You Won’t Believe: The Top 14 Poorest Celebrities

Most of us associate celebrities with fame, fortune, and especially money. However, there are many celebrities that are facing financial problems because of bad investments or frivolous spending. With the large amount of money that celebrities generate, one would think they would not have any financial problems. Here are the 14 poorest celebrities that may have less money than you:
Allen Iverson

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Photo by Keith Allison

1. Allen Iverson

Allen Iverson, an 11 time NBA All-star who was rookie of the year in 1996, earned more than $200 million during his basketball career. The infamous “thug cornrows” were made popular because of Iverson. However, in 2012 Iverson lost his fortune due to frivolous spending. The former basketball star was in debt to a jeweler for around $860,000. Iverson also had a gambling problem, which contributed to his loss of funds. It was reported that Iverson lost over $1 million gambling in Atlantic City, in one night. In 2008, Iverson purchased a luxurious mansion in Denver for almost $4 million, which was sold for $2.85 million during foreclosure. The basketball star also lost his mansion in Atlanta during foreclosure, which was sold at half the price Iverson purchased the property for.