10 Biggest Celebrity Bankruptcies

No. 5 Mike Tyson

Tyson, boxing legend, was knocked out when he was forced to file for bankruptcy in 2003: he had a $23 million debt, comprising unpaid taxes to the U.S. and the British governments, seven law firms, and limousine services. Mike Tyson’s extravagant spending included mansions, cars, a pet Bengal tiger and a $174,000 gold chain with diamonds of 80 carats. Tyson appeared on “The View,” and declared to be living paycheck to paycheck, but also stated: “I’m totally destitute and broke,” and added “But I have an awesome life.”