8 Celebrities That Went From Riches to Rags

We’ve all heard of the stories of regular people making fortunes for themselves. And while that’s fun to look at, there’s also the exact opposite: celebrities that through some reason lost their fortune and went back to regular mortal status. There can be a myriad of reasons for this, and most of them have a juicy story tied to it. Let’s be honest, you don’t lose millions of dollars because your car broke down at an inconvenient time.

Let’s take a look at who lost their money and why.

Burt Reynolds

One of the most recognizable stars of this generation, Burt found himself in financial dire straits after divorcing from his wife, Loni Anderson. Not even 10 years ago, Burt’s Florida home was almost foreclosed because he hadn’t paid the mortgage in over a year.

Kim Basinger

The actress backed out of the film Boxing Helena, so Main Line Pictures sued her for $8,1 million. This pretty much forced Kim to file for bankruptcy. She had also invested $20 million in the town of Braselton, but she had to sell out of that one.

Marvin Gaye

You’d think one of the biggest soul singers in the world would never be short on cash, but Marvin had to file for bankruptcy after he divorced Anna Gordy. In fact, instead of paying her regular alimony, it was agreed that Gaye would make an album and give all the royalties for that to Gordy.