Celebrities are often looked upon for their extravagant lifestyles. But here are 30 instances that prove all of the glitz and glamour can vanish in no time. Some of these stars spent their fortune recklessly while for some, it was their poor financial choices that cost them heavily. Some others, on the other hand, were struck by poor luck with their careers.

1. Wayne Newton

Las Vegas’ most popular entertainer Wayne Newton has been struggling financially for decades now and had filed for bankruptcy way back in 1992 itself, $20 million in debt. He was also sued for approximately $2 million unpaid taxes by the IRS.