Publication date September 22, 2022

Lindsay Lohan to Brett Butler: Famous celebrities who lost everything!

I never met anyone who didn’t wanna be a celebrity and deep down even you know you want a piece of their glamorous lifestyle. Big mansions, an army of chefs, a closet full of designer clothes, and a fleet of supercars. Doesn’t that feel like a dream, but did you know for many celebrities their dreams turned into a nightmare? So do you know about the celebrities who went from riches to rags? If not then this article is just the thing you wanna read right now. 

Lindsay Lohan

Celebrities who lost everything

Source: Parade

We cannot have a list of celebrities with financial troubles and not have Lindsay Lohan on it. Lindsay Lohan for a long time has been the poster child for celebrities who turned to the dark side. Lindsay Lohan started her career at a very young age as a child artist. Later she appeared in pictures like “Mean Girls” and “Freaky Friday” as a young adult. It was not long before she found fame, and with fame money usually follows. As Lindsay Lohan gained more popularity she also started to gain a reputation of being very “difficult” to work with. 

Things took a turn for the worse when the IRS jumped in and seized her bank account. The IRS reported Lindsay Lohan owed $23300 in back taxes. In addition to the IRS Lindsay Lohan had a lot of personal troubles which added significantly to her legal fees. All her troubles piled up and her net worth over time dropped under a million dollars. 

Toni Braxton

Celebrities who lost everything

Source: Page Six

Toni Braxton has earned accolades for many only dreams to achieve. From selling over 70 million copies to winning seven Grammys made she is one of the most recognized names in the music industry. But unfortunately, she wasn’t as successful in managing her finances. Toni Braxton had to file for bankruptcy twice, once in 1998 and later in 2010.  The Grammy winner led a lavish lifestyle. Well, I don’t know her personally but that much can be deducted from the list of creditors in her bankruptcy documents. Some of the notable names in the list of creditors were Neiman Marcus, BMW Financial Services, and the Four Seasons Hotel. 

Our past is our biggest teacher, but apparently, Toni Braxton’s past is not that great of a teacher as six months after settling her bankruptcy in 2013 she bought a $3 million mansion in California. Might not be the brightest idea but then again the heart wants what the heart wants. 

Brett Butler

Celebrities who lost everything

Source: ET Canada

Even acclaimed actors like Brett Butler faced huge financial losses and had to live with the bare minimum. It’s hard to believe an actor who had two Golden Globe Award nominations under her belt for her spectacular performance in the ABC hit Grace Under Fire would be living in a homeless shelter. Yes, Brett Butler was living in a homeless shelter, and upon being asked about her living conditions she revealed she was fighting addiction at that time. But on the bright side, she has sorted out her life to a great extent and made a comeback as a stand-up comedian. 

Kelly Rutherford

Celebrities who lost everything

Source: IMDb

While many celebrities lost their fortune due to bad life decisions, addiction, or due to lack of poor financial management Kelly Rutherford lost her fortune due to a lengthy legal battle with her ex-husband Daniel Gersh. Even though Kelly Rutherford has worked consistently ever since she started her career even appearing in hits like “Gossip Girl” she had to declare bankruptcy. Kelly Rutherford was locked in a legal battle with her ex for the custody of her children which made a huge dent in her finances. Combined with her trips to Germany to meet her children forced to declare bankruptcy. But a mother never gives up and even after everything she is still building everything up.

Natasha Lyonne

Celebrities who lost everything

Source: Vanity Fair

Many celebrities run into rough patches in their lives but the worst in my opinion is losing your house. I could never imagine not having a roof over my head and for an actor to lose their house would feel like a lame joke (since they make a lot of dough). But many unfortunate celebrities had become homeless and Natasha Lyonne sadly had her name on that list. The American Pie actress was reported to be homeless and was admitted to a hospital with very serious health issues. She was suffering from hepatitis C, a collapsed lung, and a heart infection. There were also rumors of her being treated for heroin abuse, but as far as I have read I can only call them rumors. But what’s commendable is she is bouncing back and we hope to see a lot of her in the future.

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