The lives of the opulent and fanciful often seem glamorous, however even the lion’s share of celebrities have issues with money. Despite many incalculable heartrending stories of celebrities who worked their way out of financial distress, the opposite also happens. For many stars, their career arcs turn from riches to rags.

At times, fame and wealth could result in a disastrous spending spree. Many celebrities have ended up declaring bankruptcy and many had trouble paying off loans and making child support payments as well.

Let’s take a look at some of the people we look up to who lost all…

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