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…
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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