10 Famous musicians that went broke (With Pictures)

2. George Clinton

The music legend who is credited for being the mastermind behind Parliament and Funkadelic was not the most savvy of businessmen during the best days of his music career. George Clinton signed the rights for his music way during the 1980s, and he filed for bankruptcy in 1984. SEE ALSO: 10 celebs you didn’t know were muslim – This will leave you in a big shock! (With Pictures)

Perhaps the biggest blow to his personal finances came in January 2001 when a judge ruled that Clinton was not allowed to keep the rights to certain music that he wrote in the 1970s and 1980s. It was said at the time that the catalog of songs was worth over $100 million. Ouch.