10 Biggest Celebrity Bankruptcies

No 2. Michael Jackson

It is no news the king of pop had quite some expensive and extravagant lifestyle. During 2007 MJ had to file for bankruptcy, after failing to pay back a $25 million loan on his home, Neverland Ranch. The house’s maintenance cost was more than $10 million dollars a year. By the time Michael Jackson died in 2009 he didn’t have a penny to his name.