9 Incredibly Wealthy People Who Blew Their Fortunes

The Wheel of Fortune is perhaps one of the most recognisable, iconic images found on the tarot cards. The Wheel of Fortune represents how things can change suddenly, at any moment. Though you may find yourself at the top surprisingly quickly, you could just as easily find yourself at the bottom in the next breath. The wheel can shift at any time and change your fortune. This analogy serves as a warning that we all shouldn't take good fortune - financial or circumstantial - for granted.

There's a lot of hard work involved in making a whole lot of money, but there's also a huge level of luck involved and - as we all know - luck can change quickly. There are people out there worth mind boggling amounts of money, but nobody's really invincible. There are many multi-millionaires and billionaires through the years who've reached the top and then fallen hard. Below we've taken a look at some of the wealthiest people on the planet who managed to blow their fortunes in almost as spectacular a manner as they made them. While some of them managed to keep their heads above water, and some bounced back even better than before, money troubles unfortunately proved too much for a few unfortunate and irresponsible one-time millionaires on this list.

9 Anna Nicole Smith

8 Evander Holyfield

7 Mike Tyson

6 Kim Basinger

5 Sarah Ferguson

4 Nicolas Cage

3 Björgólfur Guðmundsson


2 Michael Jackson


1 Sean Quinn

Sean Quinn was once Ireland’s wealthiest man, and had a true rags-to-riches road to fortune. In just a few short years, Quinn turned a small bank loan into a billion dollar business empire that dabbled in manufacturing, mining and insurance. However, Quinn was another fatality of the banking crisis. He made a fatal decision when he chose to invest in a 25% stake in Anglo Irish Bank (AIB) back in 2008. At the time, the economy was hurtling towards the massive global recession, but Quinn had no knowledge of this. Soon after his investment, AIB was in ruins. This turn of the economic tide absorbed all of Quinn’s $6 billion fortune, meaning that Quinn suffered the biggest recession-caused financial loss in the entire world.

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9 Incredibly Wealthy People Who Blew Their Fortunes