Just imagine what you would do if you had a billion of dollars. The people I am going to talk about know what having a lot of money is. However, for some reasons, maybe for the itch to do something with those easy millions of dollars, some celebrities have a knack for making some pretty bad business decisions. Today we will focus on such unlucky business owners, enjoy the list and celebrities on video right now. Paris Hilton. Her grandfather owned as much as $2.3 billion. All she had to do was behave herself in order to receive part, but she just couldn’t seem to do that. Granted, Hilton wouldn’t have gotten all of that money, her take resulted only $5 million. The rest her grandfather decided to give to charity instead. Besides, Paris has been accused for millions of dollars several times. I just wonder how she will end up.
Kim Bassinger. The actress and just a rich woman made a huge mistake buying…not a house or an expensive sports car, but the whole town. Buying the small town of Braselton (happen to have its postcards?), Georgia for $20 million, with the dream of turning it into a tourist attraction that featured movie studios and a film festival, was a massive failure for Kim Basinger. She ended up selling it for only $1 million and later declared bankruptcy.
There are also men in the list. Here are some of them. Stan Lee. In 1998 comic book creator Stan Lee founded an Internet-based company, which was quickly burning through more than $20 million in cash and only producing $1 million in revenue. That was the beginning of the end.
Marion ‘Suge’ Knight. Knight’s Death Row Records dominated the music charts in the early 1990s. A few years later the rapper was imprisoned for parole violating. That was when things started going the worst way. He was sentenced to nine years but was released in 2001. He then was sent to jail again in 2003 when he struck a parking lot attendant. While in prison, Knight’s money problems escalated. He was ordered to pay $107 million to a woman who claimed a 50% ownership stake in Death Row Records.
