No.11: Kim Basinger
Actress Kim Basinger, known for roles in L.A. Confidential and 9½ Weeks, faced financial ruin after backing out of the controversial film Boxing Helena in 1993. The production company sued her for breach of contract, and the court ordered her to pay nearly $9 million in damages.
Unable to cover the cost, Basinger filed for bankruptcy. The amount was later reduced in a settlement, but the case severely impacted both her career and finances. She eventually returned to acting, proving her resilience in the face of legal and financial adversity.
No.10: M.C. Hammer
In the early 1990s, rapper M.C. Hammer reached global fame with his mega-hit “U Can’t Touch This,” earning as much as $33 million a year. But his extravagant lifestyle—including a 200-person entourage, thoroughbred horses, and an opulent mansion—soon caught up with him.
As his popularity faded, so did his fortune. In 1996, he filed for bankruptcy, citing debts exceeding $13 million. Hammer later claimed he was simply trying to support his community through employment. Post-bankruptcy, he reinvented himself as a preacher and tech entrepreneur—turning his downfall into a second act of success.
.jpg){kind=link}