10 Celebrities that went from Riches to Rags

Bankruptcy Celebrities are one of the most followed celebrities on all the social media platforms. They spend their lives in luxury and extravagance keeping in mind their fame and fans. However, some of them somehow do not manage to keep up their wealth and tend to lose all what they have earned. Such celebrities turn from riches to rags within no time. They go bankrupt when they become unable to pay all the debts.

Check out celebrities who turned from riches to rags!

1) Kelly Rutherford

Debt: $2 million

Kelly Rutherford from Riches to Rags

Kelly Rutherford is an actress who once ruled the film industry and has now turned from riches to rags. She is best known for her roles in Gossip Girl, Generations and Melrose Place. The reason behind her downfall and poverty is her divorce from her German husband which caused her debt of $2 million.

2) Shane Filan

Debt: $30.6 million

Shane Filan

Shane Filan is a great Irish singer and songwriter. He started off as a part of the band Westlife but soon they decided to disband in 2011. After giving up on band, he invested in some property which went in crisis and he came under $30.6 million debt. However, he is still trying to make some room by being solo but his debt is quite huge.

3) Dionne Warwick

Debt: $10.7 million

Dionne Warwick

Dionne Warwick is known to have given the most number of songs that became a part of pop singles chart. She is a hit maker and has given almost 56 hit singles. The reason for her bankruptcy is her huge spending. She does not know a proper way to using money and frugality which caused her a debt of $10.7 million.

4) Sinbad

Debt: $11 million

Sinbad

Sindbad is another famous actor who turned from riches to rags. He is an actor and a celebrity who is very well known for his roles in The Sindbad Show, Necessary Roughness, Houseguest and Jingle All The Way. He has been bankrupted twice with a total debt of $11 million.

5) Janice Dickinson

Janice Dickinson

Janice Dickinson is known to be a first supermodel in the world who managed to stay in the limelight in the 70s and 80s. She is quite famous for being a judge in American’s Next Top Model. She even hosted her reality show called The Janice Dickinson Modeling Agency. Her craze for beauty and plastic surgeries caused her serious debts.

6) Jose Canseco

Debt: $1.7 million

Jose Canseco

Jose Canseco was an exclusive baseball player who was very famous for his fearsome bat who lost his fame due to a steroid scandal. He declared bankruptcy in July 2013 due to debt of $1.7 million.

7) Joe Swash

Debt: $79,000

Joe Swash

Joe Swash is an actor and a presenter from England. He is famous for being a winner on a reality show “I’m a Celebrity…Get Me Out of Here!” Soon after that he was declared bankrupt when he was unable to pay the bills and taxes.

8) Antony Costa

Antony Costa

Antony Costa is a famous singer and songwriter. He is a part of Blue which has received fame across several countries such as UK, Ireland, Portugal, Italy, France, Belgium, Australia and New Zealand. Blue has given many hit singles. He became homeless and had to live off $71 per week.

9) Pamela Anderson

Pamela Anderson

Pamela Anderson was at one time one of the most famous and highly paid actresses. Her role in Baywatch made very popular. She faced financial troubles recently and had to sell her house to pay the debts which took her away from riches to rags.

10) Kerry Katona

Kerry Katona

Kerry Katona is a singer and media personnel from England. She specializes in entertainment and reality shows. She is also a commercial model and a member of Atomic Kitten. Despite of being bankrupt in 2008, she still missed the track and is now back to bankruptcy.

The celebrities sometimes face hardships and turn from riches to rags all because of certain moves and their luck. All for now!

Stay Blessed!

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About Yusra Adil

Yusra Adil is a Front-end Web Developer and a tech savvy computer Engineer. She loves playing with gadgets and all things Techy. She loves sharing practical ways to make a lucrative income Online.

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