10 Famous Stars Who Went Broke

When people think of celebrities, the first thing that may come to their mind is rich, lavish lifestyles. While in most cases this is definitely true, living the life of luxury often comes with a hefty price. The particular lifestyle of famous stars can sometimes be too much to handle for someone that is able to obtain a lot of money in a small amount of time. Many of these celebrities often go broke due to overspending, losing their jobs or by dealing with bad contracts. Let’s take a look at some famous stars that have gone broke.

M.C. Hammer

At one point in his career, M.C. Hammer was at the top of the rap game. The rapper made millions of dollars during his prime, and eventually mismanaged his funds. This lead to M.C. Hammer being broke and he ultimately had to file for bankruptcy.

Marvin Gaye

Marvin Gaye was one of the biggest music acts of his time. The soulful singer spawned over 70 hits on the Top 40 charts, and became a successful millionaire. He of course, didn’t know how to manage his money. Due to overspending and living a lavish lifestyle, he went broke and was forced to move back home with his parents.