Dionne Warwick
Warwick's voice is one of the most recognizable in history, but despite her history of being a successful singer, she filed for bankruptcy in 2013. She was roughly $10 million in debt and had a net worth of just $25,000 at the time. Since then, Dionne Warwick built up a significant amount of personal wealth due to frugal saving techniques, and now she is worth around $10 million.
Tom Petty
Tom Petty declared bankruptcy in 1979. He wasn't broke; the stint was just a legal paly to get himself out of an exploitative contract with a record label that refused to pay him due to internal debt. They pocketed 100% of the cash that he earned for them (which was millions) while claiming that they were deeply in debt and needed a bailout. Petty filed for bankruptcy to get the attention of the IRS and the Better Business Bureau. He ended up winning the case, shutting down the label, and claiming all of his lost profits.
Advertisement