It’s hard enough to become a millionaire but for many, it’s even harder to keep those millions. When you finally have money to burn, it’s shockingly easy to overdo it. Bad investments, overspending and tax problems are just some of the reasons why some people go from rags to riches and back again. Here are eighteen millionaires who lost it all once.
All figures in US dollars.
She bounced back, though, and is now worth around $250 million. Almost losing it all because of her accountant makes Rihanna living proof that there are some financial terms everyone should know.
He’s since found that a career change is one of the best things to do after retirement. His acting roles and two memoirs have helped to bring his net worth back up to $3 million.
He also lost millions in bad investments and in 2017 he was declared bankrupt. The Telegraph reported in 2018 that the former Wimbledon champion’s trophies were being auctioned to help pay his debts.
Francis Ford Coppola
He used to be one of the richest people in the United States but, as The Irish Times reports, he gave away more than $8 million. Today he lives in a rented apartment and is known as the James Bond of philanthropy.