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  • And I had to file a Chapter seven bankruptcy to protect my parents from going to prison for mismanaging my finances.

  • Welcome to watch Mojo and today we're counting down our picks for the top 10 riches to rags, celebs stories, celebs who lost everything.

  • Trouble was while her records were selling millions, she was only taking home thousands for this list, we'll be looking at celebrities who amassed a large fortune only to end up broke in the comments, let us know what you would do with your money if you were rich.

  • Number 10 M.

  • C.

  • Hammer.

  • Over the span of a decade, M.

  • C.

  • Hammer became the quintessential rags to riches and back to rags Hollywood story after releasing two moderately successful albums, Hammer achieved worldwide fame with his hit single, U Can't Touch this from his third studio album.

  • At the time, Hammers net worth was valued at over $33 million 200 employees.

  • It was no secret.

  • So what you think I was paying them in hamburgers.

  • By 1996 Hammers musical success had plummeted and he had to file for chapter 11 bankruptcy as he was over $13 million in debt.

  • The California rapper never quite recovered from his fall despite a few comeback attempts.

  • Mr Devil can you give me a sign said that's one of my number nine T pain since bursting onto the scene in 2005 T.

  • Pain has racked up a slew of hit singles and accumulated a fortune of over $40 million.

  • However, instead of making wise financial investments, he bought a massive house and a $2.1 million Bugatti which he later Sold off for just $800,000.

  • And then I was like, Hey, since I got this Bugatti, you know, I need another house, I can probably take this one, these people just moved out of the house that's literally connected to my house.

  • So, you know, it certainly didn't take too long for that bank account to go low, low low.

  • By 2019 the Bayou, a drank singer was left with no option but to file for bankruptcy protection.

  • He did win the first season of the masked singer the same year and things seemed to be looking up for T pain.

  • Nowadays, number eight Todd Herzog, prior to being cast on the 15th season of Survivor Todd Herzog traveled across America as a flight attendant for Skywest Airlines.

  • His highly calculated run on the show culminated in him winning the season and taking home the $1 million cash prize at just 22 years old, winner of Survivor china.

  • But while he triumphed on the screen, Herzog's entire fortune was in Jeopardy as he was struggling with alcohol use disorder.

  • It wasn't until about 30 days into treatment, then I realized exactly how bad I was and you had no recollection of being on the Dr.

  • Phil show, remember about this much.

  • After seeking professional help, Herzog was able to turn his life around.

  • He has since attained sobriety and now lives a rather quiet life with his husband Jess.

  • Hermanson had the dolphins help me propose to this beautiful man.

  • # seven Fantasia.

  • This north Carolina singer and actress was propelled to stardom after winning the 3rd season of American Idol in 2004.

  • The winner of American Idol 2004 is Fantasia bullying her first ever single, I believe went straight to number one in the US and Canada and her debut album was certified platinum.

  • Things seemed to be off to a good start for Fantasia but due to her sole breadwinner status among her siblings, mother and daughter and the declining sales of her cell Second album, she soon found herself struggling.

  • Her $1.1 million dollar house was set to be auctioned off to cover an unpaid loan in an interview with Oprah Fantasia owned up to her mistakes, blaming her misfortune on her financial decisions and inability to say no want some number six Gary Busey.

  • Once upon a Time, Gary Busey was a mainstream Hollywood star.

  • The texas actor gained national attention for his leading performance in the 1978 biofilm, The buddy Holly Story which earned him an Oscar nomination.

  • He followed this up with starring roles in movies like lethal weapon and point break which were certified box office hits.

  • Listen, it's not those little ship I was taking shrapnel and while you were crapping in your hands and rubbing it on your face, his financial downturn came in 1980 eight when Busey was involved in a serious motorcycle accident that left him with permanent brain damage.

  • The once bankable Hollywood player became erratic on and off camera and soon struggled to find roles in movies and tv shows.

  • My brain got altered in a way that's not normal and I have a different way of looking at things and feeling things and I know how special life is with most of his money gone and not enough coming in, Bussey had to file for chapter seven bankruptcy in 2012.

  • Number five lil kim minute now I'm back, widely regarded as the queen of rap lil kim inspired a generation of rappers with her music and has sold upwards of 30 million singles globally.

  • Life really was all about the benjamins for the hip hop star.

  • No, she wrote it however, following dwindling album sales and a prison stint in 2005, lil kim found herself in a free fall in 2018, she declared bankruptcy claiming to be about $4 million in debt with unpaid taxes and mortgage loans taking up a large chunk of that figure in order to pay off her debt.

  • The queen bees, $2.3 million mansion was auctioned off with the opening bid being $100 yep, you heard that, right, I'll be undressed in the number four kim base singer kim base singer became a Hollywood fixture for her notable fem fatale roles throughout the eighties and nineties merry christmas to you officer.

  • That obvious, huh?

  • It's practically stamped on your forehead.

  • But at the height of her acting career basing her faced multiple setbacks that severely impacted her finances.

  • Tell me, what do you know about?

  • I don't know anything about Batman.

  • First she paid $20 million Alec Baldwin and in a messy divorce that reportedly cost the Oscar winning actress another few million dollars.

  • Um you know, we're all fine, we all get along with whatever but he's been, but he's a challenge.

  • I mean, come on, she never quite recovered financially.

  • Number three, Aaron carter in the late 19 nineties, Aaron carter became a teen idol before he was even a teenager.

  • The younger brother of Backstreet boys.

  • Singer Nick Carter Aaron started performing from as early as seven years old and had reportedly amassed more than $200 million 18, According to Carter, all of this money was mismanaged by his parents and when he crossed into adulthood, he had accumulated back taxes to the tune of $4 million 18 the money goes into my mom and my dad's pockets, they're supposed to be the ones that handle it correctly, but it went to cars and boats and went to lavish lifestyle.

  • It went every which way except for in my trust fund with no more hit singles and fast selling albums, Carter declared bankruptcy in 2013 in an effort to pay off most of his debt, the former teen heartthrob seems to be on the right path now as he has fully eliminated his debt and even bought a house in 2019.

  • Number two Toni Braxton for someone like Toni Braxton who sold more than 70 million records worldwide.

  • It's hard to imagine how she could go bankrupt twice.

  • Just two years after her smash hit un break my heart, Braxton found herself in dire straits and had to declare bankruptcy while her music generated millions, Braxton barely got any of it due to specific clauses in her recording contract, 170 million In sales and you got $1,972, is that right?

  • That's right, that's true.

  • She managed to dig herself out of that hole but ended up filing for bankruptcy again in 2010 after her Vegas residency was canceled due to her health issues.

  • But just like the Phoenix, she was able to rise from her financial ashes and has since produced and starred in the successful reality series Braxton family values.

  • No one did anything for me.

  • My family wasn't my people that I love is when you're being inducted into something you call the people close to you.

  • Everybody bailed on me before we continue.

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  • Number one Burt Reynolds, Oh I love your suits.

  • There must be a bit getting a size 68 extra fat Hollywood legend.

  • Burt Reynolds was a top box office draw in the late seventies and early eighties, but he gradually lost his bank ability as the years progressed.

  • This coupled with his costly divorce from Loni Anderson and some poor investment choices lead to the actor filing for bankruptcy in 1996 he made a career comeback soon after with boogie nights in 1997 which earned him a golden globe and an Oscar nomination, Adult films, exotic pictures.

  • By 2014.

  • Reynolds was auctioning off personal items and memorabilia which rekindled news of bankruptcy.

  • In 2014 he auctioned his most iconic belongings.

  • The canoe from deliverance, trans am from Smokey and the bandit and his 1998 golden globe until his death in 2018.

  • Reynolds lived at his florida estate, which once faced foreclosure, but was then bought by his neighbor, who let him live on the property at a low cost.

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And I had to file a Chapter seven bankruptcy to protect my parents from going to prison for mismanaging my finances.

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