10 of the Richest Personalities Who Went Broke

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Stars, at some point, will reach the peak of the career, instantly gaining worldwide fame and fortune. Some of them have been able to keep their wealth and reputation in tact. But there are those who plummeted down toward their failure.

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Eike Batista

Eike Batista was Brazil’s richest person in 2012. He had a net worth of $35 billion and six companies in oil, energy, and mining. But due to the devaluation of his main company, OGX, and overspending, his empire eventually crumbled into debt. Batista was later known to be a “negative billionaire,” having over billions of dollars in debt.

Bjorn Borg

Bjorn Borg was very popular in the 1970s as he was a Swedish tennis superstar. After winning 11 Grand Slam tournaments, he was ranked as the number one player in the world. He retired at the young age of 26, and it seemed that his life was going places.

But he eventually became a drug addict, had a child with a contestant in a beauty contest he was judging, and he also got divorced twice. He was even sent to the hospital for accidentally overdosing. But Borg was able to get back up and he now has a designer underwear named Bjorn Borg, which fortunately boomed.

The Dotey Family

The members of the Dotey family were known for their wealth back in the late 1800s in Steubenville, Ohio. Calvin B. Dotey, the family patriarch, gained a lot of his wealth from iron. But their wealth was soon used up by his son Harry, who wanted to be woman and sported the name Harry Linwood Marie Dotey y Carr.

Harry was with his sister Molly, a baroness from a failed marriage, and they both spent all of their family fortune on expensive art and furniture. Molly was eventually forced to go to the Jefferson County Poorhouse, an event that made into the national headlines. Harry later died in a local insane asylum.

Mark Twain

Mark Twain, whose real name was Samuel Langhorn Clemens, was the renowned author of novels like The Adventures of Tom Sawyer and The Adventures of Huckleberry Finn. Though Twain was quite talented as a novelist, business was never one of his strong traits.

Twain spent most of his fortune in failed inventions and his biggest losses were from a type of mechanical typesetter called the Paige Compositor. He spent almost $8 million on the device, which always broke down. Due to all his losses, Twain was forced to go on tour around the world just so he could pay his debts.

Michael Jackson

Michael Jackson was probably the most famous singer on the planet, earning the title “King of Pop.” He sold over 100 million albums at the peak of his career. Unfortunately, his lavish lifestyle spelled the end for Jackson and his “Neverland” caused him a ton of legal hassles. At the last year of his life, Jackson had a debt worth $500 million.

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