Riches to Rags: 5 Celebrities Who Went Bankrupt

We’ve all heard about celebrities who came from nothing and became something. They’re usually inspiring stories of people beating the odds and ending up becoming rich and famous. However, what we don’t frequently hear are celebrities who started from the top and ended in rock bottom because of lavish expenses and owing the government some taxes. Here are ten people who had it all then lost it because of their lifestyles.

Courtney Love

Though she may be saying that she’s in a much better place right now, Courtney admits that she lost around $27 million of “Nirvana money” because of her lifestyle.

Janice Dickinson

The “World’s First Supermodel” (or so she says) filed for bankruptcy in 2013 after claiming that her debts have amounted to $1 million.

Chris Tucker

In 2007, he was named as the highest-paid actor in Hollywood thanks to Rush Hour 3. Come 2010, the IRS went after Chris Tucker for owing $11 million in back taxes. In order to fix this booboo, is selling 3 of his mansions.

Lindsay Lohan

The former child actress owed $234,000 to the IRS, who froze all of her bank accounts back in 2012. She tried to remedy this by loaning $100k from Charlie Sheen. Sadly, that wasn’t enough to cover for her debts due to the fact that she also owes other people $3 million.

Willie Nelson

Back in 1990, the beloved country music star owed the IRS $16 million. To remedy this, Willie released an album entitled, “The IRS Tapes: Who’ll Buy My Memories” with all money going directly to the government. It took him 3 years before he was cleared of all debts.