These billionaires were on top of the world before declaring bankruptcy or losing a majority of their money.
Once some of the richest people in the world, these billionaires were all broke or declared bankruptcy at one point in their lives. Former billionaires Bernie Madoff, Allen Stanford, and Eike Batista have all served jail time for financial-related crimes, while others lost their fortunes due to other circumstances. We rounded up 10 famous billionaires who went broke or declared bankruptcy, plus the wild stories of how they lost it all or how their companies went under.
Once some of the richest people in the world, these billionaires were all broke or declared bankruptcy at one point in their lives. Former billionaires Bernie Madoff, Allen Stanford, and Eike Batista have all served jail time for financial-related crimes, while others lost their fortunes due to other circumstances. We rounded up 10 famous billionaires who went broke or declared bankruptcy, plus the wild stories of how they lost it all or how their companies went under.
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