Editors' Choice

25 Celebrities Who Went Broke For Very Stupid Reasons

Shelby Chau / December 22, 2016

We always hear stories of how people become rich through investments, inheriting huge sums of money, or having the talent to make it big like athletes and movie stars. However, because money is a funny thing, some of these people sometimes find themselves in financial woes, despite having had so much.


For these people, they end up wasting their fortunes and lose it all. The problem is, they go broke when they never should have gone broke in the first place, and sometimes it’s frustrating to hear when it’s the result of stupid reasons. To be honest, we rarely feel sorry for them, but we can learn a thing or two from their grief. Here are some celebrities who went broke for, well, very dumb reasons.


#25. Mischa Barton: From The Next Big thing To Nothing 


via usatoday (FOX)


In the mid-2000s, Mischa Barton starred in Fox’s hit show “The O.C” and was labeled the next big thing by various outlets. Maybe it was because of timing, she was living at a time when various young starlets such as Lindsay Lohan, Nicole Richie, and Paris Hilton were troubled, but Barton lost her composure to drugs, most notably alcohol and weed.


After running into problems with the law on suspicion of DUI and being hospitalized in a psychiatric ward, it was unbelievable that Barton could only turn on her mother and manager and accuse them of squandering her entire fortune behind her back.