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10 Great Celebrities Who Went Broke
By siliconindia
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Saturday, 29 October 2011, 01:08 IST
Burt Reynolds:
Burt Reynolds, an American actor underwent a miserable state due to his bad luck and hasty decisions. The Smokey and the bandit star claimed bankruptcy in 1966 and had a debt worth around $20 million. He possessed mansions, helicopter and a bountiful Florida ranch. His investment in two chain restaurants in 1980s and losing his fame and a bad drop in his box office busted his financial condition. He was forced to sell his trade mark mustache to pay his debts but managed to keep his Florida ranch worth $2.5 million.
