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

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

Lisa ‘Left Eye’ Lopes: Keep your emotions in check

The late Lisa “Left Eye” Lopes of TLC fame helped make records that sold millions for the record label and management company and raked in money but not for her or the other two singers in TLC. The financial downfall of TLC is well known after the 1999 VH-1 episode of “Behind The Music” and 2013 TV film “CrazySexyCool: The TLC Story”.

Lopes at one point had to borrow money to pay for her bankruptcy lawyer. It wasn’t just bad business deals that broke her — it was also her personal life. 

After a fight when her boyfriend, football player Andre Rison, Lopes allegedly tried to burn a pair of his sneakers but his whole house went up in flames. Lopes was fined $10,000 and got probation for arson. While her relationship with Rison continued, his insurance company, Lloyd’s of London sued Lopes. The company sued her for $1.3 million and forced her (and indirectly, the rest of TLC) into bankruptcy. Rison loaned Lopes and her bandmates $15,000 each so they could hire bankruptcy lawyers, The Grunge reported.