life of luxury was not in the cards for Tesla. Thomas Edison famously rebuffed<\/a> his $50,000 bonus offer in exchange for Tesla\u2019s work on currents. Later, he fell victim to many unwise financial investments and failed business relationships. The beef with Edison and a meager life savings to stand on forced Tesla to live in a hotel, where he died in 1943.<\/p>\n<\/div>\n

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13. Veronica Lake<\/strong><\/h2>\n<\/div>\n

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Actress Veronica Lake\u2019s initial success in Hollywood was squandered by mental illness<\/a> and a stream of broken marriages. Although she was rewarded heavily for big-time roles in Sullivan\u2019s Travels<\/em> and as a pin-up girl, the success couldn\u2019t last. As is the case with many A-listers who also threw away their fortunes with reckless abandon, Lake poured her wealth into liquor bottles and eventually died in poverty at 50 years old.<\/p>\n<\/div>\n

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14. Edgar Allan Poe<\/strong><\/h2>\n<\/div>\n

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While Edgar Allan Poe\u2019s creative writings continue to haunt the dreams of every middle school reader, his work was not enough to keep his finances in check. The Raven<\/em> did not prove to be the money maker it is today until after his death in 1849. He was known as a perpetual grump, who could barely keep a job. So when he died mysteriously<\/a> during an emotional upheaval, it came as no surprise that he passed completely broke.<\/p>\n<\/div>\n

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15. Billie Holiday <\/strong><\/h2>\n<\/div>\n

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Diana Ross inducted Billy Holiday into the Rock and Roll Hall of Fame posthumously in 2000. Despite her years as a successful jazz singer<\/a>, Billie died impoverished after suffering from continuous alcohol and drug-related complications. But Holiday never truly enjoyed the rich and famous lifestyle, as she grew up around poverty and prostitution well before signing her record deal and touring the world. It\u2019s reported she died with only $750<\/a> to her name in 1959.<\/p>\n

https:\/\/www.cheatsheet.com\/money-career\/famously-bankrupt-celebrities-died-broke.html\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Famously Bankrupt: Celebrities Who Died Broke Lauren Hamer | More Articles March 29, 2018 When Hollywood\u2019s elite land<\/p>\n","protected":false},"author":1,"featured_media":24415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[129,349,1],"tags":[],"series":[],"class_list":["post-24413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","category-suu-tam-collections","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/posts\/24413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/comments?post=24413"}],"version-history":[{"count":1,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/posts\/24413\/revisions"}],"predecessor-version":[{"id":24414,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/posts\/24413\/revisions\/24414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/media\/24415"}],"wp:attachment":[{"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/media?parent=24413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/categories?post=24413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/tags?post=24413"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/hahosa.com\/vnsalvation\/wp-json\/wp\/v2\/series?post=24413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}