Famed TV host Larry King is a financial comeback king. The 86-year-old is reportedly worth $150 million now but back in the 1960s he was living the high life and spending as he raked it in. Then it seems he got greedy and went broke.
In 1971 King was arrested and charged with grand larceny for stealing $5,000 from a business partner. The charges were eventually dropped but the scandal cost him his radio jobs. He declared bankruptcy in 1978 with debts of an estimated $30,000, The Telegraph reported. The same year, King landed a late-night talk show slot on the radio that later developed into his own successful TV show “Larry King Live” which ran for 25 years.
