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

by Barbara

Gary Busey

With more than 150 film credits to his name, Gary Busey is undeniably an accomplished actor. Unfortunately, things have been a little up and down for the star since his motorcycle accident in 1988.

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Although the man has continued to land work, his finances haven’t been in the best position. He ended up filing for bankruptcy in 2012 because he owed around $500,000. This was a mixture of unpaid taxes and other bills, some of which couldn’t be covered by his bankruptcy. So much for the glamorous Hollywood lifestyle.

MC Hammer

He became famous for his song U Can’t Touch This, but perhaps MC Hammer should have changed the title of his worldwide hit to Can’t Fund This. Ever since finding mainstream success, he’s been blowing money left, right, and center, and it’s since come back to bite him.

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The rapper reportedly had as much as $30 million in his account at the height of his success. However, in a matter of years, he’d somehow spent all that and more on his extravagant lifestyle. He was $13.7 million in debt.

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