You would think it’s impossible for the rich & famous to blow their wealth but it’s actually quite easy, especially if you have millions in disposable income like star athletes/platinum-selling artists. For many, “world-famous celebrity files for bankruptcy” doesn’t compute but it’s more common in 2013 than ever before.
Here are ten money-blowing celebs who probably have bad credit. Take a look. [bossip_ad_a]
Toni Braxton
She signed one of the worst record deals in music history and made pennies off multi-platinum albums. After two bankruptcies and endless money struggles, she’s just now getting back on her feet.[bossip_ad_a]
Michael Vick
The superstar NFL baller lost everything after the infamous dog-fighting scandal and filed for bankruptcy while locked up. He eventually bounced back with a new $100 million deal with most of his salary going directly to creditors.[bossip_ad_a]
Dame Dash
He money danced in lavish videos and splashed champagne on exotic models as co-founder of Roc-A-Fella records before his millions shriveled into thousands then hundreds then $0. Damn shame how he blew MILLIONS on doomed business ventures and never learned from his mistakes.[bossip_ad_a]
DMX
The iconic rapper-turned-fertile druggy admitted that he’s broke and owes over $1 million in child support for at least 10 kids (that he knows of).[bossip_ad_a]
Vince Young
Seems impossible to blow $26 million in 700 days, but the unemployed QB did so with ease. $5,000 A WEEK at Cheesecake Factory? Only Vince Young. [bossip_ad_a]
Mike Tyson
The legendary mush-mouthed boxer earned over $100 million in his prime and blew it on ignant extravagance, a castle-like mansion and wild tigers. Once feared by everyone, he became a pathetic parody of himself who owed creditors over $27 million. [bossip_ad_a]
Terrell Owens
The deeply-emotional cry baby trusted all the wrong people with his finances and made terrible business decisions leaving him millions in debt and thousands behind in child support.[bossip_ad_a]
Donald Trump
The squirrel fur wigged mogul went bankrupt twice in five years yet somehow still secures loans for swanky properties and other ventures with notoriously bad credit.[bossip_ad_a]
Marion Jones
The disgraced track star won five Olympic medals in 2000, earned $80,000/race and splurged on mansions, luxury cars and attorneys for her doping trial. Soon after being stripped of her medals, banned from track & field and sentenced to 6-months in prison, she filed for bankruptcy.[bossip_ad_a]
