Today, more and more people choose to make bank loans in order to fulfill their dreams by building a great house or buying the newest car, or simply because they can’t afford some needs such as house electronics or others.
Celebrities, from singers and actors to presidents, aren’t too different, either. There are hundreds of celebrities who have made loans at banks in order to buy something they wanted. Anyway, it looks like some of these celebrities went broke or were bankrupt at one point and couldn’t pay back their loans anymore. Let’s see the 10 most popular of them and how they solved their situations – if they did!
1. Michael Jackson
Also known as the King of Pop, Michael Jackson had a great fortune after being named the most successful entertainer by the Guinness Book of Records. Anyway, it seems like all his money wasn’t enough for Neverland Ranch, the house he lived in. It cost $25 million, but Michael was only able to pay $2 million in mortgage, so his home was reportedly foreclosed. He died owing 500 million dollars, due to his exquisite life.
