When Michael Jackson died in 2009, he was between $400 and $500 million in debt.
According to a forensic accountant who testified in Jackson’s wrongful death trial, Michael Jackson was between $400 million and $500 million in debt at the time of his death in 2009.
Michael Jackson’s debt has been attributed to several factors, including his lavish lifestyle, expensive lawsuits, and declining record sales. He was also charged with child sexual abuse, which had a negative impact on his career and finances.
However, his property has been able to solve financial problems since his death. They earned a lot of money posthumously releasing his music and merchandise. As well as from touring with his holograms, Michael Jackson is the highest earning celebrity since 2012.
Mike Tyson earned an estimated $400 million over his boxing career. However, he filed for bankruptcy in 2003 with debts of $23
Tyson has earned a reputation for living a lavish lifestyle. He spent millions of dollars on cars, jewelry, and other luxuries. He also owned several homes, including a 22-acre property in Connecticut.
Tyson has been involved in numerous lawsuits that have cost him millions of dollars. In 1992 he was convicted of rape and sentenced to six years in prison. He also faced several civil lawsuits, including one from a former bodyguard who accused him of assault.
Tyson paid millions of dollars in taxes to the IRS. He struggled to pay his taxes for years and the IRS eventually filed a lien on his assets.
Stephen Baldwin filed for Chapter 11 bankruptcy in July 2009
Baldwin was famous for leading a luxurious lifestyle. He spent millions on cars, jewelry and other luxuries. He also owned several homes, including a $1.2 million house in Nyack, New York.
Baldwin’s career was on the decline in the years leading up to his bankruptcy filing. Since 2006, he hadn’t had a major film role and his earnings had dropped significantly. Baldwin reportedly had poor financial management skills. He hadn’t filed taxes for several years and hadn’t paid a mortgage.
Stephen Baldwin, brother of actor Alec Baldwin, filed for Chapter 11 bankruptcy in July 2009 with more than $2 million in debt. The debt includes $1 million in unpaid taxes, $700,000 in credit card debt, and $400,000 in mortgage debt.
However, Baldwin’s financial troubles did not end with his bankruptcy filing. In 2017, his home in Nyack, New York, was foreclosed on after he failed to make mortgage payments for six years. Baldwin was also arrested in 2012 for failing to pay taxes for three consecutive years. He served five years’ probation as a result of his conviction.