Yahoo Finance

We're obsessed with celebrity gossip -- watching stars react to internet trolls, scrolling through "most hated celebrities" lists, wondering to ourselves, "Why do people hate Nickelback?" But our favorite type of drama revolves around how some of the richest, most famous people in Hollywood became broke.

Read: 24 Celebrities Who Tried and Failed To Start New Careers

Over-the-top spending, tax troubles, legal battles and launching new careers can all eat away at even the most enormous fortunes, as many of the celebs on this list found out.

Last updated: Feb. 8, 2021

Image Credits: Alberto E. Rodriguez / Getty Images