At one point, all of these celebrities were living the lifestyle that comes with being rich and famous. But money doesn't always last forever, and these famous folks learned that the hard way.
The Teen Mom star apparently has wild spending habits and lives a life of luxury, despite having severe money issues. It was reported that she was “flat broke.”
The Real Housewives of New Jersey star is no stranger to financial issues. Teresa and her husband filed for bankruptcy in 2009 and said they were $11 million in debt. They were then indicted for fraud and were said to have hid assets in their bankruptcy filing. Her husband is currently serving his 41-month sentence after pleading guilty to fraud charges and will be deported to Italy when he's done.
The husband of Heidi Montag isn't the best with his money. After the cancellation of The Hills, Spencer blew through $10 million due to exuberant spending.
Dorit & PK Kemsley
The Real Housewives of Beverly Hills star's husband has had quite the legal and financial issues over the years. In 2012, PK filed bankruptcy in the UK, and was sued in 2013 by the Bellagio Hotel and Casino for failing to pay back a $3.6 million marker.
The mom of eight only had three episodes of her TV show air in 2017, making her bank account look grim. Plus, raising eight kids isn't cheap.
The rapper and fashion designer tweeted (and later deleted) in 2016 that he was $53 million in personal debt.
The Beverly Hills, 90210 actress and her husband were hit with a tax lien in 2016 for owing over $250,000 in unpaid state taxes. She was also sued by American Express for not paying her outstanding credit card bill of over $30,000.
The King of Pop was a music legend, but at the time of his death, he was nearly half a billion in debt.
Back in 2010, the Mandy actor owed the IRS $14 million and was allegedly down a path of "financial ruin."
The American Idol winner was riding high on the singing competition show, but was forced to hand over her million-dollar mansion to the bank when she hit financial crisis.
In 2015, the rapper filed Chapter 11 bankruptcy. His debts and assets ranged between $10 million and $50 million.
Back in 1976, the "Let’s Get It On" singer filed for bankruptcy after his divorce from wife Anna Gordy Gaye.
Back in 1981, the "Girls Just Want to Have Fun" singer had a falling out with her then-manager and was sued for $80,000. She was still a struggling musician back then and was forced to file for bankruptcy.
The Pirates of the Caribbean actor may have been the fifth highest-paid actor in 2016, but he's had some major financial issues. He alleged that his former management company mismanaged $400 million of his money, resulting in major losses.
Lisa Marie Presley
It’s hard to believe a descendant of Elvis Presley would ever struggle with money, but in February 2018 the singer-songwriter claimed to be $16 million in debt.
Tionne “T-Boz” Watkins
The TLC singer filed for bankruptcy first in 1995, and then again in 2011, with a debt totaling about $768,643.
The former child pop star filed for Chapter 7 bankruptcy in November 2013.
The leading man of the ‘90s went to court in 2013 to try to lower his spousal support, citing that he could no longer meet the annual payment of $900,000.
The early ‘90s heartthrob and his wife filed for Chapter 7 bankruptcy in July 2017. A document revealed the couple's income was $6,966.
It was reported in March 2018 that the musician and widow of Kurt Cobain has more than half a million in unpaid taxes to her name.
The iconic Las Vegas entertainer filed for bankruptcy in 1992.
The "Un-Break My Heart" singer filed for bankruptcy in 2010, claiming to have debts between $10 million and $50 million.
Although he is one of the best-known television and radio hosts, back in the day, Larry had major financial issues and filed for bankruptcy in 1978.
In 2012, it was reported that the retired NBA player owed more than $800,000 in child support and spousal support to his ex-wife. He also owed hundreds of thousands in California taxes.
Back in 1990, the singer owed $32 million in tax debt. He’s since made light of his tax problems, even appearing in a commercial in 2003 for tax preparers H&R Block.
The youngest Baldwin brother admitted in 2013 that he had failed to pay taxes for 2008, 2009 and 2010. His tax debt totaled $400,000. In 2014, he paid off the taxes.
In 2014 it was reported that the 8 Mile actor filed for Chapter 11 bankruptcy. He claimed to be $1.3 million in debt.
Despite being one of the highest paid actors on TV in the '80s, the late Diff'rent Strokes star filed for Chapter 7 bankruptcy in 1999. His debt was roughy $72,000 and due to medical expenses.
In 2003, the former boxer was forced to file for bankruptcy, having squandered his $300 million net worth.
At one point in his career, the singer and musician was dealing with over 45 lawsuits which totaled over $80 million. In the late ‘80s, he filed a Chapter 11 bankruptcy to protect himself.
The comedian’s financial struggles over the years have been no laughing matter. The government filed a $3.5 million tax lien against him in 2009 for unpaid taxes in California. In 2010, it was reported that he owed more than $11 million in unpaid taxes.
Although the 45th President of the United States has never personally filed for bankruptcy, at least four of his businesses and casinos have.
The ex-NBA star filed for bankruptcy in 2010 and lost his nearly $110 million fortune due to overspending and frivolous purchases. He now dishes out advice to today’s star athletes, so they can avoid the mistakes he made.
Anyone who is obsessed with The Real Housewives of New York City is familiar with the financial issues of Ms. Sonja Morgan. The socialite filed for bankruptcy in 2010. Maybe her toaster oven line will finally take off and get her out of the hole.
The former NBA star earned over $150 million in his career from his salary alone, but it was reported in 2012 that he was allegedly broke and struggling with financial issues.
In 2017, the former NFL quarterback made his final payment of $1.5 million to creditors. Back in 2008, he filed for bankruptcy with a debt of $17.6 million and has paid back $17.4 million of it.
The famous music producer, who has made successful tracks for Christina Aguilera and Beyoncé, used to live the good life in a $10.5 million mansion on a Miami Island. In 2008 it was reported that he owed over $500,000 in unpaid taxes.
The comedian and actor has filed for bankruptcy more than once. Sinbad reported that his debt came from his business expenses. When he filed for the second time, he was $11 million in debt.
In 2013, the "I Say a Little Prayer" singer owed almost $10 million in back taxes and filed for Chapter 7 bankruptcy.
Sarah, Duchess of York
The royal was nearly forced to declare bankruptcy after being severely in debt. In 2010, she was caught on tape accepting a bribe from a reporter who was undercover. The man told her he could get her out of her serious financial problems.
The former major league baseball player filed for Chapter 7 bankruptcy in August 2012. His debt totaled about $1.7 million and he only had $21,000 in assets.
On April 14, 2014, the Meet the Parents star filed for Chapter 11 bankruptcy with a debt totaling around $1 million.
The former supermodel was $1 million in debt from unpaid taxes and plastic surgery bills and declared bankruptcy back in 2013.
Francis Ford Coppola
The Godfather director began bankruptcy proceedings when his 1981 musical, One From the Heart, bombed.
In 2017, the rapper was charged by the IRS with tax fraud for owing over $1 million in tax liabilities.
The late actor was Hollywood royalty, but after his divorce from ex-wife Loni Anderson, he filed for bankruptcy and was believed to be in financial ruin.
The Batman actress was sued for nearly $8 million after she backed out of the 1993 film Boxing Helena. She was forced to file for bankruptcy.
In 2012, the actor filed for Chapter 7 bankruptcy protection and claimed he was worth less than $50,000.