Top 20 celebrities who went bankrupt after getting famous

4) Mike Tyson

Mike Tyson is one of the most famous athletes to lose his fortune. Once the youngest heavyweight champion in history, Tyson earned over $300 million during the 1990s.

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However, lavish spending on luxury cars, homes, a champagne-and-caviar lifestyle, and legal troubles, coupled with a disastrous career, led to Tyson’s bankruptcy in 2003.

Tyson’s life took a turn for the better with opportunities in entertainment, becoming an actor and starring in one of the funniest, tear-inducing scenes in The Hangover. His bankruptcy is often cited as an inspiring story of reinvention and redemption.

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