2 Fantasia
Fantasia Barrino was an American Idol star. And like most of those American Idol stars, she was sort of a flash in the pan. So much so that I didn’t actually know who she was when I was researching musicians who went broke and lost their homes. That being said, it turns out that American Idol really doesn’t guarantee you fame. I think Fantasia must have thought it did though.
She bought a $1.1 million home (which is actually not all that much for someone who considers themselves a star), but she couldn’t even really begin to afford the cost on the loan to buy the house in the first place. I guess she expected a whole lot of money to be pouring in and that her success would keep building…but the house was auctioned off after the bank decided to collect.
1 Billy Joel
Billy Joel is probably one of the most successful musicians on this list…if not the most successful. In that he’s sold tons of albums, sold out concerts everywhere, isn’t dead, still plays live shows whenever he can, and has done it all while being screwed out of tons of money. His manager and ex-brother-in-law took $30 million from Joel over the course of his career. And if that wasn’t enough, Joel’s drummer of 30 years turned around and decided that he was owed royalties because of songs that he helped Joel write over the years.
So, in the midst of being one of the most successful musicians of his time, Billy Joel has had to downsize and learn how to live a less lavish life while people he once trusted continue to turn on him.
-TheRichest
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