Celebrities Who Went Broke After Achieving Fame and Fortune

Poet and songwriter Leonard Cohen gave the world “Hallelujah” and “Suzanne.” In the 1990s, the Canadian star stepped away from fame to live in a Buddhist monastery for five years. While he was gone, he trusted his longtime manager to take care of his money.

In 2004, Cohen discovered that about $5 million had disappeared, leaving him with almost nothing. He won a lawsuit but could never collect the money. So at age 73, he went back on tour. His concerts became a huge worldwide success and restored his fortune.