Celebrities that went from Rich to Broke – Being a successful celebrity brings with it a bank account that can be bigger than life itself. While the majority of celebrities invest, save and spend their money wisely some of them have not been so lucky.
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Several Hollywood celebrities have gone from rich to broke for a variety of reasons and here is a list of them…
Sherman Hemsley
Before he passed away Sherman Hemsley got himself into some serious trouble with the IRS. In 1999 he was forced to file for bankruptcy after entering into a loan that left him $1 million in the hole. He also owed the IRS money he couldn’t pay back. Eventually he reached a settlement outside of court but never fully recovered financially from the ordeal.
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