Becoming famous overnight and getting used to nicer things in life often leads to a disastrous spending spree. A couple of celebrities took things to a whole new level, and squandered away more money than most people see in a lifetime. They spent so much cash that they put the King of Arabia to shame, and some of it wasn’t even used to finance their lavish living. Divorce settlements, bad deals, lawsuits and loans also led to a downfall of some of our favourite celebs, who had to declare bankruptcy after going completely broke. Let’s take a look at famous people who went from riches to rags.
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