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.
Gaby Hoffman started acting at a very young age, making unforgettable appearances in 80's and 90's classics like Field of Dreams, Uncle Buck, and Sleepless in Seattle. However, after her success in the coming-of-age classic Now and Then, Hoffman seemed to fade from the spotlight.
In 2013, she even claimed to have no more than "a few thousand dollars to my name", and was struggling to get work. In a twist of fate, a short time after, Hoffman scored an acting role on HBO's famous Girls, and then starred in the highly-acclaimed Amazon series, Transparent. All in all, it's safe to say Hoffman made a very successful comeback.
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.
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.
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.