Being famous often comes with being rich if you are thoughtful and cautious about spending your money. However, most celebrities get carried away with the lavish lifestyles and find their bank accounts empty and their lives in chaos. Which celebrities are in debt? This article contains the top broke celebrities who went bust as well as those in debt, and who knows, their story might end up teaching you to make better financial decisions in the future.

 

 

 

 

 

 

 
Wesley Snipes

$8 million mansion (among other lavish purchases).

Wesley Snipes was one of the most famous tax evaders in recent history. Part of his trouble came from adopting a questionable anti-tax advocate’s counsel. He bought a $8 million property in Alpine, New Jersey, a sanctuary for rappers and athletes. He’s back with “Dolemite Is My Name,” “Cut Throat City,” and “Coming 2 America.”

Allen Iverson

Jewellery. Allen Iverson earned $200 million in his career, including endorsements. 2012 found him broke. He had mansions, automobiles, and jewelry. When he went bankrupt, he owing $859,000.

Nicolas Cage

Spent it on Pygmy heads, a dinosaur skull, and an island.

Nicolas Cage has never been short on work — he hosted “The History of Swear Words” on Netflix last year — but he faced financial ruin after spending $150 million on a $150,000 pet octopus, 15 homes (including two castles in Europe), his own island in the Bahamas, shrunken pygmy heads, and a stolen dinosaur skull.

Teko Modise

The talented footballer declared bankruptcy in 2014. He could not pay his loans or pay for his cars. Many fans commented that it was his faulty for trying to live a flashy life that he could not afford.

Lundi Tyamara

Lundi died in January of this year. He was both broke and homeless at the time of his death. Lundi, who sold millions of albums and earned millions of rands in gigs and royalties, was evicted by the owner of the townhouse he was renting in Mondeor, Johannesburg’s south. Lundi sent a WhatsApp message to a female friend after he was kicked out, pleading with her to lend him R950 to pay a storage fee for his furniture at an unidentified storage facility.

Brenda Fassie

Who doesn’t know of the Afropop singer who was called the Queen of African Pop? When Brenda Fassie died in 2004 her son was said to have inherited a large sum of money but to everyone’s surprise, he was struggling. Being a drug addict, it can only make sense that she was broke at the time of her death. After a very long legal battle, her family paid out the money she earned in her career.