24 Celebrities whose millions disappeared
Drake Bell
You might remember Drake Bell as the beloved child star from Drake and Josh, but there’s much more to the story with this multi-talent entertainer.
Throughout his career, Bell has worn many hats, including stints as a comedian, guitarist, songwriter, producer, and even occasionally dabbling in TV directing.
His career skyrocketed during the Nickelodeon era of Drake and Josh in addition to his unforgettable appearances in Dragonworld: The Legend Continues and A Fairly Odd Movie: Grow up, Timmy Turner!
However, things took a turn in 2014 when Bell filed for bankruptcy, with $600,000 in debts owed to the IRS. His lavish $2 million Los Feliz home met foreclosure as he owed $1.5 million in mortgage payments.
To add to the long list of overdue bills, Bell also spent around $18,000 a month, even though he generated only $2,800 of monthly revenue.
These days, Drake Bell’s net worth is currently sitting at $600,000. Since filing for bankruptcy, he’s made headlines for DUIs and various abuse allegations.
Wayne Newton
Mr. Las Vegas, aka Wayne Newton, is a legendary singer, entertainer, and actor.
His performances have made him a fixture of the Las Vegas entertainment industry, with a popular solo act that appeared throughout the ‘80s and ‘90s. However, Newton’s finances were quite the roller coaster back in 1992 when he filed for Chapter 11 bankruptcy, wracking up $20 million in debts during his lawsuit against NBC.
He’d accused the broadcaster of libel for suggesting the singer had ties to organized crime.Though he was able to bounce back financially, in 2015, the IRS came looking for $1.8 million in back taxes.
In a really bizarre turn of events, he abandoned a $2 million private plane at a New York airport that accumulated $60,000 in unpaid parking fees over three years..
Although Newton has had his share of financial hardships, his net worth is still sitting at $50 million, and he recently announced another Las Vegas residency in 2024.
