14 celebrities who went bankrupt – after Lady Gaga admitted she was broke in 2009

0

Someone we never thought would be strapped for cash? Lady Gaga.

The Applause singer is now reportedly worth $ 190 million after racking up large sums of money from album sales, tours and sponsorships, but there was a time when she didn’t lead such a luxurious life.

In a preview of a documentary on Live Nation Entertainment CEO Arthur Fogel, Gaga admits she went bankrupt on her Monsters Ball 2009 tour.

“I had $ 3 million in the bank in my name and threw it all away to do my scene,” the singer explains, “So I went bankrupt during the show.”

“I remember coming home and I was with my dad and he said, ‘I don’t understand. Bad Romance is out. You are everywhere on the radio. Everyone’s talking about you and you don’t have a pot to get in. ‘

“I said, ‘Let me do this. Just let me put it on stage because I think if I can do it I can get Arthur Fogel’s attention. ” And I did.”

Later, Fogel and Live Nation wrote Mother Monster a check for $ 40 million. “It changed my life and that of my whole family,” she said. Just a little bit.

But she’s not the only celebrity who lost her money – check out these prizes …

1) Shane Filan

Shane owed £ 18million
(

Picture:

Getty)

The old boybander the singer was declared bankrupt in 2012 after losing £ 18million due to bad property investments.

He had to sell the house he designed in 2004, then worth £ 3.5million, and said he couldn’t even afford a £ 30 toy for his son.

Days after the band performed in front of 80,000 spectators on their farewell tour, they only had £ 470 in their bank account. Anguishing.

2) Richard ‘Fazer’ Rawson

Fazer was reportedly declared bankrupt last year

Last year, The Sun reported that N-Dubz member Fazer, real name Richard Rawson, was “declared bankrupt” – after failing to repay his debts to the tax authorities.

It was not known how much the 26-year-old, but the newspaper claimed he could lose his share of a north London apartment he bought with Tulisa for £ 796,500.

3) Suzanne Shaw

Although she never officially filed for bankruptcy, claiming she was “too embarrassed” to do so, the former Hear’Say singer admits that at the height of her money troubles she was £ 200,000 in debt.

Two years after the group split up and a steady flow of money arrived, she was forced to hand over the keys to a £ 710,000 property.

“At this point, I literally had nothing to show for my efforts. No investments, no Isa accounts, no savings, no retirement, nothing,” she told The Telegraph. She said it took her eight years to pay back every penny she owed.

4) Duncan James

 

Duncan filed for bankruptcy in September 2013

The Blues star filed for bankruptcy on September 12, 2013 after the group’s company, Blueworld, took office in May. At the time, he said: “In a strange way, it’s actually a relief to have been declared bankrupt. It means that I can start over. Before I went bankrupt, I had tried to pay back ready for years and felt like I was drowning. ”

A few months later Simon, Duncan’s Blue bandmate, also filed for bankruptcy.

5) Calum Best

Party animal Calum filed for bankruptcy late last year. He confessed: “I was lucky enough to make a lot of money at a young age, and mistakes have come with that. But also lessons learned.

6) Martine McCutcheon

In February 2013, former Eastenders actress Martine was declared bankrupt. The famous TV star filed the petition under her full name Martine Kimberly Sherri Ponting – which surprised us almost as much as the fact that she was strapped for cash – in Kingston-Upon-Thames County Court.

7) Kerry Katona

Kerry was unable to pay the final £ 82,000 of a £ 417,000 tax bill
(

Picture:

Wenn)

Ahhh. Yes. Ms. Katona. To give him credit (which no one else will do for a while, that’s for sure), Kezza attempted to pay off his £ 400,000 tax bill. She just didn’t make it out quite. And in 2008, she had to raise her hands in the air and admit defeat. The following year his £ 1.5million mansion was taken over.

In July 2013, she was declared bankrupt for the SECOND time, and last month Kerry was forced to deny that she was bankrupt for the third time because she was still bankrupt after filing a second claim.

To continue?

8) Miquita Olivier

Miquita owed £ 174,514.47 in taxes

To be fair, we don’t know why BFF Lily Allen couldn’t just auction some of her clothes / saliva on ebay and help Miquita a bit. But somewhere along the line, things got a little bad for the happy Popworld star, and she had to file for bankruptcy. Oh dear.

9) Mike Tyson

He owed £ 5,000 for the care of his tigers
(

Picture:

Getty)

Mike owed £ 8.62million to the IRS, £ 5.79million to his ex-wife, £ 5.79million in legal fees, £ 148,000 from pagers and cellphones, £ 264,000 for one. birthday party, 5,000 care books for his tigers and £ 42,000 for limousines.

Sorry. We are too busy focusing on Tiger Debt to write more here. Except that it was 2003, and Mr Mike was said to have earned over £ 300,000,000 at this point in his career. Which is a lot of money to lose, really. Even if you’re distracted by oversized cats.

10) MC Hammer

It’s a serious topic, so for the very first time, we’re going to refer to MC Hammer by his real name – Stanley Kirk Burrell – and not just because we just found out on Wikipedia and we really want to show this off.

SKB forgot to pay his taxes for a few years in the late ’90s (he probably lost the bills in his pants, or something), and had to file for bankruptcy. Duh duh duh duh …

He owed £ 8.8million.

11) Sarah Ferguson

Sarah owed £ 5.15million

THIS IS WHY YOU WON’T FALL WITH THE QUEEN.

That’s all.

12) Michael Barrymore

Let’s play a game of Your Favorite.

Would you rather be Michael Barrymore in August 2001 when you were at the center of a pretty huge scandal involving your swimming pool, or Michael Barrymore in May 2004 when he had to pay over £ 1million in taxes and probably has? had to give up having a swimming pool in short?

13) Meatloaf – owed £ 1.03million

Meatloaf splashed money

It is quite unlucky to go bankrupt. But going bankrupt twice in the same decade (the ’80s, obviously) just seems a little sloppy. Especially when your name is Meatloaf, and we imagine you could just sing really really really loud in the faces of the ushers until they forget what was going on and go home.

But maybe that’s just something to keep in mind for the third time.

He owed £ 1.03million.

14) Perez Hilton

In 2005, Perez Hilton had only blogged for four years and had to file for bankruptcy attorney due to skyrocketing credit card bills and sky-high college debt. Fortunately, it seems he managed to keep his computer. And his collection of hair dyes. He owed more than £ 32,000.

Share.

Leave A Reply