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10 Great Celebrities Who Went Broke
By siliconindia
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Saturday, 29 October 2011, 01:08 IST
Mike Tyson:
The former American boxer and a heavy weight champion of the world went broke even after earning over $300 million. The obsession for jewelry, manors, parties, mobile phones, fashionable outfits, luxurious automobiles and the expensive Siberian tigers took him to the verge of bankruptcy. His expensive divorce settlement to Monica turner made him totally bankrupt and variety of debts started rolling over his head. From the year 1995-1997 he spent around $10 million on his luxury. He owed IRS $13.4 Million and paying all this is all time fortune got squandered.
