10 Celebrities You Might Not Know Went Bankrupt
Where did the money that all these celebrities had at one time in their lives go? Musician, MC Hammer squandered $33 million, Gary Busey has less than $50,000 left to his name, and what happened to the $300 million that Mike Tyson had?
All of these celebrities were sitting on easy street and something went terribly wrong.
Musician MC Hammer earned $33 million back in the 1990s and has blown it all. Purchasing two private helicopters is one of the reasons the cash is gone. Goes to show you can't fly away from debt.
Rumor has it that she paid $20 million for a small town in Georgia and filed for bankruptcy four years later. We assume it costs a lot to run a small town.
After earning more than $300 million as a professional boxer, Tyson filed for bankruptcy. That really bites.
Willie filed bankruptcy after after the Internal Revenue Service said he owed $16 million for unpaid taxes. With all the wrong doing the IRS has been caught in, it might be possible they're smoking Willie's weed too!
Cage was charged with unpaid taxes totaling more than $6 million by the IRS. And that was just the taxes for the 2007 fiscal year. The IRS might be smoking his weed too.
Trump has never filed for personal bankruptcy but has emerge without a scratch financially. He has filed for corporate bankruptcy four times in 1991, 1992, 2004 and 2009.
Busey has appeared in more than 70 films, including “Lethal Weapon” and “Point Break.” Some claim it's possible that he has less than $50,000 in assets to his name.
Documents have been filed at Lake County and the IRS has a lien of $11.5 million to collect federal income taxes. The IRS has to pay for those conferences and online porn somehow.
Do you think that maybe Carrere was a little greedy? She filed a lawsuit for bankruptcy saying “General Hospital” wasn't providing her with enough work to sustain her lifestyle. we've all been there and done that, right?
The IRS said Snipes tried to cheat the government out of almost $12 million and for not filing any tax returns for six years. Snipes surrendered for a jail stint in 2010. Is it just us, or does the IRS seem to play a big role in lots of bankruptcies?