Celebrities who lost their money and can no longer afford their extravagant lifestyles

by Barbara

Sinbad

There was a time when Sinbad seemed to be the comedian who had it all. His role on the sitcom A Different World made him a mainstream stream, and with it the chance for financial success.

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Unfortunately, things didn’t quite work out in his favor. The man has now declared bankruptcy multiple times, with business expenses being the main reason for his issues. He was reportedly $11 million in debt back in 2013, and he couldn’t pay it off because he was never making more than $16,000 a month.

Tionne ‘T-Boz’ Watkins

TLC was responsible for some major hits in the ‘90s, including Waterfalls, No Scrubs, and Unpretty. Unfortunately, while their songs and albums might have been million-sellers, the group’s members never saw much financial success.

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That was largely down to their management, although the blame isn’t solely on them. One of the reasons that T-Boz has filed for bankruptcy multiple times is because she buys things like homes worth a million dollars. It was the mortgage payments for this luxury residence that forced her to turn to bankruptcy in 2011.

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