Celebrities Who Got Rich and Then Lost It All

Although most of these celebrities started off with several millions of dollars in their bank accounts, one way or another, they found themselves in financial ruin. It can happen to anyone—even the people you least expect. 

Michael Jackson

Michael Jackson was in roughly $400 million in debt before he passed away suddenly in 2009. Neverland Ranch was foreclosed upon before he died, and his chief financial officer was able to sell the property to cover the rest of his debt in his absence. Oddly enough, Michael Jackson became the top-earning dead celebrity in 2012, netting Sony a massive amount of profit in his wake. 

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The More You Know

  • At 10 years old and while still in elementary school, Warren Buffett started having lunch meetings with a New York Stock Exchange member. He bought his first stock at age 11. Today, he’s worth $80 billion.
  • In 1978, Tim Allen was arrested for possession of 1.4 pounds of cocaine and was sentenced to three to seven years in jail. He was let out on parole after two years and four months.
  • Jon Bon Jovi's birth name is John Bongiovi Jr.
  • Jaleel White was the voice of Sonic the Hedgehog in multiple old animated series.
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