Earning money by cashing your talent and enjoying a luxury life is surely a blessing, but like all other things in the world, money too is a temporary commodity which can be lost overnight without even a valid reason. Being the richest one day and becoming bankrupt the very next day is really a little too painful to be expressed in words. We have been sharing many rich lists with our readers but here are 10 richest celebrities who are no more wealthy and the world now recognizes them this way.
Have a look!
1)Kelly Rutherford
Well known for her role in Stephanie “SAM”, The Gossip Girl actress, who also appeared in Melrose Place and Generations, filed for divorce in 2008 due to the illegal activities of her husband. The following years after the filing of case the court ruled that the kids should live with their father in France as he could not enter the U.S.. This year in June, she filed for bankruptcy because of debt of $2 million due to custody dispute.
2)Shane Filan
The lead singer of Irish boy and West-life was disbanded in 2011. His first album earned him twenty eight platinum discs and sold 40 million records worldwide. He decided to release his solo album and by then he decided to earn via his investments in property in his local town but unfortunately the property market collapsed and he went from having 8 million pounds to 470 million pounds in his account.
3)Dionne Warwick
One of the most popular singers of the 1960s and 1970s, the Grammy Award winning star who has sold over 100 million records was filed in her bankruptcy. She used to have a monthly income of $20,950 and have an average expense of $22,940 and so now she owns seven-figure sum to the US tax-man and to the state of California for property and personal taxes.
4)Sinbad
The famous host of the Sindbad Show and a celebrity who is famously known as Sindbad is originally known as David Adkins, who is totally not at all funny in his original life. He filed for bankruptcy again with a total of $11 million in debt, more than 75 percent of which is to the IRS.
5)Janice Dickinson
The first supermodel in the world or at least that’s the way she say about herself an even hosted her own reality model show, The Janice Dickinson Modeling Agency. She was also the judge of four seasons of the reality fashion competition, America’s Next Top Model. Her efforts to look beautiful forever cost her everything. She racked up debts to her plastic surgeons and dermatologists and filed for bankruptcy in 2013 in the end.
6)Jose Canseco
Canseco and McGwire were the lethal combinations once known for their fearsome bat and performance in the game but they badly screwed their image because of the steroid scandal. This year he filed bankruptcy for more than $1.7 million of which $500,000 was owed to the IRS.
7)Joe Swash
Everyone has to pay a tax and Joe knows well he is no exception. The English man who thought himself almost dead in 2005 due to meningitis was the winner of the TV reality Show I’m a Celebrity Get Me Out of Here! It’s the second time in four years that he has declared bankrupt even after filing to pay more than $20,000 tax bill. He failed to pay tax bill of more than $50,000 this time.
8)Antony Costa
This popular face from a popular band, Blue, has gained popularity in UK, Portugal, Belgium, France, Ireland, New Zealand and Australia. Most of their songs enjoyed the top spot on Billboard. Costa kept rising till he became the part of I’m a Celebrity… Get Me Out of Here! The man who used to make thousands per day is living with $71 per week.
9)Pamela Anderson
The dream women of a lot of schoolboys, who instantly got popular with her barely covering skimpy outfits were last year found selling her house to pay her contractors who are building her home in California and to pay her remaining debt.
10)Kerry Katona
One of the faces from Atomic Kitten and a well known celebrity walking from England is also a model who accumulated her wealth through Endorsements. Though she won the third I’m a Celebrity… Get me out of Here! And 2011 Celebrity Big Brother she filed for bankruptcy due to approx. $86,000 unpaid tax bill. The status usually lasts for a year but her status extended up to three years. And now she is declared bankrupt for the second time in five years and dropped as her face of payday Lender Cash Lady, even her advertisement featuring her was banned by the industry watchdog.
All for now,
Best wishes