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10 Celebrities You Might Not Know Went Bankrupt

Robin Marchant, Theo Wargo/Getty

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.


Justin Sullivan/Getty
Justin Sullivan/Getty
1

MC Hammer

 
 

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.

 
Alberto E. Rodriguez/Getty
Alberto E. Rodriguez/Getty
2

Kim Basinger

 
 

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.

 
Frederick M. Brown/Getty
Frederick M. Brown/Getty
3

Mike Tyson

 
 

After earning more than $300 million as a professional boxer, Tyson filed for bankruptcy. That really bites.

 
Rick Diamond/Getty
Rick Diamond/Getty
4

Willie Nelson

 
 

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!

 
Gareth Cattermole/Getty
Gareth Cattermole/Getty
5

Nicolas Cage

 
 

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.

 
Ethan Miller/Getty
Ethan Miller/Getty
6

Donald Trump

 
 

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.

 
Frederick M. Brown/Getty
Frederick M. Brown/Getty
7

Gary Busey

 
 

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.

 
Mark Davis/Getty
Mark Davis/Getty
8

Chris Tucker

 
 

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.

 
Michael Heiman/Getty
Michael Heiman/Getty
9

Tia Carrere

 
 

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?

 
Dan Kitwood/Getty
Dan Kitwood/Getty
10

Wesley Snipes

 
 

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?

 

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