As Biggie Smalls once said, “mo money, mo problems”. It turns out that for these successful multi-million and billionaires, the problem was keeping the wealth they had acquired over time. While being excellent entrepreneurs has allowed them to rise to financial success, several speed bumps have caused them to fall off their empires. And when you’re sitting that high up on the top, well, let’s just say it’s a long way down. Here are the top millionaires and billionaires who lost it all:
Jordan Belfort was once a successful stockbroker. Belfort lived the high life, partying on his various yachts and planes with gorgeous women. At the age of 25, Belfort was reported to be making $250 million through his stockbroking firm Stratton Oakmont, which was also the inspiration behind the Vin Diesel movie Boiler Room, Belftort’s fortune was quickly stripped however when the FBi pinned him for securities fraud and money laundering. After being released from jail, Belfort was ordered to pay back the 100 millions of dollars he owed other stock brokers.
Since then, Belfort has decided to turn his life around by penning New York Best Seller “Catching The Wolf of Wall Street”, which became the inspiration for Leonardo DiCaprio’s Wolf of Wall Street. Of all of the broke millionaires on this, Belfort was probably one of the more successful ones in turning his life around.