Other than lucky lottery winners, athletes, and bank robbers, Hollywood celebrities are one of the biggest group of people that can accumulate wealth in a short amount of time. Nonetheless, this particular group of people is notorious for excessive spending. Their massive seven-figure incomes rarely cushion them from impending doom since most of them wind up bankrupt due to bad investments, poor financial decision-making, and extravagant living. Fortunately, their celebrity status sometimes helps them recover, but for the most part, most celebrities on our list ended up filing for bankruptcy.
Johnny Depp is undoubtedly one of Hollywood’s most talented actors, famous for his role as Jack Sparrow in the Pirates of the Caribbean franchise. According to his financial advisors and agents, Depp had accumulated more than $600 million throughout his career, most of which was squandered on unnecessary expenditure. In 2017, Depp filed a lawsuit against his agents alleging mismanagement of funds that nearly led him into bankruptcy. Similarly, his agents filed a counter lawsuit highlighting Depp’s luxurious living that included a $30,000 a month wine budget and $150,000 a month security package.