10 Famous musicians that went broke (With Pictures)

11. Wayne Newton

Perhaps you think of Las Vegas or the phrase “Danke Schoen” when you hear or read of the nameWayne Newton. Newton also has quite the reputation for being unable to take proper care of his finances. The Vegas entertainer filed for bankruptcy in 1992, but it was believed that Newton was financially secure by the end of the decade. Security only lasts so long, however, as the IRS was looking to claim almost $2 million from Newton in 2005. Things got so bad by the end of 2012 that the Casa de Shenandoah that had served as Newton’s massive estate was put up for sale.