her assets just over $25,000 her
liability ten point seven million
dollars we think big Papa said it best
when he claimed Mo Money mo problems so
you get Co min dollars I can pay that
okay fines fees now you go to a half man
welcome to watchmojo.com and today we’re
counting down our picks for the top 10
celebrities who went broke work had
stopped for this list we’re taking a
look at famous folks who must have made
a fortune or at least a tidy sum with
their work but who somehow saw their
empires crumble let these financial
nightmares be a lesson to you kids
number 10 Wesley Snipes so why’d you get
locked away tax evasion
he brought the leather-clad vampire
hunter blade to life in the late 90s and
early 2000s sparking a successful
franchise
but Snipes may have been celebrating his
fame and fortune a little too much to
realize that he owed the pesky IRS some
tax money actor Wesley Snipes was in
court Monday where prosecutors painted
him as a Hollywood superstar who
believed he didn’t have to pay any
federal income taxes in 2006 he and a
couple of his financial advisers were
charged with several tax related
offences including conspiracy to defraud
the US two years later he was ultimately
convicted for failing to file tax
returns and sentenced to three years in
prison the judge though said Snipes
showed a history of contempt for tax
laws and granted prosecutors the maximum
three-year sentence they had requested
today Snipes is out and getting back on
track after his time in the slammer
loosened a lot of is I did a lot of
mother gotta show so many doing more
stuff on the business side big things
are coming number nine Kim Basinger
thank you delicious this blonde beauty
is known for many things not the least
of which are her gorgeous looks and
rocky marriage to Alec Baldwin you
really are a tramp you know that but you
love the Tramp indeed Charlie then you
kiss it goodbye when you made me raise
my pinkie holding a teacup you won’t
make me a shame to myself what’s not as
famous is the strange financial decision
she made in the late 80s on the advice
of her family she dropped 20 million
dollars to buy the town of Brazelton
Georgia
ostensibly to transform it into a
tourist hub and establish a film
festival wow this makes me smile too
however when she backed out of a movie
deal in 1993 she was ordered to pay the
studio eight million dollars for breach
of contract which forced her to sell off
the town and file for bankruptcy
number eight allen iverson I know I
supposed to lead by example I know that
and I’m not I’m not shoving it aside you
know like it don’t mean anything you
gotta wonder why so many athletes
continue to make poor financial
decisions when they have so many horror
stories to learn from stories like
Iverson’s
once one of the NBA’s highest-paid
players Iverson was a bad boy on and off
the court and within a few years of
leaving the league in 2010 he was
apparently broke I’ll be lying if I say
that it didn’t bother me
allegedly squandering his dough on
expensive jewelry and other frivolous
investments Iverson took a job in a
European basketball league to make ends
meet what are we talking about lucky for
him Reebok put aside 30 million dollars
of his money in a trust fund for a rainy
day
problem is he’s gotta wait till the year
2030 to touch it
number seven Gary Coleman when you fall
from grace your humanity Falls harder
than anything else aside from his
well-known role in Diff’rent Strokes
domo who’s this actor was also famous
for being broke and perpetually hapless
unlike almost everyone on this list
Coleman’s financial burdens were not due
to his own mindless spending after suing
his parents and financial advisor for
misappropriation of his funds Coleman
lost the rest of his fortune to
expensive medical bills stemming from
the chronic kidney disease that gave him
his childlike look no one would lend me
any money but if it Mac Reza it despite
his success in the lawsuit
Coleman filed for bankruptcy protection
in 1999 and spent the rest of his life
running strange fundraisers to pay for
his medical bills she’s pushing my
buttons and I don’t like her now and the
next thing I know Justin is leave so all
you number 6 Jordan Belfort is that an
attempt to hide your income next
question this guy’s rap sheet makes the
self-proclaimed wolf of Wall Street seem
like the lovechild of capitalism and the
devil himself I want you to deal with
your problems by becoming rich after
making his millions in the 90s
defrauding every investor he could con
with his investment company Stratton
Oakmont how do you feel about these
people it gets awful losing a lot of
money some cases having their lives
completely turned upside down I think
it’s terrible and racking up a pretty
serious drug problem in the process
Belfort illegal dealings finally caught
up with him fines and settlements piled
up his company was liquidated and
Belfort himself was eventually sentenced
to four years in prison but the worst
part the 110 million dollars in
restitution he was ordered to pay he’s
been living his life differently since
then and paying the price for that
number five Janice Dickinson I feel like
I’m living at a nightmare at one time
making $2,000 a day
as the self-proclaimed first supermodel
the outspoken Dickinson has attached her
name to several reality TV projects with
varying rates of success they’re all fat
the entire groom is fat on fat you’re
all set despite the fact that she seems
to constantly be working Dickinson
reportedly filed for bankruptcy in 2013
over 1 million dollars in debt including
8 thousand dollars to her cosmetic
surgeons take a look at her face so we
know where that money went
reports also claimed that a chunk of
that money was owed to a plastic surgeon
and an anti-aging clinic
unfortunately Dickinson’s pursuit of
eternal youth and apparently poor
financial planning were a bad
combination I’m gonna get through this
this is not the end of the world I am an
American you know I was born to work
number 4 Mike Tyson the youngest man
title he is looking to exact his revenge
it’s easy to imagine how earning 30
million dollars for a single fight could
skew your appreciation for and
understanding of financial planning that
possibly compounded by one too many hits
to the head a nasty divorce and various
addictions all contributed to iron
Mike’s financial ruin and in 2003 he
finally filed for bankruptcy well I was
living a life of luxury in prison – yes
not the same as I was I’ll find and have
any cars and stuff although he earned
around 300 million dollars over his
career
Tyson ended up in trouble not only with
the IRS but also in heavy debt after he
famously squandered his earnings on
extravagant purchases like homes cars
parties and yes tigers mr. Tyson would
like to know why this tiger in your
bathroom number 3 Nicolas Cage necessity
is the mother of invention I’ve had to
work for other reasons that are you know
also financial ever wonder why this
oscar-winning actor and apparently one
of the highest-paid dudes in Hollywood
would take so many roles that he must
think are unworthy of his time Oh
the Bears after buying and selling real
estate like it was going out of style
making bizarre purchases like castles
islands and dinosaur skulls and ending
up 14 million dollars in debt to the IRS
a situation he largely blamed on his
former business manager whom he sued for
his troubles Kage seemingly did
everything he could to recoup his losses
and repay his tax liens including
auctioning off some of his homes and his
copy of Action Comics 1 why have you
done this to me
number 2 Toni Braxton
despite hits like unbreak my heart and a
staggering 170 million dollars in record
sales
Braxton filed for bankruptcy not once
but twice allegedly earning less than
two thousand dollars in royalties from
her first contract after repaying her
advances Braxton also had a rep as a
Shopaholic which led to bankruptcy
number one kind of lost it a little bit
on the house where plates and Faberge
and welcome rose it was not very rock
and roll same old boring rock star over
a decade later after self-funding a Las
Vegas review show for an attempted
comeback she was diagnosed with angina
and lupus and doctors told her she
couldn’t perform which caused bankruptcy
number two
walk dolphin go but luck finally seems
to be on her side with new found success
in profitable private performances and
on the reality show Braxton Family
Values I’m also looking for some new
background singers so that’s my sister’s
to help me through this we’ll see what
they say they’re probably a little
jealous and upset but overall they’ll
help me to it other background singers
that’s a boat before we unveil our final
pic here are a few honorable mentions
she owes three hundred seventy thousand
dollars and she has to fork it over ASAP
aha nobody mentioned money doesn’t
matter cuz he doesn’t matter
isn’t that the business were in long
time hope sound resident and Emmy
award-winning actor Burt Reynolds is
facing a foreclosure lawsuit
actor Stephen Baldwin was arrested this
week in New York the district attorney
says he owes more than $350,000 for not
paying his state taxes for three years
do you harbor any animosity towards the
Internal Revenue Service no no we were
partners in the whole thing no I hope
not at all
number one MC Hammer money doesn’t make
you happy yours it will be what you do
with the money possibly the most famous
riches-to-rags story is that of Stanley
Burrell whose alter-ego produced one of
the most famous one-hit wonders ever
break it down
once the biggest thing to hit the record
industry hammers album sales declined
sharply in the early 90s and various
lawsuits popped up accusing him of
copyright infringement although hammer
claims the media has exaggerated his
situation the grammy-winning artist did
file for bankruptcy in 1996 after
accumulating a whopping 13 million
dollars of debt
MC Hammer says the IRS is shamefully out
to get him relatedly demanding penalties
on taxes that he paid fully 7 years ago
due mainly to ridiculous spending habits
and questionable business decisions I
can get cash but it’s going with y’all
you know me wearing a coma down but one
thing’s for sure hammer was too legit to
quit I’m going all that chicken that’s
because I’m too legit to pussy
do you agree with our list which
celebrity do you think had the worst
spending habits wasn’t earth have I done
with my life how did I get it so wrong
for more entertaining top 10s published
every day be sure to subscribe to
watchmojo.com
liability ten point seven million
dollars we think big Papa said it best
when he claimed Mo Money mo problems so
you get Co min dollars I can pay that
okay fines fees now you go to a half man
welcome to watchmojo.com and today we’re
counting down our picks for the top 10
celebrities who went broke work had
stopped for this list we’re taking a
look at famous folks who must have made
a fortune or at least a tidy sum with
their work but who somehow saw their
empires crumble let these financial
nightmares be a lesson to you kids
number 10 Wesley Snipes so why’d you get
locked away tax evasion
he brought the leather-clad vampire
hunter blade to life in the late 90s and
early 2000s sparking a successful
franchise
but Snipes may have been celebrating his
fame and fortune a little too much to
realize that he owed the pesky IRS some
tax money actor Wesley Snipes was in
court Monday where prosecutors painted
him as a Hollywood superstar who
believed he didn’t have to pay any
federal income taxes in 2006 he and a
couple of his financial advisers were
charged with several tax related
offences including conspiracy to defraud
the US two years later he was ultimately
convicted for failing to file tax
returns and sentenced to three years in
prison the judge though said Snipes
showed a history of contempt for tax
laws and granted prosecutors the maximum
three-year sentence they had requested
today Snipes is out and getting back on
track after his time in the slammer
loosened a lot of is I did a lot of
mother gotta show so many doing more
stuff on the business side big things
are coming number nine Kim Basinger
thank you delicious this blonde beauty
is known for many things not the least
of which are her gorgeous looks and
rocky marriage to Alec Baldwin you
really are a tramp you know that but you
love the Tramp indeed Charlie then you
kiss it goodbye when you made me raise
my pinkie holding a teacup you won’t
make me a shame to myself what’s not as
famous is the strange financial decision
she made in the late 80s on the advice
of her family she dropped 20 million
dollars to buy the town of Brazelton
Georgia
ostensibly to transform it into a
tourist hub and establish a film
festival wow this makes me smile too
however when she backed out of a movie
deal in 1993 she was ordered to pay the
studio eight million dollars for breach
of contract which forced her to sell off
the town and file for bankruptcy
number eight allen iverson I know I
supposed to lead by example I know that
and I’m not I’m not shoving it aside you
know like it don’t mean anything you
gotta wonder why so many athletes
continue to make poor financial
decisions when they have so many horror
stories to learn from stories like
Iverson’s
once one of the NBA’s highest-paid
players Iverson was a bad boy on and off
the court and within a few years of
leaving the league in 2010 he was
apparently broke I’ll be lying if I say
that it didn’t bother me
allegedly squandering his dough on
expensive jewelry and other frivolous
investments Iverson took a job in a
European basketball league to make ends
meet what are we talking about lucky for
him Reebok put aside 30 million dollars
of his money in a trust fund for a rainy
day
problem is he’s gotta wait till the year
2030 to touch it
number seven Gary Coleman when you fall
from grace your humanity Falls harder
than anything else aside from his
well-known role in Diff’rent Strokes
domo who’s this actor was also famous
for being broke and perpetually hapless
unlike almost everyone on this list
Coleman’s financial burdens were not due
to his own mindless spending after suing
his parents and financial advisor for
misappropriation of his funds Coleman
lost the rest of his fortune to
expensive medical bills stemming from
the chronic kidney disease that gave him
his childlike look no one would lend me
any money but if it Mac Reza it despite
his success in the lawsuit
Coleman filed for bankruptcy protection
in 1999 and spent the rest of his life
running strange fundraisers to pay for
his medical bills she’s pushing my
buttons and I don’t like her now and the
next thing I know Justin is leave so all
you number 6 Jordan Belfort is that an
attempt to hide your income next
question this guy’s rap sheet makes the
self-proclaimed wolf of Wall Street seem
like the lovechild of capitalism and the
devil himself I want you to deal with
your problems by becoming rich after
making his millions in the 90s
defrauding every investor he could con
with his investment company Stratton
Oakmont how do you feel about these
people it gets awful losing a lot of
money some cases having their lives
completely turned upside down I think
it’s terrible and racking up a pretty
serious drug problem in the process
Belfort illegal dealings finally caught
up with him fines and settlements piled
up his company was liquidated and
Belfort himself was eventually sentenced
to four years in prison but the worst
part the 110 million dollars in
restitution he was ordered to pay he’s
been living his life differently since
then and paying the price for that
number five Janice Dickinson I feel like
I’m living at a nightmare at one time
making $2,000 a day
as the self-proclaimed first supermodel
the outspoken Dickinson has attached her
name to several reality TV projects with
varying rates of success they’re all fat
the entire groom is fat on fat you’re
all set despite the fact that she seems
to constantly be working Dickinson
reportedly filed for bankruptcy in 2013
over 1 million dollars in debt including
8 thousand dollars to her cosmetic
surgeons take a look at her face so we
know where that money went
reports also claimed that a chunk of
that money was owed to a plastic surgeon
and an anti-aging clinic
unfortunately Dickinson’s pursuit of
eternal youth and apparently poor
financial planning were a bad
combination I’m gonna get through this
this is not the end of the world I am an
American you know I was born to work
number 4 Mike Tyson the youngest man
title he is looking to exact his revenge
it’s easy to imagine how earning 30
million dollars for a single fight could
skew your appreciation for and
understanding of financial planning that
possibly compounded by one too many hits
to the head a nasty divorce and various
addictions all contributed to iron
Mike’s financial ruin and in 2003 he
finally filed for bankruptcy well I was
living a life of luxury in prison – yes
not the same as I was I’ll find and have
any cars and stuff although he earned
around 300 million dollars over his
career
Tyson ended up in trouble not only with
the IRS but also in heavy debt after he
famously squandered his earnings on
extravagant purchases like homes cars
parties and yes tigers mr. Tyson would
like to know why this tiger in your
bathroom number 3 Nicolas Cage necessity
is the mother of invention I’ve had to
work for other reasons that are you know
also financial ever wonder why this
oscar-winning actor and apparently one
of the highest-paid dudes in Hollywood
would take so many roles that he must
think are unworthy of his time Oh
the Bears after buying and selling real
estate like it was going out of style
making bizarre purchases like castles
islands and dinosaur skulls and ending
up 14 million dollars in debt to the IRS
a situation he largely blamed on his
former business manager whom he sued for
his troubles Kage seemingly did
everything he could to recoup his losses
and repay his tax liens including
auctioning off some of his homes and his
copy of Action Comics 1 why have you
done this to me
number 2 Toni Braxton
despite hits like unbreak my heart and a
staggering 170 million dollars in record
sales
Braxton filed for bankruptcy not once
but twice allegedly earning less than
two thousand dollars in royalties from
her first contract after repaying her
advances Braxton also had a rep as a
Shopaholic which led to bankruptcy
number one kind of lost it a little bit
on the house where plates and Faberge
and welcome rose it was not very rock
and roll same old boring rock star over
a decade later after self-funding a Las
Vegas review show for an attempted
comeback she was diagnosed with angina
and lupus and doctors told her she
couldn’t perform which caused bankruptcy
number two
walk dolphin go but luck finally seems
to be on her side with new found success
in profitable private performances and
on the reality show Braxton Family
Values I’m also looking for some new
background singers so that’s my sister’s
to help me through this we’ll see what
they say they’re probably a little
jealous and upset but overall they’ll
help me to it other background singers
that’s a boat before we unveil our final
pic here are a few honorable mentions
she owes three hundred seventy thousand
dollars and she has to fork it over ASAP
aha nobody mentioned money doesn’t
matter cuz he doesn’t matter
isn’t that the business were in long
time hope sound resident and Emmy
award-winning actor Burt Reynolds is
facing a foreclosure lawsuit
actor Stephen Baldwin was arrested this
week in New York the district attorney
says he owes more than $350,000 for not
paying his state taxes for three years
do you harbor any animosity towards the
Internal Revenue Service no no we were
partners in the whole thing no I hope
not at all
number one MC Hammer money doesn’t make
you happy yours it will be what you do
with the money possibly the most famous
riches-to-rags story is that of Stanley
Burrell whose alter-ego produced one of
the most famous one-hit wonders ever
break it down
once the biggest thing to hit the record
industry hammers album sales declined
sharply in the early 90s and various
lawsuits popped up accusing him of
copyright infringement although hammer
claims the media has exaggerated his
situation the grammy-winning artist did
file for bankruptcy in 1996 after
accumulating a whopping 13 million
dollars of debt
MC Hammer says the IRS is shamefully out
to get him relatedly demanding penalties
on taxes that he paid fully 7 years ago
due mainly to ridiculous spending habits
and questionable business decisions I
can get cash but it’s going with y’all
you know me wearing a coma down but one
thing’s for sure hammer was too legit to
quit I’m going all that chicken that’s
because I’m too legit to pussy
do you agree with our list which
celebrity do you think had the worst
spending habits wasn’t earth have I done
with my life how did I get it so wrong
for more entertaining top 10s published
every day be sure to subscribe to
watchmojo.com
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