13 Lessons From Entertainers And Moguls Who Went From Millions To Broke

Written by Ann Brown
From left, Lisa “Left Eye” Lopes of the group TLC poses backstage at the 14th Annual Soul Train Awards in Los Angeles, March 4, 2000. (AP Photo/Chris Pizzello) Larry King attends the Friars Club Entertainment Icon Award ceremony, Nov. 12, 2018, in New York. (Photo by Charles Sykes/Invision/AP) Rapper T-Pain, host of “T-Pain’s School of Business,” is photographed at Gotham Greens in Brooklyn, June 5, 2019. (Photo by Scott Gries/Invision/AP) Music mogul Damon Dash at the National Film And TV Awards Ceremony in Los Angeles, Dec. 5, 2018. (Photo: GOTPAP/STAR MAX/IPx) Kim Basinger arrives at the LA premiere of “The Nice Guys”, May 10, 2016, in Los Angeles. (Photo by Jordan Strauss/Invision/AP)

Being entertainers and moguls doesn’t guarantee lives of consistent wealth. Many celebrities earn millions for their managers but stay broke or go broke for a variety of reasons.

Here are 13 entertainers and moguls who went from have to have not.