Famous People Who Filed For Bankruptcy
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Today I heard an interesting blurb on the radio talking about famous people who have filed for bankruptcy. I was only able to catch the tail end of the segment, but the names I did hear caught me by surprise. Many of these people have gone on to be very successful either in business, entertainment, or politics. After hearing this short list of people, I decided to do a little research on the web and find other famous people who have filed for bankruptcy. Below is a short list of well know names that filed for financial relief.
- Thomas Jefferson - 3rd President of the United States
- Walt Disney - Creator of Mickey Mouse
- Larry King - famous talk show host
- Donald Trump - business mogul
- Elton John - singer and song writer
- Milton Hershey - chocolate mogul
- Mark Twain - author
- Abraham Lincoln - 16th President of the United States
- Henry Ford - Founder of Ford Motor Company
- William Fox - Founder of 20th Century Fox Film Corporation
This is just a short list of the many famous people that have filed for bankruptcy. As you can see, many of these people have had very successful careers and even held the office of President. Who would have thought that Abraham Lincoln filed for bankruptcy? Despite the challenges that might be facing you in today’s economic recession, it’s good to know that with perseverance, drive, and will, you can still achieve great things. Hopefully you found this list as interesting as I did. If you know of any other famous people who filed for bankruptcy we’d love to hear about them in our comments section below.
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7 Comments on this post
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Christina said:
This is an interesting list. I think it’s pretty rare for folks to go from bankruptcy to fame. Uusually it’s the other way around (MC Hammer comes to mind).
December 2nd, 2008 at 7:11 am -
Dan said:
Nice list…didn’t know about Larry King. Must be the 5 ex wives…
December 2nd, 2008 at 11:57 am -
Justin said:
@Christina, not to mention Mike Tyson!
December 2nd, 2008 at 8:22 pm -
Chris said:
Here’s a few additions:
Burt Reynolds, Kim Basinger, and Henry John Heinz
The cool thing is, most of the people who became rich AFTER going bankrupt would probably say that they would not have been so successful if it wasn’t for their failures and the experience of going bankrupt.
December 3rd, 2008 at 8:17 am -
Chetan said:
There’s a famous saying which goes something like - “Stretch your legs only as far as your blanket goes”. You may have heard it stated in a different way, but the underlying principle remains the same.
In other words, spend only as much as you earn and avoid bankruptcy.
December 3rd, 2008 at 10:23 am -
Justin said:
@ Chris
Thanks for those other names. I know that in my personal experience, I’ve learned far more with failure then success.December 4th, 2008 at 10:30 pm -
Justin said:
@ Chetan
There is no doubt that people should only spend what is within their means; I couldn’t agree with you more. Bankruptcy isn’t going to make you wealthy, but perseverance will.December 4th, 2008 at 10:31 pm
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