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Stars Who Filed for Bankruptcy

Celebrities often have the best savings accounts there is. After all, they earn hundreds of thousands, maybe even millions, of dollars whenever they make movies or get endorsement deals and the like. It’s always a surprise, therefore, to hear of a popular star or artist go through bankruptcy. After all, how is it possible to spend all that money in their bank accounts? It does happen, however, and more often than you might think. This could be because of overspending on cars and diamonds, and maybe even snapping going crazy over homes for sale. For some, it may even have something to do with bad life decisions like substance abuse. Here are some very interesting ways in which big stars depleted their net worth.

Larry King

Veteran TV personality and host Larry King has been at the top of his game for many decades now, both in terms of prestige and net worth. It’s a surprise, therefore, that he actually hit a rough patch in 1978 when he had to hire a bankruptcy attorney to get him out of a financial bind. Thankfully, he was offered his own show, Larry King Live, shortly after, which was the debt relief he needed at that time.

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