There are times when celebrities declare bankruptcy more than once. Singer Toni Braxton first filed in 1998 and again in 2010 after dropping out of her one-woman Vegas show due to a bout with lupus. Real estate mogul Donald Trump reportedly filed for bankruptcy four times, in 1991, 1992, 2004 and 2009. While there's definitely an increasing fascination for stars and actors going bankrupt, comeback stories are just as noteworthy. The famous people on the list below not only went from rich to broke, but most bounced back from their financial troubles and bankruptcies on some level and even turned their lives around.
50 Cent ain't worth what it used to be. According to the Wall Street Journal, the rapper and actor (whose real name is Curtis James Jackson III) filed for Chapter 11 in July 2015, stating that he had assets and debts between $10-$50 million.
According to a press release from his lawyer, the declaration allowed 50 "to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests."
The decision could have had something to do with the ruling against 50 Cent in court the week before. He was ordered to pay $5 million to Lastonia Leviston after illegally releasing a sex tape featuring Leviston and her boyfriend in 2009.
Birthplace: New York City, USA, South Jamaica, New York
Profession: Businessperson, Rapper, Investor, Entrepreneur Film Producer, + more
Credits: Spy, Real Steel, Morning Glory, The Hangover
Also Rankedsee more on 50 Cent
CNN talk show host Larry King filed for bankruptcy back in 1960 and again in 1978. He went on to become one of the most successful talk show hosts of all time.
Birthplace: New York City, USA, New York
Profession: Talk show host, Journalist, Radio personality, Actor Voice acting, + more
Credits: Larry King Now, Larry King Live, We're Back! A Dinosaur's Story, Larry King TNT Extra 3
#24 on Celebrity Death Pool 2016see more on Larry King
Nickelodeon child actor Drake Bell, who starred in "Drake & Josh," has filed for bankruptcy. The 26-year-old actor just filed legal docs, claiming he's in the hole to the tune of $581,000. Bell says he's only making $2,820 a month, but his expenses total a whopping $18,771. The most lucrative year Bell lists is 2012, when he made $408,000, but the next year he made only $14,099.
Birthplace: Santa Ana, California, United States of America
Profession: Television director, Record producer, Guitarist, Comedian Musician, + more
Credits: Ultimate Spider-Man, Superhero Movie, High Fidelity, Jerry Maguiresee more on Drake Bell
In 2007, Michael Jackson filed for bankruptcy because he could not pay a $25 million loan on his home the Neverland Ranch. Reportedly, the ranch cost Jackson over $10 million a year to maintain.
Age: Died at 51 (1958-2009)
Birthplace: Gary, Indiana, United States of America
Profession: Film Score Composer, Businessperson, Record producer, Musician Film Producer, + more
Credits: This Is It, Michael Jackson: Thriller, The Wiz, Michael Jackson: Video Greatest Hits - HIStory
#24 on The Best Rock Vocalistssee more on Michael Jackson
In 1921, Walt Disney filed for bankruptcy after his Laugh-O-Gram Studio failed and left him in debt. Disney recovered and in 1928 he developed the iconic character Mickey Mouse.
Age: Died at 65 (1901-1966)
Birthplace: Hermosa, Chicago, Illinois, United States of America
Profession: Businessperson, Television producer, Film Producer, Actor Animator, + more
Credits: Walt Disney's Wonderful World of Color, Peter Pan, 101 Dalmatians, The Skeleton Dance
Also Rankedsee more on Walt Disney
In 1990, country music legend Willie Nelson filed for bankruptcy after discovering that he owed the IRS over $16 million in back taxes.
Birthplace: Abbott, Texas, United States of America
Profession: Activist, Film Score Composer, Poet, Record producer Television producer, + more
Credits: Forrest Gump, Shrek, Wag the Dog, Brokeback Mountain
#25 on The Best Political Musicianssee more on Willie Nelson
MC Hammer became a superstar in the early 1990s after his hit "You Can't Touch This" soared up the charts. In 1996, he filed for bankruptcy reporting over $13 million in debt.
Birthplace: Oakland, California, United States of America
Profession: Spokesperson, Film Score Composer, Songwriter, Rapper Entrepreneur, + more
Credits: Into the Wild, The Proposal, Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan, Tropic Thunder
#27 on The Greatest Dancing Singers
#16 on The Best '80s Rapperssee more on MC Hammer
Stan Lee's Stan Lee Media company declared bankruptcy in 2000. In order to protect his famous comic book characters during the bankruptcy proceedings, Lee assigned them to a new company which he developed called POW! Entertainment.
Birthplace: New York City, Manhattan, USA, New York
Profession: Comic book creator, Editor, Television Show Host, Publisher Business executive, + more
Credits: Iron Man, Spider-Man, Iron Man 3, Spider-Man 2
#79 on Celebrity Death Pool 2016see more on Stan Lee