26 celebrities who went from rich to broke

Celebrities may live the high life with their extravagant meals and million-dollar pursuits, but many of the world's wealthiest stars have found themselves losing everything in the blink of an eye.

This sudden change in fortunes can be blamed on bad luck, harmful acquaintances and more often than not - a lack of financial know-how.

When celebs go from mere nobodys to earning $60 million a year, they often find themselves struggling to keep up with tax payments and an ever growing appetite for the big-dollar lifestyle. As a result, rich and wealthy celebs like Mike Tyson and Lindsay Lohan have found themselves spending more money than they actually own.

Here are the stories behind 26 celebrities who found themselves suddenly broke.