When we talk about celebrities, we instantly assume that they possess riches that we can only dream of. Most of them have gotten not only famous but also rich after making a name for themselves in the field that they are working in. However, the truth is that some celebs do not stay that way forever. In fact, they might have made terrible financial decisions or spent all their money on the silliest things. You are going to be shocked to hear that your favorite stars can’t afford a life of luxury anymore!
These Celebrities Can No Longer Live Extravagant Lives After Running Into Financial Problems
Nicolas Cage
Do you remember that period when it felt like Nicolas Cage was starring in all the new movies? Even so, the National Treasure star ended up using his fortune to buy a Gulfstream jet, a private island, and exotic animals. His needless spending has landed him in hot water. He once owed the IRS $14 million in back taxes. On top of that, his ex-wife served him a $13 million lawsuit in 2009. It did not help that a real estate company also sued him for his failure to pay back his loans in the same year.
Nicolas Cage
Lisa Marie Presley
You probably assumed that Lisa Marie Presley was set for life as the only child of the King of Rock and Roll. There was a time when that was true. However, her divorce documents revealed that she had a debt of $16.7 million by February 2018. It was that big thanks to a defaulted mortgage and unpaid credit card bills. She also had a messy legal battle with her financial manager, who she believed was at fault for the current state of her finances. She has since sued him for an incredible $100 million.
Lisa Marie Presley
Tyga
Over the past couple of years, this rapper has landed in hot water both financially and legally. In 2012, Tyga was served a lawsuit by three women who starred in his music video. Even though he promised to edit out an undressed scene, it made it to the final cut. The year after that, he had a debt of $185,000 to a jeweler in Los Angeles. Things got worse for him in 2015 and 2016 because he could not pay rent and caused damage to the property at the same time. By 2016, his luxury cars have been repossessed.
Tyga
Alexis Bellino
We all saw the luxurious life of Alexis Bellino on The Real Housewives of Orange County. It turns out that this is no longer the case. For years now, the TV personality has been going through a tough time when it comes to her finances. In 2010, she and Jim Bellino defaulted on their mansion, which was worth $4.6 million. What made it worse was that his real estate company filed for bankruptcy later that year. They have since broken up, which has made things better for her. After all, she is set to get spousal support and child support worth $16,000.
Alexis Bellino
Lauryn Hill
This talented woman was a top contender for the queen of the R&B and hip-hop scene during the late ‘90s and the 2000s. However, she found herself in a financial mess after she failed to pay her taxes properly from 2005 until 2007. She claimed that she chose not to do so because “manipulation” and a “climate of hostility” deterred her creativity. Sadly, it landed her in jail for three months. Not only that, but she was ordered to give $554,000 to the IRS as well.
Lauryn Hill
Rupert Grint
Can you imagine what Harry Potter would have been like without Rupert Grint to play the trusty sidekick? When the movie series has since wrapped up, the actor had a hard time getting new roles. What made it even worse was the fact that he had to pay the IRS more than $1 million after some trouble with accounting in 2016. He appealed this order, but it was denied in the end.
Rupert Grint
Chris Tucker
The actor is best known for starring in 2000s blockbusters such as Friday, The Fifth Element, and the Rush Hour movies. There was a time when Chris Tucker was the top-paid Hollywood actor. Sadly, the IRS said that he had to pay back taxes worth $14 million in 2014. It must have been a relief that he did not have to go to jail. Even so, we have doubts that he is leading a luxurious life when you consider the fact that his last movie was in 2016.
Chris Tucker
Bow Wow
Anyone who likes rap from the 2000s will know Lil’ Bow Wow. Born Shad Gregory Moss, his finances kept going down with his popularity. In 2012, he had to pay the mother of his daughter $3,000 per month but claimed that he only had $1,500. This is already bad enough as it is, but this was not the last time he was in the news. In 2017, the rapper posted a photo of a private jet but was revealed to have taken a commercial flight instead.
Bow Wow
Drake Bell
You probably remember a show called Drake and Josh. Despite this, you probably have not heard a lot about Drake Bell in a while. The former child star set his eyes on a music career when the show ended. Sadly, he did not make it big in this industry. By 2014, he failed to keep up with payments on the house that he purchased in 2007. This was the reason it went into foreclosure in the end.
Drake Bell
Courtney Love
Over the years, Courtney Love has been in tax trouble more than once. In 2012, she had to pay the IRS hundreds of thousands of dollars. On top of that, she had to pay her legal counsel $27 million. It might sound like a great sum of money but let us not forget that her late husband Kurt Cobain left her a lot of money. While she had to cut back on spending, she is probably going to do all right no matter what.
Courtney Love
Toni Braxton
You were wrong if you assumed that a person is financially set for life just because they have a Grammy. Toni Braxton allegedly only received $2,000 in royalties despite selling her album sales reaching millions of dollars. In 2010 and then in 2013, she declared insolvency. When she and her sisters appeared on a reality show, she admitted that she had to watch her spending because she is trying to follow a budget.
Toni Braxton
Kim Basinger
A lot of people know Kim Basinger for her good looks, acting skills, and previous marriage to Alec Baldwin. Sadly, things have not always been easy for her in terms of finances. In the past, she purchased a Georgian town to focus on the tourism sector. Sadly, she ended up backing out of a film and sold part of it. The price had gone down from $20 million to only a million bucks. In 1983, she filed for bankruptcy.
Kim Basinger
Brendan Fraser
It has been a while since the time Brendan Fraser appeared in just about every action film in Hollywood. When he and his wife divorced in 2007, his career started to go downhill as well. This was when his financial troubles started. In 2013, it got to the point where he had to petition the court to lower his yearly spousal payments, which was set at $900,000, because his income made it impossible to cover it.
Brendan Fraser
Mike Tyson
This athlete is now worth $3 million. While it is still a lot of money, it is a fraction of his former net worth of $400 million. He spent too much of it on lavish parties, golden bathrooms, pet tigers, and a high-profile divorce. Aside from that, he had to give a lot of money to lawyers, the IRS, and people he owed money. He is now trying to stay afloat, which means giving up many of the luxurious things he owned.
Mike Tyson
Pamela Anderson
You can be rich and famous, but you still have to pay your taxes! After Pamela Anderson was caught with hundreds of thousands in back taxes, life got more difficult for her. Despite everything that has happened to her, she continued living the same lifestyle. Even though you would think that she has a lot of money to her name, it is said that she has a net worth of anywhere from $8 million to $15 million.
Pamela Anderson
Abby Lee Miller
Is there a dance teacher more infamous than Abby Lee Miller? She is best known for her work in Dance Moms, although her recent legal issues have also been reported by the media. The celebrity was caught hiding earnings of $775,000 as she filed for bankruptcy. She had to serve a jail sentence until she was brought to a hospital after a lymphoma diagnosis. With a net worth of $2 million, she tried to make a comeback during the eighth season of Dance Moms.
Abby Lee Miller
LeAnn Rimes
There was a time when LeAnn Rimes was the talk of the town of the music industry, but things have died down. This does not mean that she has stopped living in luxury. The problem is that she is no longer making as much money as she used to. It does not help that Eddie Cibrian, her husband, is not making a lot of money as an actor. Luckily for her, she still gets to work on Hallmark movies and Christmas music.
LeAnn Rimes
Jon and Kate Gosselin
Do you recall Jon and Kate Plus 8? This reality TV couple split up after Jon allegedly had an affair with the nanny. The show was then cancelled, and the couple got a divorce. They used to make more than $75,000 for each episode, but it must not have been cheap to provide for the big family.
Jon And Kate Gosselin
Willie Nelson
You do not even need to be a big country music fan to know Willie Nelson. He has been in the music industry since 1956, so you would think that he has made a fortune. Things spiraled when he had to pay the IRS $16.7 million in taxes. Thanks to his lawyer and an album called ‘The IRS Tapes: Who’ll Buy My Memories,’ he was able to get out of debt. Despite this, his life has never been the same since then.
Willie Nelson
Cyndi Lauper
Back in the ‘80s, it was hard to find a more popular musician than Cyndi Lauper. The singer could no longer have as much fun as she used to after filing for bankruptcy when her band split up. She even had to wait tables and perform in bars to make ends meet. She is now in a better place, but we are sure that it was not easy to get in debt after her success.
Cyndi Lauper
Janice Dickinson
Best known for her supermodel career, Janice Dickinson went through a rough patch thanks to her plastic surgery addiction. In 2014, it was revealed that she had a debt of $1 million. She mostly spent this money on cosmetic surgery. She ended up filing for bankruptcy. We hope that she has since learned her lesson and has stopped going under the knife.
Janice Dickinson
Don Johnson
You probably know this actor for his work in Miami Vice. Best known for his cop dramas, Don Johnson found himself in trouble after being a money laundering charge in 2002. Six years after that, he almost lost his Colorado property to foreclosure. It was a good thing that he managed to pay back his debt of $14.5 million before that could happen. His current net worth is still unverified.
Don Johnson
Vanilla Ice
Born Robert Matthew Van Winkle, Vanilla Ice is best known for his hit song, ‘Ice Ice Baby.’ Even though he is still getting royalties for his TV work and music, life has not been going smoothly for him. Reports claim that the Texan rapper is avoiding payments to his ex-wife. A judge even had to step in and make him pay Laura, his ex, hundreds of thousands of dollars.
Vanilla Ice
Mike “The Situation” Sorrentino
At the height of his career, Mike Sorrentino was a huge name in show business. The Jersey Shore star was even roasted on Comedy Central back in the day. However, he had to go to jail for not paying his taxes on an income of $8.9 million. In the past, he said that he planned to make a comeback in 2019. Sadly, it must be difficult to reach the same level of fame that he once had.
Mike “The Situation” Sorrentino
Aaron Carter
If you grew up in the ‘90s, you probably had a big crush on Aaron Carter. The ‘I Want Candy’ singer is the younger sibling of Nick Carter of Backstreet Boys fame. However, he landed in hot water after his failure to pay taxes and landed in serious debt. Recently, he had a guest appearance on Dancing With The Stars. Despite this, he is still no longer as famous as he used to be.
Aaron Carter
Joey Lawrence
Try not to flinch when you hear the story of this actor. The ‘90s star is best known for appearing on Brotherly Love, Melissa and Joey, and Blossom. However, that was the peak of his career because he ended up with financial issues. In 2017, he had to file for insolvency. At the time, he claimed that he and his wife had no more than $8,000 to their names.
Joey Lawrence
Wesley Snipes
We have another actor who tried to game the tax system. Wesley Snipes made millions by starring in movies like Demolition Man, New Jack City, and Blade. When his career started to go downhill, he filed false tax returns and spent three years in jail when he was caught. Even after that, he had to pay the IRS as much as $17.5 million.
Wesley Snipes
Heidi Montag
You likely remember this reality TV star. Best known for her time on The Hills, Heidi Montag made a lot of money from the show. When it ended in 2010, things have not been the same for her. After that, she appeared in Celebrity Big Brother, but the public was no longer as interested in this drama queen. She can’t splurge the same way that she used to at the height of her career.
Heidi Montag
Lena Headey
Any Game of Thrones fan will know Lena Headey for playing Cersei Lannister. Before she was cast to play the iconic role, she had been having a hard time landing acting gigs. Thanks to a messy divorce and a high-profile custody battle, she had to take on debt. To pay it off, she even sold her house and considered joining reality shows!
Lena Headey
Suzanne Somers
This ‘70s cult star is best known for starring in Three’s Company. Even though she was only on the show for one year, she was a hit among the viewers. However, she should have stayed on the good side of the producer. She ended up breaching her contract for leaving because she wanted to be paid more. The legal fees caused her to go into debt. It was also hard for her to land more jobs after that.
Suzanne Somers
Wayne Newton
It is hard to believe that the most famous entertainer in Las Vegas can be broke. Sadly, this is what happened to Wayne Newton. Mr. Las Vegas had been working there for decades, but his finances have been doing badly for nearly as long. In 1992, he went bankrupt thanks to his debt of $20 million. A few years after that, the IRS went after him for his failure to pay $2 million in taxes.
Wayne Newton
Larry King
Typically, TV show hosts are more responsible with their money than their guest celebrities. This was not true for Larry King, however. The Emmy award winner is one of the most famous talk show hosts out there, but he has not always made the right financial decisions. In 1978, he filed for bankruptcy. It was a good thing that he managed to bounce back after this.
Larry King
Mischa Barton
If you watched The O.C., there is no way you could have forgotten about Mischa Barton. When she left the show in 2006, she wanted to pursue a film career. Sadly, she soon learned that it was harder than it looked. Her career was not the only thing to dry up as her bank account came with it. What made it even worse was that her manager mom defrauded her and took out loans in her name.
Mischa Barton
Johnny Depp
In 2016, Johnny Depp was the fifth best paid actor in Hollywood. Over the years, the talented actor has spent a lot of money on various things such as a record label and a yacht. In 2017, he said that his old business managers caused much of his financial disarray. In turn, however, they counter-sued him. At the moment, the Pirates of the Caribbean star has a debt of $40 million to his name.
Johnny Depp
Amanda Bynes
A former child star, Amanda Bynes impressed us all in All That and The Amanda Show. Her career grew some more as the years passed by. Sadly, mental issues have made life more difficult for her. She even turned to illegal substances to cope. Eventually, she pretty much fell off the map. Needless to say, she is no longer making the same amount of money as she used to.
Amanda Bynes
Curtis “50 Cent” Jackson
During the 2000s, 50 Cent was one of the biggest rappers in the music industry. In fact, it is not a stretch to call him the king of hip-hop during that decade! Sadly, he had to pay Lastonia Leviston more than $7 million after he released her adult video without her consent. Four years after that, he had to pay Sleek Audio more than $16 million after his plan with the company fell through. He eventually went bankrupt.
Curtis “50 Cent” Jackson
Lindsay Lohan
It was not that long ago when Lindsay Lohan was among the biggest stars in Hollywood. The former child star transitioned into teen stardom by starring in Mean Girls and Freaky Friday. Sadly, she got into trouble with the law and stopped landing job offers. Even though she tried to revive her career with Sick Note, her current net worth is still much less than it was in her prime.
Lindsay Lohan
Teresa Giudice
If she thought that she would get out of financial trouble by starring in The Real Housewives of New Jersey, she was wrong. As a matter of fact, the show probably only made it harder for Teresa Giudice because it brought more attention to her money problems. It all started in 2009 when she and her husband allegedly had a debt of $10 million. They had to file for bankruptcy and tried to recoup their losses with fraud, which landed them in jail. She spent almost a year in jail before she got out.
Teresa Giudice
Sinbad
Once upon a time, it felt like this comedian had everything one could ask for. Sinbad made it big by starring in A Different World. Things did not go smoothly for him, however. He had to declare bankruptcy more than once thanks to his business expenses among other things. In 2013, he reportedly had a debt of $11 million that he could not pay off since he only made $16,000 per month.
Sinbad
Tionne ‘T-Boz’ Watkins
In the ‘90s, we got a lot of hits from TLC. We are referring to No Scrubs, Unpretty, Waterfalls, and more! Even though their albums and songs were successful, the members did not see a lot of financial success. This mostly has to do with management, but they were not super responsible with money either. T-Boz declared bankruptcy several times because she likes to buy lavish stuff. In 2011, for example, she had to file for bankruptcy because of her mortgage payments for a luxury house.
Tionne ‘T Boz’ Watkins
Gary Busey
There is no denying the fact that Gary Busey is a successful actor. Sadly, things have been rough for him since his 1988 motorcycle accident. Even though he continued to land jobs, his finances have not been the best. In 2012, he even applied for bankruptcy thanks to his half a million debt. It had to do with bills and unpaid taxes, which were not completely covered by the bankruptcy filing.
Gary Busey
MC Hammer
We are sure that you can’t help but move along whenever U Can’t Touch This comes on. Sadly, Mc Hammer has not been in the best position when it comes to money. After landing mainstream success, he blew a lot of his money on lavish things. At one point, he had $30 million to his name. This is no longer the case because of his luxurious lifestyle. There was a time when he had a debt of $13.7 million.
MC Hammer
Meat Loaf
Considering all of his financial struggles over the years, we bet Meat Loaf has gotten smarter with his money. At one point, things got so bad that he had $80 million in debt. Allegedly, it came from 45 lawsuits. He had to file for bankruptcy to stay afloat. The singer dealt with legal problems for years. It was a good thing that he made a comeback and eventually improved the state of his finances.
Meat Loaf
Michael Vick
This athlete took nearly a decade before he could find a way out of bankruptcy after his financial problems came to a boil in 2008. He served jail time for illegal dogfighting and owed $17.6 million. The NFL quarterback did not have the best time in the past few years. We are glad that he eventually got it together and stayed on a budget to pay off the debts. It was hard, but he ultimately managed.
Michael Vick
Katie Price
Another celebrity who is not doing too hot is Katie Price. The former model has been trying anything that can alleviate her monetary issues. She was nearing bankruptcy towards the end of 2009. Despite everything, she did not stop dressing luxuriously and continued living in a mansion. She did this even though she was supposed to pay back $15,1000 per month!
Katie Price
Leif Garrett
At a young age, Leif Garrett was killing it in the fields of acting and singing. Sadly, things started going downhill after his initial success. He was only 14 years old when he started using illegal substances. His addiction followed him for several decades. He was charged with possession of drugs multiple times and permanently injured a friend in a car accident. This led to financial difficulties, so he declared bankruptcy in 2001. He had been in debt of $76,000 at the time.
Leif Garrett
Dominique Moceneau
We hope that you never have to deal with financial hardships thanks to a lavish lifestyle. For Dominique Moceneau, her financial issues were brought about by her parents. The former Olympian even sued her folks for taking advantage of her wealth. The gymnast once had a net worth in the seven figures thanks to her sports career and book sales. Sadly, her parents drained her account and left her struggling.
Dominique Moceneau
Floyd Mayweather Jr.
How ironic is it that Floyd Mayweather Jr. goes by the moniker “Money”? It has more to do with his boxing record than his finances. For more than a decade, he had trouble paying his taxes. At one point, he owed the IRS $22.2 million. This is a lot to pay especially since he was already retired from his boxing career when it happened. We hope that his boxing promoter job can help him sort out this mess.
Floyd Mayweather Jr.
Dennis Rodman
We have another athlete whose lavish lifestyle caused his financial downfall. Even though Dennis Rodman was great on the court, he has been struggling when it comes to money. His lawyers said that he could not even pay for his living expenses at one point. On top of that, he was beyond on his child support payments and even owed his two children up to $800,000. Reports also claimed that he stole from a number of stores, but the basketball player said that there is no truth to the allegations.
Dennis Rodman
T-Pain
Another man who failed to provide for his children would be T-Pain. The rapper found himself in hot water because he could not even come up with the money to get his kids a Burger King meal. This is shocking since he was once worth $40 million. It all started to fall apart thanks to his luxurious lifestyle and bad financial decisions. We are sure that he is now much better at spending his money wisely.
T-Pain
Curt Schilling
The Red Sox has had many amazing players over the years, and Curt Schilling is one of them. He led the team to victory during the 2004 World Series and helped the team regain the title after 86 long years. Sadly, his decision to go into the video game industry was a bad one. The government granted him a loan of $75 million for the project, but the game ended up a failure and led to his financial demise.
Curt Schilling
La Toya Jackson
Over the years, the rumor mill has talked about the dreadful financial situation of La Toya. During the ‘90s, she allegedly went bankrupt thanks to the money she owed the Moulin Rouge club in Paris. There are also reports that her troubles were caused by an abusive ex who drained her money while they were together. At any rate, the sad state of her career did not make it easy for her to recoup her losses.
La Toya Jackson
Francis Ford Coppola
If it were not for Francis Ford Coppola, the world would not have The Godfather and Apocalypse Now. Despite the success of his films, the director has not been lucky when it comes to his money. In one decade, he filed for bankruptcy three different times. It had been difficult for him to make up for the losses. At one point, the filmmaker reportedly owed up to $98 million.
Francis Ford Coppola
Jodie Sweetin
Full House was a hit and made it look like Jodie Sweetin was in for a lot of money. Sadly, this did not come to fruition thanks to her substance abuse problems. Her troubles started when the show came to an end. At the time, she and her husband had a hard time making money. Their house was even foreclosed! The actress also tried to dodge $50,000 in taxes, but she has since paid it off.
Jodie Sweetin
Stephen Baldwin
The Baldwin brothers are famous across the globe, but Stephen has not been as successful as Alec. His finances have been messy as well. In the past decade, Stephen had to declare bankruptcy, serve a probation for tax offenses, and foreclose his home. It all started in 2009 after his failure to pay his taxes. It does not look like things have improved all that much for him since then.
Stephen Baldwin
Dionne Warwick
You must be crazy if you do not think that Dionne Warwick has contributed a lot to the music industry. There is a reason she got the Lifetime Achievement Award during the Grammys in 2019. Sadly, you can be an icon and still be a financial wreck. She has been dealing with money problems ever since the ‘90s. The musician owed millions of dollars in taxes, which kept growing thanks to interest and penalties.
Dionne Warwick
Tila Tequila
If you are familiar with the reality TV scene of the 2000s, you must know Tila Tequila. The A Shot at Love star earned a lot of money from the MTV show. However, she found herself in financial trouble after she continued to live a lavish lifestyle even after the series ended. In 2016, she took to Twitter to ask her fans to help her cover rent. She even posted a link to a GoFundMe page!
Tila Tequila
Tori Spelling
As the daughter of a successful producer, it is hard to believe that Tori Spelling would be on the list. The Beverly Hills, 90210 star is the child of Aaron Spelling. Sadly, she had a hard time looking for steady work once the teen drama ended. Even though she and her husband got a reality show called Tori & Dean, it was not enough for her to pay off her loans and legal fees.
Tori Spelling
Lil’ Kim
Who would have thought that Lil Kim had trouble paying taxes? The Queen of Rap of the ‘90s allegedly failed to pay taxes from 2010 onwards. At the moment, she reportedly owes the IRS $126,000 in taxes. This is already bad enough, but her former legal counsel also sued her because she supposedly did not pay them for five years. The firm won the lawsuit, which ordered the rapper to pay them $186,217.
Lil’ Kim
Todd Bridges
Thanks to Diff’rent Strokes, Todd Bridges used to be one of the most famous people on TV. He used to make anywhere from $15,000 to $30,000 a week for playing Willis Jackson. When the show ended, his illegal substance use got him into trouble multiple times. It was a good thing that he ended up overcoming his problems, but he failed to find steady acting jobs. In 2013, the actor even admitted that he was making a mere $22,500 a year through acting. This is a fraction of his old yearly salary!
Todd Bridges
Dustin Diamond
This TV star found mainstream success by bringing Screech to life on Saved by the Bell. Sadly, Dustin Diamond was typecast when the show wrapped up and found it hard to land more acting jobs. In 2001, he declared bankruptcy. Five years later, he was trying to sell T-shirts with his face on them in the hopes of raising $250,000 to avoid the foreclosure of his home.
Dustin Diamond
Willie Aames
The Eight is Enough star found it hard to keep his head above water in recent years. Sadly, the former teen star spent millions of dollars on a coal mine deal, which proved to be a bad decision. In the past, he made a yearly salary of $1.6 million. Sadly, he had to pay $400,000 to the IRS and lived on the streets for some time. In 2019, he held a garage sale after filing for bankruptcy.
Willie Aames
Nicole Eggert
Best known for starring in Baywatch, Nicole Eggert confessed that she had money issues in 2015. In fact, she declared bankruptcy twice and owed over $800,000 in mortgage payments. In the end, she had to sell her Los Angeles home for $1.15 million to pay the bills. It looks like things have gotten easier for her. Among other things, she launched a mobile ice cream truck business of her own.
Nicole Eggert
Brett Butler
Here is another tale of riches to rags. Once an A-list celebrity, Brett Butler of Grace Under Fire fame had to live in a shelter at one point. The TV star also had to deal with illegal substance abuse, which caused her career and bank accounts to dry up. It got so out of hand that she had nowhere to go. The good news is that she has been sober for a while now and has occasionally landed small roles.
Brett Butler
Fantasia Barrino
You might think that winning American Idol will give you instant fame, but this is not the case. Fantasia Barrino took home the crown in the 3rd season, but her success did not continue after the win. In fact, she ended up having a loan of $1 million to her name not long after that. In 2015, the singer allegedly owed the IRS more than $92,000. Right now, she still has to pay off around $47,000.
Fantasia Barrino
Randy Quaid
If you have ever watched the National Lampoon Vacation movies, you must know Randy Quaid. In the films, he played Cousin Eddie! Sadly, this talented actor has not been faring too well in terms of finances. He once ran away from the authorities when he tried to skip out on thousands of dollars in hotel bills. What makes things even worse is that he and his wife say that their financial problems have been caused by a secret cult called ‘Hollywood Star Whackers.’
Randy Quaid
Sly Stone
The Sly and the Family Stone frontman does not deserve all the blame for his financial difficulties. Even though his illegal substance use has contributed to it, much of his financial problems are due to the fact that he was not allowed to collect royalties for a long time. In 2011, Sly Stone said that he was staying in a camper. The judge eventually ruled that even though the royalties were taken in an unfair manner, he technically assigned the money to a production company that technically owned them. Ouch.
Sly Stone
DMX
One of the biggest rappers during the ‘90s and ‘00s would be DMX. The famous musician was enjoying a lot of success until debt put a stop to it. In 2015, he failed to pay child support worth $400,000 and served six months behind bars for it. In 2017, he was also arrested for a scheme to hide millions in income from the IRS. He owed back taxes of around $1.7 million and spent two more years in prison.
DMX
Danny Bonaduce
A lot of people on the list were former child actors who failed to keep their success going. Danny Bonaduce is no exception to the rule. He made a name for himself by starring in The Partridge Family. When the series ended, he had no house, was broke, and used illegal substances to cope. He struggled for years but eventually recovered. Even though he is no longer acting, he has been doing just fine by working as a radio disc jockey since 2011.
Danny Bonaduce