How fast do you think you could blow a couple million bucks? Well, it didn’t take long for these actors, musicians, and athletes to go from rich and famous to just plain famous. Some even took out loans that they couldn’t pay back! Check out these celebrities who have unfortunately lost their homes and declared bankruptcy.
Despite earning over $150 million, Nicolas Cage has had some trouble budgeting it all. He apparently once had $14 million worth of debt including several homes that he lost to foreclosed auctions. Two properties were in New Orleans and one was a Bel Air mansion.