You Won’t Believe What These Celebrities Squandered Their Fortunes On

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As anyone who’s watched a VH1 documentary knows, the rich and famous have a tendency to drop the “rich” part of the equation. It’s lonely at the top, especially when you spend all your money on swimming pools shaped like your own head and then have to file for bankruptcy. The celebrities on this list all had meteoric rises to financial heights, and subsequent rocky landings. Some of them may surprise you.

 

12. Nicolas Cage

Nic Cage was one of the highest-paid actors in Hollywood, making an average of $40 million per year. He blew his fortune on purchases so extravagant you’d only expect them to be made by Saudi princes. He bought eight mansions, including a castle in Scotland he never slept in, his own island, four yachts to take him there, cars upon cars upon cars, and a $30 million jet. The IRS is after him for tax evasion.


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