7 celebrities went broke

We all remember when Michael Jackson passed away, and it was a very sad time. Despite the fact that he was the most successful entertainer in the history of pop culture, Jackson spent money like there was no tomorrow. The most notable home in the United States at one point was the Neverland Ranch.It was a pretty cool place to see, but it cost over $10 million per year just to keep it going since there was a small amusement park located inside of the estate. Jackson had to take out an enormous loan to keep Neverland Ranch operating, but could no longer afford to keep up on payments. The huge debts left his children with almost nothing after Jackson passed away.