Meat Loaf was once a huge star in the music industry, raking in millions of dollars. Unfortunately, his musical talent didn’t extend to his financial situation, since he’s repeatedly dealt with serious economic problems. Meat Loaf got himself into so much trouble that, at one point, he was facing 45 different lawsuits!
Owing a total of $80 million in unpaid bills, and a string of nasty lawsuits, the music artist had to file for bankruptcy. After years of hardship, and serious health issues in the last decade, Meat Loaf seems to have finally made a comeback after a recent tour in 2017, 2018, and 2019. Sadly, in 2022 he passed away.
Gary Busey
It's hard not to like an actor like Gary Busey; with his unique facial expressions, and his one-of-a-kind acting style, the Texas-born actor has made an impressive career for himself. Having acted in over 150 films, including classics like Lethal Weapon, Fear and Loathing in Las Vegas, Point Break, The Firm, and many more, Busey has enjoyed a pretty lavish lifestyle.
Sadly, after suffering a bad motorcycle accident in 1988, things started to take a turn for the actor. Even though Busey has continued to act, his financial situation isn't exactly great. In fact, in 2012, he declared bankruptcy after he owed half a million dollars in unpaid bills and taxes that he simply could not pay.
MC Hammer
In the late '80s and early '90s, MC Hammer was one of the most famous rappers in the U.S. But even his famous song 'U Can't Touch This', didn't manage to keep him in the clear when it came to his savings. The problem was that the rapper spent his money as fast as he made it.
Supposedly, Hammer managed to spend more than $30 million in a few short years, and even get himself into a $14 million debt. Now that takes commitment.
Leif Garrett
In the 1970s, Leif Garrett was famous for his acting and his music. Years later, he was known for his substance abuse and troubles with the law. Sadly, Garrett started these self-destructive habits at the young age of 14, and things only got worse over the years.
Garrett was arrested several times and was involved in a serious accident that caused him to permanently injure a good friend. Obviously, this quickly turned into serious financial problems, and Garrett filed for bankruptcy in 2001. By that point, he owed nearly $80,000 in unpaid bills.
Floyd Mayweather Jr.
The boxing legend Floyd Mayweather Jr. had such an undefeated streak of wins that he got the nickname "Money", for the sheer profits he was raking in. Ironically, though, Mayweather has been trying to pay off his taxes for more than ten years, and currently owes almost $23 million to the unforgiving IRS.
Considering that this ring champion is now retired, he's going to have to work extra hard as a boxing promoter to pay back that debt. Good luck "Money"!