While they managed to amass a huge fortune during their heyday, these popular musicians, actors and TV personalities lost a lot of money due to bad spending habits or other personal issues.
- Dec 11, 2022
AceShowbiz - Rising to fame as a teen pop star in the late 1990s, Aaron Carter was able to start early in making money. After releasing his self-titled debut album in 1997 at age nine, he sold a million copies worldwide, with more hits like "I Want Candy", "Aaron's Party (Come Get It)" and "That's How I Beat Shaq" coming in the following years. In a 2016 interview with Oprah Winfrey, he claimed that he had a net worth of $200 million during his prime.
However, like many other former child stars, his popularity gradually declined and his initial worth also went down. The younger brother of Nick Carter started having financial troubles as early as age 18, owing $3.5 million in tax liens. In 2013, he filed for bankruptcy and placed his assets at $8,232.16 while his total financial liabilities totaled more than $2.2 million. While he managed to come out of the worst, he only left behind $550,000 at the time of his death on November 5.
