Famous Celebrity Bankruptcies

These famous celebs lost millions on bad deals or spending way too much

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Famous Celebrity Bankruptcy #2: Willie Nelson

This  country crooner had a host of famous songs and a strong fan following, who inhaled his music as quickly as Willie could finish a joint. But the self-proclaimed pot-loving country star was a little too Americana for the government’s tastes — especially since Willie refused to pay taxes.

His $16 million tax debt cost him many of his assets and he filed for bankruptcy in 1990. Though that stung a bit, it wasn’t enough to really change him: Some two decades later he still had to fight with the IRS on unpaid back taxes.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/famous-celebrity-bankruptcies/.

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