Celebs That Went Bankrupt

Mike Tyson

All image sources/MarcaThis former heavyweight champion of the world declared bankruptcy in 2003 after spending lavishly on luxury cars, mansions, and other expenses. Despite being one of the highest-paid athletes in the world at the time, Tyson struggled to manage his finances and ended up filing for bankruptcy.

Kim Basinger

This Oscar-winning actress declared bankruptcy in 1992 after backing out of a movie contract and ending up in a costly legal battle. Basinger had signed on to star in the film "Boxing Helena," but later backed out of the project. This led to a legal dispute with the film's producers, which ended up costing Basinger a significant amount of money.

Toni Braxton

This Grammy-winning singer declared bankruptcy twice, in 1998 and 2010. In 1998, Braxton filed for bankruptcy due to unpaid taxes and high debts. She was able to reorganize her finances and emerge from bankruptcy, but she declared bankruptcy again in 2010 due to mounting debt and medical issues.

MC Hammer

This rap superstar declared bankruptcy in 1996 after spending lavishly on a $30 million mansion and a fleet of luxury cars. Hammer was one of the biggest stars of the 1990s, but he struggled to manage his finances and ended up filing for bankruptcy...

Wesley Snipes

This action star declared bankruptcy in 2010 after being convicted of failing to file tax returns and spending time in prison. Snipes was sentenced to three years in prison in 2006 for failing to file his tax returns, which resulted in significant legal fees and unpaid taxes. He declared bankruptcy in 2010 in order to deal with his financial issues.

Gary Busey

This eccentric actor declared bankruptcy in 2012 due to drug addiction and financial mismanagement. Busey struggled with substance abuse for many years, which ultimately led to financial difficulties. He declared bankruptcy in 2012 in order to reorganize his finances and get his life back on track.

Nicole Eggert

This "Charles in Charge" star declared bankruptcy in 2014 due to debt and unpaid taxes. Eggert struggled to manage her finances and ended up with a significant amount of debt. She declared bankruptcy in order to deal with her financial issues and get her life back on track.

Stephen Baldwin

This actor declared bankruptcy in 2009 after failing to pay taxes and making poor real estate investments. Baldwin struggled with financial mismanagement and ended up with a large amount of debt. He declared bankruptcy in order to reorganize his finances and get his life back on track.

Larry King:

This iconic TV host declared bankruptcy in 1978 and again in 1984 due to high debts and failed business ventures. King struggled to manage his finances and ended up filing for bankruptcy twice. He was able to rebuild his career and financial success after emerging from bankruptcy, but the experience was undoubtedly a difficult one.

Randy Quaid

This actor declared bankruptcy in 2010 after being accused of vandalism and facing legal troubles. Quaid faced significant legal fees and unpaid debts, which ultimately led to him declaring bankruptcy. He was able to reorganize his finances and get his life back on track after emerging from bankruptcy.

Burt Reynolds

CNN's Larry King interviews former President George H.W. Bush and his wife, Barbara, on Sunday, Nov. 14, 2010 in Houston, TX.John Nowak/CNN

This actor declared bankruptcy in 1996 after struggling with debt and costly divorces. Reynolds had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Willie Nelson

This country singer declared bankruptcy in 1990 after being hit with a large tax bill. Nelson struggled to pay his taxes and ended up with a significant amount of debt. He declared bankruptcy in order to reorganize his finances and get his life back on track.

Mickey Rooney

This actor declared bankruptcy in 1996 and again in 2009 due to high debts and poor financial management. Rooney struggled to manage his finances and ended up filing for bankruptcy twice. He was able to rebuild his career and financial success after emerging from bankruptcy, but the experience was undoubtedly a difficult one.

TLC

This successful girl group declared bankruptcy in 1995 after mismanagement of their finances and costly legal battles. TLC was one of the biggest pop groups of the 1990s, but they struggled to manage their finances and ended up declaring bankruptcy. They were able to rebuild their career and financial success after emerging from bankruptcy.

Brendan Fraser

This actor declared bankruptcy in 2013 after struggling with a costly divorce and mounting debt. Fraser had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Dionne Warwick:

This singer declared bankruptcy in 2013 after being hit with a large tax bill. Warwick struggled to pay her taxes and ended up with a significant amount of debt. She declared bankruptcy in order to reorganize her finances and get her life back on track.

Sinbad

This comedian declared bankruptcy in 2013 after struggling with high debts and costly legal fees. Sinbad had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

50 Cent

This rapper declared bankruptcy in 2015 after losing a legal battle and facing a large judgement. 50 Cent was sued by a woman who claimed that he had published a sex tape of her without her permission. The judgement against him was for $5 million, which 50 Cent was unable to pay and ended up declaring bankruptcy.

Janice Dickinson

This model and TV personality declared bankruptcy in 2013 after struggling with high debts and unpaid taxes. Dickinson struggled to manage her finances and ended up with a significant amount of debt. She declared bankruptcy in order to deal with her financial issues and get her life back on track.

Evander Holyfield

This former professional boxer declared bankruptcy in 2008 after mismanaging his finances and spending lavishly on luxury items. Holyfield was one of the biggest names in boxing, but he struggled to manage his finances and ended up declaring bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Lisa Marie Presley

This singer and daughter of Elvis Presley declared bankruptcy in 2013 after failing to pay taxes and facing high debts. Presley struggled to manage her finances and ended up with a significant amount of debt. She declared bankruptcy in order to deal with her financial issues and get her life back on track.

DJ Khaled

This music producer declared bankruptcy in 2011 after failing to pay his taxes and facing financial troubles. Khaled had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Marvin Gaye:

This legendary singer declared bankruptcy in 1976 after being hit with a large tax bill and struggling with drug addiction. Gaye was one of the biggest names in the music industry, but he struggled with substance abuse and financial mismanagement. He declared bankruptcy in order to deal with his financial issues and get his life back on track.

Pamela Anderson

This actress declared bankruptcy in 1998 after failing to pay taxes and making poor financial decisions. Anderson had a successful career, but she struggled to manage her finances and ended up filing for bankruptcy. She was able to rebuild her career and financial success after emerging from bankruptcy.

Anna Nicole Smith

This model and TV personality declared bankruptcy in 1996 after struggling with high debts and costly legal battles. Smith had a successful career, but she struggled to manage her finances and ended up declaring bankruptcy. She was able to rebuild her career and financial success after emerging from bankruptcy.

La Toya Jackson

This singer and member of the Jackson family declared bankruptcy in 2013 after mismanaging her finances and facing legal troubles. Jackson had a successful career, but she struggled to manage her finances and ended up filing for bankruptcy. She was able to rebuild her career and financial success after emerging from bankruptcy.

Nas

This rapper declared bankruptcy in 2009 after failing to pay taxes and facing high debts. Nas had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Sly Stone

This musician and member of the band Sly and the Family Stone declared bankruptcy in 2014 after struggling with high debts and legal issues. Stone had a successful career, but he struggled to manage his finances and ended up declaring bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Willie Aames

This actor declared bankruptcy in 2011 after struggling with high debts and costly legal battles. Aames had a successful career, but he struggled to manage his finances and ended up filing for bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.

Meat Loaf:

This singer declared bankruptcy in 1983 after mismanaging his finances and facing legal troubles. Meat Loaf had a successful career, but he struggled to manage his finances and ended up declaring bankruptcy. He was able to rebuild his career and financial success after emerging from bankruptcy.