[ICYMI] – Empty pockets on the Kaya Central #Awesome4some
Some may think that the life of a famous singer is all champagne rivers, speed-boats, designer clothes and a steady flow of royalty payments to support the lavish lifestyles. This is certainly true for some, but there are also those who have reached mega-stardom, only to lose it all in the blink of an eye.
There are those who simply managed their money badly. Those who lost everything to the managers and promoters who were supposed to be looking after their affairs. And those who spent all their money on lavish mansions, expensive cars and various addictions. However, what they all have in common was a steep plunge from household name status into chapter 11 bankruptcy protection.
The #Awesome4some features 4 artists who filed for bankruptcy and includes:
Toni Braxton – who filed twice – in 1998 & 2010
TLC – A bad record deal and increased debts did nothing to help their situation
Marvin Gaye – filed for bankruptcy in 1978 after divorcing his first wife, Anna Gordy
Ron Isley – From the Isley Brothers filed in the early 90’s