Celebrities who Lost It All #1 Kim Basinger
Kim Basinger has made her share of poor financial decisions; in 1989, she bought the entire town of Braselton in Georgia for $20 million with the project of turning it into a tourist attraction. Based on the fact that it was a totally insignificant and unknown city her plan failed and she had to sell off most of the town.
She also had to pay a film production company who sued her for failing to honor her verbal commitment to star in the movie “Boxing Helena”. Imagine you quit your job and it costs you $9 million, this is what Kim had to pay the company. After the sentence, she filed for bankruptcy, appealed the case, and settled for a lower $3.8 million.
