You would think it’s impossible for the rich & famous to blow their wealth but it’s actually quite easy, especially if you have millions in disposable income like star athletes/platinum-selling artists. For many, “world-famous celebrity files for bankruptcy” doesn’t compute but it’s more common in 2013 than ever before.
Here are ten money-blowing celebs who probably have bad credit. Take a look.
The beloved NBA icon admitted that he can’t even afford a McDouble after earning over $200 million during his career and blowing it all on extravagant mansions, luxury cars, icy jewelry and gambling debt.
She signed one of the worst record deals in music history and made pennies off multi-platinum albums. After two bankruptcies and endless money struggles, she’s just now getting back on her feet.
The superstar NFL baller lost everything after the infamous dog-fighting scandal and filed for bankruptcy while locked up. He eventually bounced back with a new $100 million deal with most of his salary going directly to creditors.
He money danced in lavish videos and splashed champagne on exotic models as co-founder of Roc-A-Fella records before his millions shriveled into thousands then hundreds then $0. Damn shame how he blew MILLIONS on doomed business ventures and never learned from his mistakes.
The iconic rapper-turned-fertile druggy admitted that he’s broke and owes over $1 million in child support for at least 10 kids (that he knows of).
Seems impossible to blow $26 million in 700 days, but the unemployed QB did so with ease. $5,000 A WEEK at Cheesecake Factory? Only Vince Young.
The legendary mush-mouthed boxer earned over $100 million in his prime and blew it on ignant extravagance, a castle-like mansion and wild tigers. Once feared by everyone, he became a pathetic parody of himself who owed creditors over $27 million.
The deeply-emotional cry baby trusted all the wrong people with his finances and made terrible business decisions leaving him millions in debt and thousands behind in child support.
The squirrel fur wigged mogul went bankrupt twice in five years yet somehow still secures loans for swanky properties and other ventures with notoriously bad credit.
The disgraced track star won five Olympic medals in 2000, earned $80,000/race and splurged on mansions, luxury cars and attorneys for her doping trial. Soon after being stripped of her medals, banned from track & field and sentenced to 6-months in prison, she filed for bankruptcy.