Bangalore: Talking about celebrities whether we hate them or admire them, there is definitely something alluring about them. More than their professional life, we seem to take a great interest in the intricate details of their lifestyle. Having fame and fortune doesn't ensure a financial bliss. Celebrities may be scraping in millions, but not all celebrities are good at managing their money. Celebrities like Nicholas Cage, Elton John, Amitabh Bachchan have hit financial rock bottom at some point of time in their lives but this never deterred the spirit in them to carry on their passion. Celebrities get into larger money messes that are so complicated than what we ordinary folks find ourselves dealing with. So let's take a look at the huge money mistakes celebrities have made over the past couple of years. Spend Beyond Their Means Most of the celebrities break first rule of money management. To spend within their means. In the zeal to display the collection of their property, they spend more than what they can afford and end up being bankrupt. The pop singer once worth an estimated $500 million had been in constant money troubles. Michael was in $400 million in debt. Michael had borrowed more than $300 million against his ownership of Sony and tens of millions against his MiJac Publishing. He had purchased Neverland Ranch for a sum of $16.5 to $30 million. He unfortunately had lost ownership of his Neverland Ranch.