24 Celebrities whose millions disappeared
Aaron Carter
Former child pop star Aaron Carter, who died in 2022 at age 34, earned hundreds of millions in his youth.
The younger sibling of Backstreet Boy Nick Carter, the late singer sold more than 10 million albums worldwide during his music career, not to mention his earnings from touring, endorsements and merchandise.
He filed for Chapter 7 bankruptcy in 2013, citing more than $3.5 million in debt. At the time, he listed his assets at just over $8,000, including a $500 television and a $3,500 watch.
Carter claimed his parents’ poor management decisions led to his financial troubles, as they were in charge of his earnings during the height of his money-making preteen years.
At the time of his death, Carter had a net worth of only $550,000 and his estate has been sued by Wells Fargo over credit card debts.
Mike Tyson
Iron Mike earned more than $400 million throughout his lengthy boxing career. His dominance started early; Tyson still holds the record for the youngest person to win the heavyweight title at just 20 years of age.
Though Tyson could pick his opponents apart in the ring, he exercised little control over his spending. He blew $4.5 million on cars and motorcycles, $2 million on a gold bathtub and $400,000 on three tigers and other exotic animals.
In 2003, he was $23 million in debt, including a $9million divorce settlement, and was forced to file for bankruptcy.
Since then, Tyson has managed to earn enough to stay afloat, including an appearance in the 2009 mega-hit The Hangover that reignited his Hollywood career, and has been able to bring his net worth up to $10 million.
