12 celebrities who went bankrupt

Apparently being rich, famous and successful isn't always that easy. Bad investments, drug habits, yacht maintenance...these things can add up. Many athletes, entrepreneurs, musicians and actors have found themselves buried in debt and forced to declare bankruptcy. Some recovered to once again become wealthy and powerful...while for others, bankruptcy was just another element in their post-fame collapses.

Anna Nicole Smith introduces her dog to the media in the press room at the 32nd Annual American Music Awards. Steve Granitz/<a href="https://ec.yimg.com/ec?url=http%3a%2f%2fwww.wireimage.com%26quot%3b&t=1519291480&sig=zbYPGaEYCW._ZbkS.AS3sw--~D rel="nofollow noopener" target="_blank" data-ylk="slk:WireImage.com" class="link rapid-noclick-resp">WireImage.com</a> - November 14, 2004
Anna Nicole Smith and her dog
Anna Nicole Smith introduces her dog to the media in the press room at the 32nd Annual American Music Awards. Steve Granitz/WireImage.com - November 14, 2004
 Αγνώριστος ο Burt Reynolds από τις πλαστικές!
Αγνώριστος ο Burt Reynolds από τις πλαστικές!
Αγνώριστος ο Burt Reynolds από τις πλαστικές!
<strong>Willie Nelson, $32 million</strong><br>Country singer Willie Nelson thought of his assets seizure as a way to pare down. In the 1980s, he banked his wealth in a tax shelter, but the IRS didn't take kindly to those back then. The government took his Texas ranch, among other things, in payment for a record-breaking <a href="http://movies.yahoo.com/person/willie-nelson/biography.html" data-ylk="slk:$32 million in unpaid taxes" class="link rapid-noclick-resp">$32 million in unpaid taxes</a>. Like a true country artist, Nelson turned to music to express his woes &mdash; and, with approval from the IRS, to fundraise &mdash; in his album "The IRS Tapes," which people could have bought by <a href="http://www.nytimes.com/1991/09/02/business/willie-nelson-hopes-for-a-hit-so-does-the-irs.html" rel="nofollow noopener" target="_blank" data-ylk="slk:dialing 800-IRS-TAPE" class="link rapid-noclick-resp">dialing 800-IRS-TAPE</a>. He also sued his accounting firm, and they settled.
Willie Nelson
Willie Nelson, $32 million
Country singer Willie Nelson thought of his assets seizure as a way to pare down. In the 1980s, he banked his wealth in a tax shelter, but the IRS didn't take kindly to those back then. The government took his Texas ranch, among other things, in payment for a record-breaking $32 million in unpaid taxes. Like a true country artist, Nelson turned to music to express his woes — and, with approval from the IRS, to fundraise — in his album "The IRS Tapes," which people could have bought by dialing 800-IRS-TAPE. He also sued his accounting firm, and they settled.
WWE: Στο επόμενο Raw SuperShow o Vince McMahon
WWE: Στο επόμενο Raw SuperShow o Vince McMahon
WWE: Στο επόμενο Raw SuperShow o Vince McMahon
TORONTO, ON - SEPTEMBER 11: Filmmaker Francis Ford Coppola speaks at "A Conversation With Francis Ford Coppola" at TIFF Bell Lightbox during the 2011 Toronto International Film Festival on September 11, 2011 in Toronto, Canada. (Photo by Peter Bregg/Getty Images)
A Conversation With Francis Ford Coppola - 2011 Toronto International Film Festival
TORONTO, ON - SEPTEMBER 11: Filmmaker Francis Ford Coppola speaks at "A Conversation With Francis Ford Coppola" at TIFF Bell Lightbox during the 2011 Toronto International Film Festival on September 11, 2011 in Toronto, Canada. (Photo by Peter Bregg/Getty Images)
LAS VEGAS, NV - AUGUST 01: Entertainer Wayne Newton appears during a court recess at court hearing at the Clark County Regional Justice Center on August 1, 2012 in Las Vegas, Nevada. Newton and developer Steve Kennedy have traded allegations of breach of contract, fraud, mismanagement, animal abuse and sexual harassment over a plan to turn the Casa de Shenandoah ranch into a tourist attraction. (Photo by David Becker/Getty Images)
Wayne Newton Court Appearance - Las Vegas, NV
LAS VEGAS, NV - AUGUST 01: Entertainer Wayne Newton appears during a court recess at court hearing at the Clark County Regional Justice Center on August 1, 2012 in Las Vegas, Nevada. Newton and developer Steve Kennedy have traded allegations of breach of contract, fraud, mismanagement, animal abuse and sexual harassment over a plan to turn the Casa de Shenandoah ranch into a tourist attraction. (Photo by David Becker/Getty Images)
Walt Disney, co-founder of Walt Disney Productions, now The Walt Disney company
Walt Disney in 1954
Walt Disney, co-founder of Walt Disney Productions, now The Walt Disney company
Larry King a prezentat la CNN emisiunea "Larry King Live" timp de 25 de ani
Larry King a prezentat la CNN emisiunea "Larry King Live" timp de 25 de ani
Larry King a prezentat la CNN emisiunea "Larry King Live" timp de 25 de ani
MC Hammer and Psy he 40th Anniversary American Music Awards 2012, held at Nokia Theatre L.A. Live - Pressroom Los Angeles, California - 18.11.12 Mandatory Credit: Adriana M. Barraza/WENN.com
MC Hammer and Psy he 40th Anniversary American Music Awards 2012, held at Nokia Theatre L.A. Live - Pressroom Los Angeles, California - 18.11.12 Mandatory Credit: Adriana M. Barraza/WENN.com
MC Hammer and Psy he 40th Anniversary American Music Awards 2012, held at Nokia Theatre L.A. Live - Pressroom Los Angeles, California - 18.11.12 Mandatory Credit: Adriana M. Barraza/WENN.com

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