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24 celebrities who lost all their money

Business Insider Logo By Matthew Michaels,Angélica Acevedo of Business Insider | Slide 2 of 25: 
  The King of Pop was also 
  close to foreclosure on his famous Neverland home. 

  Large amounts of spending required Jackson to take out loans,
  many of which he never paid back. Jackson's money problems got
  worse once he was involved in numerous expensive lawsuits and
  interest on his debt increased. At the time of his death, a
  
  forensic accountant estimated that Jackson owed $400 to $500
  million.

  His estate has resolved the
  financial issues and Michael has been the top-earning dead celebrity
  since 2012.

Michael Jackson was reportedly at least $400 million in debt when he died unexpectedly in 2009.

The King of Pop was also close to foreclosure on his famous Neverland home.

Large amounts of spending required Jackson to take out loans, many of which he never paid back. Jackson's money problems got worse once he was involved in numerous expensive lawsuits and interest on his debt increased. At the time of his death, a forensic accountant estimated that Jackson owed $400 to $500 million.

His estate has resolved the financial issues and Michael has been the top-earning dead celebrity since 2012.

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