Top 20 celebrities who went bankrupt after getting famous

Modified Nov 12, 2024 12:56 ET

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13) Mekhi Phifer

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Mekhi Phifer, of 8 Mile and E.R. fame, filed bankruptcy in 2014 with over $1.3 million in debt.

The causes of his financial malady include failed investments, unpaid taxes, and too much spending. Despite all these early successes, failure eventually encountered Phifer's career later in life, and he could only sustain his wealth for a short period.

However, after his bankruptcy, the actor has returned to acting on shows such as Raising Kanan and Power to regain financial stability and popularity.

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Edited by Sezal Srivastava