Biggie Smalls once stated, “Mo’ cash, mo’ problems,” yet for these famous people, it appears that less cash caused more issues. The vast majority of these celebrities lost all their cash since they bungled their assets. Be that as it may, some even served jailed time for tax avoidance.
Without further ado, let’s take a look at a portion of the famous people that went Bankrupt.
5. Paul Merson
The former Arsenal player won the Premier League and the FA Cup with the Gunners. Be that as it may, Merson nearly wound up destitute without a penny on him.
The ex-Arsenal man had terrible issues with alcohol and drugs. Merson apparently burned through over £3 million on his addictions. Not just that, Merson had an awful separation with his wife and needed to sell his home to clear his debts.
Be that as it may, Merson appears to have cleaned and cleared his debts. He is currently showing up as a pundit for Sky Sports.
4. Johnny Depp
As indicated by Rolling Stone, practically the majority of Depp’s whole $650 million fortune is gone. Depp was a few months ago sued by two of his previous guardians. The 54-year-old on-screen character confronted lawful activity from security experts Eugene Arreola and Miguel Sanchez, who sued for a scope of reasons, including unpaid wages and wrongful termination.
The Hollywood on-screen character is on the very edge of bankruptcy for a basic reason: He continued spending more than he was taking in.
“Depp, and Depp alone is fully responsible for any financial turmoil he finds himself in today,” his previous directors affirmed. “He has declined to live inside his methods, in spite of rehashed alerts about his money related condition.”
3. Ja Rule
— MF (@mfsemuju) October 1, 2015
Rap culture has dependably been fixated on the crown jewels of victory. Ja Rule ruled the airwaves in the late ’90s and mid ’00s. From hit songs like “Holla Holla” to smooth R&B collaborations with Ashanti, Jennifer Lopez, and Christina Milian, R.U.L.E. furthermore, his tunes were all over the place.
But after his rule at the highest point of the outlines reached an end, his record name, Murder Inc., came tumbling down as well; and he occupied with (and lost) a very much promoted struggle with up-and-comer 50 Cent.
In 2011, Ja Rule allegedly owed $1.1 million to the IRS. Things hit an obstacle when he went to prison, and he never figured out how to resuscitate his career ever since.
2. Paul Gascoigne
Seemingly one of the best talents to have at any point left the British Isles, Paul Gascoigne was a special footballer. With bundles of natural skill and oozing silky moves.
A joker at heart, Gazza was the gem in numerous of football fan’s eyes. Be that as it may, it was off the field where he experienced in excess of a couple of issues. Battles with liquor, chronic drug use, and sorrow have seen him owe the tax man more than $400,000.
1. Allen Iverson
The former NBA scoring champ, and league MVP, Allen Iverson dependably had a style for the emotional. LeBron James considered him the best pound for pound player to ever play, however he had his off court issues.
A man who earned well over $150 million in his life was diminished to remaining in a court amid 2012 divorce procedures and pulling out his pockets, shouting that he didn’t have enough cash for a cheeseburger.
Iverson’s descent came just about every way imaginable, with a 50-man company, an extreme betting habit, lawful charges, liquor inconveniences and a thirst for excitement depleted his $150 million in profit.
In January 2013, Iverson received an offer to play for the Texas Legends of the NBA D-League, but he declined. On October 30, 2013, Iverson announced his retirement from basketball, citing he’d lost his desire to play. At the 76ers 2013–14 season home opener that night, he received a standing ovation at the beginning of the second quarter.
The retirement ceremony was attended by former Georgetown coach John Thompson and Sixers great Julius Erving. Iverson said he would always be a Sixer “until I die,” and that while he always thought the day he retired would be a “tough” day, he instead stated it was rather a “happy” day.