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

by Barbara

Kim Basinger

Kim Basinger is an Oscar winning actress who is known for her marriage (and subsequent divorce) to Alec Baldwin, but she’s also had some pretty bad financial problems.

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Earlier in her career, when things were looking bright, she bought a town in Georgia to try to start a tourism hub. However, she backed out of starring in a film and had to sell her part of the town, which had gone down in price from $20 million to $1 million. She had to file for bankruptcy in 1983.

Mike Tyson

While Mike Tyson still has a net worth of $3 million, that is minuscule compared to the $400 fortune he used to have. He blew most of that on things like golden bathrooms, extravagant parties, pet tigers, and an expensive divorce.

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He also owed the IRS, not to mention lawyers, and many other people who weren’t too pleased when he couldn’t pay up. Now, Tyson is attempting to keep his head above water, but he certainly cannot afford the lifestyle he lived for so many years.

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