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Celebrities are often portrayed as living the high life. While it is true to some extent, there have been celebrities that were not as fortunate as others. From Oscar Wilde to Judy Garland, many celebrities died broke for various reasons. Bela Lugosi, for instance, died broke due to alcoholism.
Famous As: Inventor, Engineer & Futurist, Who Obtained Over 300 Patents
Nikola Tesla made millions of dollars for the Westinghouse Electric Corporation but decided to take only $216,600 as a one-time payment from the company. He lost most of his money in 1901 when he dreamed of supplying free electricity by means of the Wardenclyffe Tower Project. The project failed and drained Tesla's wealth, leaving him broke, at the time of his death, in 1943.
Famous As: One of the Greatest and Most Influential Boxers of All Time.
Although Joe Louis earned more than $4.6 million during his illustrious boxing career, he received only about $800,000 as most of the money went to his handlers. Nevertheless, he was generous to his family and invested in many businesses, a decision which he would go on to regret later. At the time of his death, Louis owed the IRS $1.25 million, which was never paid.
Famous As: Best Known for Her Portrayal of 'Dorothy Gale' in the Movie 'The Wizard of Oz'
Despite earning almost $55,000 a week at the peak of her career, Judy Garland lost thousands of dollars due to a lack of business sense and wrong investments. Her lavish lifestyle and drug addiction left her broke and she ended up owing money to many people. At the time of her demise, Garland owed the Internal Revenue Service (IRS) thousands of dollars and her total debt was estimated to be around $4 million.
Famous As: Writer and Poet - Widely Regarded as a Central Figure of Romanticism in the United States
Although Edgar Allan Poe is one of the most read poets of all time, he did not make much money during his lifetime. He was mostly broke throughout his life and made only $6,200 in his lifetime. Four days before his death, Poe was found deranged in Baltimore and was not even wearing his own clothes. He died on October 7, 1849, at the Washington Medical College and the cause of his demise remains a mystery.
Famous As: Singer, Dancer and Actor Known for His Song ‘The Candy Man’
Although Sammy Davis Jr. made over $50 million during his illustrious career, he owed the Internal Revenue Service (IRS) $5.2 million which had increased to more than $7 million over the years. At the time of his death in 1990, his wife Altovise Davis inherited a bulk of his estate, which was valued at $4 million. However, she was liable for his debt and had to auction his real estate and personal possessions before reaching a settlement with the IRS in 1997.