When Kanye West announced that he was $53 million in debt, we all raised an eyebrow. How can someone who makes millions get that far behind on their bills? Well, as it turns out, Kanye West was speaking figuratively about his massive bills. That $53 million is the amount that he’s invested in his own companies. And if he can get Mark Zuckerberg to invest that cool billion in him, his financial house will soon be in order.
But the rest of the celebrities on this list aren’t just broke because of investments. These stars managed to get themselves into mind-boggling amounts of debt. Everything from American Internal Revenue Service (IRS) debt to balling out of control helped these stars find themselves millions of dollars in a hole. What’s even more unbelievable? How some of these stars managed to work their way out of their debt. Meg Butler of madamenoire.com writes.