In the 1970’s, Leif Garrett was famous for his acting and his music. Years later, he was known for his substance abuse and troubles with the law. Sadly, Garrett started these self-destructive habits at the young age of 14, and things only got worse over the years.
Garrett was arrested several times and was involved in a serious accident that caused him to permanently injure a good friend. Obviously, this quickly turned into serious financial problems, and Garrett filed for bankruptcy in 2001. By that point, he owed nearly $80,000 in unpaid bills.
Dennis Rodman
Dennis Rodman is best described as a loud, flashy, over-the-top one-man show. But that doesn't mean he wasn't a hell of a basketball player in his prime. Unfortunately, this former sports star has too much love for the extravagant lifestyle, and it has cost him dearly. At one point, his lawyers claimed that Rodman couldn't even cover his basic living expenses.
As if that weren't bad enough, the former basketball legend couldn;t even afford to pay his two kids' child support, owing nearly $1 million. To make things worse, Rodman was apparently stealing from several stores at some point, even though he completely denied the rumors.
Floyd Mayweather Jr.
The boxing legend Floyd Mayweather Jr. had such an undefeated streak of wins that he got the nickname "Money", for the sheer profits he was raking in. Ironically, though, Mayweather has been trying to pay off his taxes for more than ten years, and currently owes almost $23 million to the unforgiving IRS.
Considering that this ring champion is now retired, he's going to have to work extra hard as a boxing promoter to pay back that debt. Good luck "Money"!
Meat Loaf
Meat Loaf was once a huge star in the music industry, raking in millions of dollars. Unfortunately, his musical talent didn't extend to his financial situation, since he's repeatedly dealt with serious economic problems. Meat Loaf got himself into so much trouble that, at one point, he was facing 45 different lawsuits!
Owing a total of $80 million in unpaid bills, and a string of nasty lawsuits, the music artist had to file for bankruptcy. After years of hardship, and serious health issues in the last decade, Meat Loaf seems to have finally made a comeback after a recent tour in 2017, 2018, and 2019. Sadly, in 2022 he passed away.
MC Hammer
In the late '80s and early '90s, MC Hammer was one of the most famous rappers in the U.S. But even his famous song 'U Can't Touch This', didn't manage to keep him in the clear when it came to his savings. The problem was that the rapper spent his money as fast as he made it.
Supposedly, Hammer managed to spend more than $30 million in a few short years, and even get himself into a $14 million debt. Now that takes commitment.