Famous People Who Lost It All
Yes, we’re in tough economic times. However, we don’t have to sit around worrying about going broke all the time, or worry that things will never get better. As a matter of fact, there are numerous times when this type of thing has happened, and some very famous people have recovered from losing it all. That’s the premise of a news article in PopCrunch titled Bankrupt! 65 Famous People Who Lost It All.
Of course, in their story, some people lost it all and that was that. However, for my purposes, I’d like to highlight a few people who lost it all, then came back. However, if you’d like, check out the above story for more.
P. T. Barnum, the famous circus impresario, actually went bankrupt many years earlier when loans he’d made to a company working on developing East Bridgeport, Connecticut, went under, and he went under with them. However, he had built up great goodwill over his years, and many of his friends came together to help him raise money so that he could start over again, and the rest is history.
Francis Ford Coppola came back from bankruptcy twice. The first time, he was $300,000 in bankruptcy when The Godfather came out. The second time he had to declare bankruptcy when his movie One From The Heart (which I actually liked, though it was odd) flopped, and he had to borrow money from his mother to continue. However, he recovered quite nicely afterwards.
David Crosby had to file for bankruptcy in 1985 after his solo career wasn’t going so well. Of course, get back with your buds, record both a number one album and single, and it’s the good times once more.
Walt Disney had to declare bankruptcy after a company he was trying to start called Laugh-O-Gram failed after a couple of years in business (a precursor to singing telegrams; anyone still know what a telegram is?), and he left for Hollywoord, came up with a cartoon mouse, and the world changed forever.
Milton Hershey, the chocolate magnate, actually declared bankruptcy after four initial tries at starting a candy company, but he showed that perseverance in a dream could pay off, and, well, Hershey’s chocolate is one of my favorites.
Larry King had to declare bankruptcy in 1978, even though he was working in radio at the time, pounding away at the same career that he gets multi-millions a year for now at CNN.
Finally, two presidents had to file for bankruptcy in their lives, another one came close, and one of those after he got out of office, which would never happen in today’s world. Well, it might, if they exhibited behavior like Ulysses Grant, who had a major drinking problem, then developed cancer. He had to write a memoir to get out of bankruptcy not all that soon before he passed away. Abraham Lincoln actually was probably the one president with the most failures in his life, which included bankruptcy in 1833, and didn’t really find success until 1856, which led to him not only becoming president, but being named one of the top 10 presidents in history. Harry Truman came close to declaring bankruptcy when his haberdashery store went bust, but he found a way to pay all his bills and get out of debt.
There you go, some people who failed, then came back. The moral of this story is to never give up; you always have another chance to be someone special.