With the gleam and glamour embedded in the lives of our celebrities, it's easy to say that they could not ask for more. They almost have everything that going broke is the last thing they could think about.
Celebrities, indeed, enjoy a lavish amount of income from stardom, if not for a long time, at least for quite a while. Sadly, some of them were not able to sustain their wealth as much as their popularity.
Realty Today has featured Highest-Earning Celebrities who can really brag about their wealthy lifestyle. On the other hand, My First Class Life features top picks of then wealthy Hollywood stars who turned from riches to rags, affirming the very thought that no one can really have the best of both worlds, not even celebrities.
Pamela Anderson
She is fondly remembered for her role in the hit TV program "Baywatch" as well as the ex-wife of both rockers Kid Rock and Tommy Lee. Actress Anderson, spent over a million dollar to spruce up her house but was then questioned by the Internal Revenue Service why she has stopped paying her taxes when it's clear that she has money. The actress has to declare bankruptcy and sell her newly remodeled house in order to pay her taxes.
Toni Braxton
Who would have not sang to her beautiful and heart-warming rendition of the song "Unbreak my Heart" during the '90s? The only thing that keeps Braxton from sustaining her wealth is that she did not have another succeeding hit after that, which led her to overspending. She then declared bankruptcy in 2010.
Sinbad
He rose to fame in the '90s for his appearance in terrible yet memorable films such as "Jingle All the Way" and "First Kid." Sinbad reveals that despite the fact that he never went into overspending, he had to file for bankruptcy two times. The second time, it was reported that he owed IRS an astonishing $8 million.
Gary Busey
His star shines the brightest when he entertains the world through his Amazon commercials after he tries to plug a seashell in a TV and maniacally laughs. In 1988, the actor met a serious car accident leaving him with a head injury and later on a cancer diagnosis. After two successive medical procedures, he had to face huge medical bills that put him in debts of millions.
