We all love to fantasize about what we'd do with fame and fortune. Well, these ex-celebs had them both and found a way to lose them too. Here are some names you might recognize that did just that.
1. Aaron Carter
The preteen pop singer found himself filing for bankruptcy in 2013, despite selling over 10 million albums worldwide in the last 20 years. Carter, now 30 (feel old?), was more than $3.5 million in debt, mostly from not paying his taxes since his popularity began in the late '90s. Looks like Aaron's Party (2000) is over.
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2. Toni Braxton
Now, it's hard to blame Toni Braxton for declaring bankruptcy in 1998, as a bad record contract only earned her around $2,000 worth of royalties, peanuts compared to the money the record company made on her hits like “Another Sad Love Song” and “Breathe Again.” What's worse? When health problems forced her to cancel her 2010 tour, the insurance company nullified her contract, which left Braxton on the hook for all the damages of cancelled shows, which led her to file for bankruptcy again. …show more content…
David Cassidy
Life post-The Partridge Family has been tough for David Cassidy. Despite the success he had as a pop-singing teen idol after the show, a trio of DUI's and alcohol abuse led to divorce in 2014, and eventually bankruptcy in 2015. The show's declining popularity into the 2000s led to continuously diminishing royalty checks, and now in his late 60s, his health limited his ability to perform as a singer. He announced his retirement in February of this year.
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