20 business icons who went broke

The lives of the rich go from boom to bust surprisingly often. Here are 20 stories of success found and lost (and sometimes found again), from worlds as diverse as Wall Street, rap music, baking and the big top, using Bing to help tell them.

MSN Money staff

 of 22

VIDEO ON MSN MONEY

49Comments
Oct 19, 2012 10:53PM
avatar
Bernie Madoff is not a business icon, he's a scumbag, POS thief.
Oct 16, 2012 3:12PM
avatar
JohnDavidHunt007@yahoo.com
The Federal Reserve System has been causing havoc and fraud since the New York bank cartel signed up with the government allowing the cartel to exist when a law was passed 12-22-1913.  FRS has caused so many ups and downs in the market, buying bonds with money that they print when they think some of the banks or businesses or countries need money - this country has been boosted by trillions of Federal Reserve Notes created with no intrinsic real value behind them.  USA is nearly bankrupt, the FRS has never been audited in the 99 years it has been in business.  It is not Federal, there are no reserves, and it is not a bank or system.  FRAUD has been committed by our government since the above date.  That is a big part of how famous people end up broke - no FDS handouts or bailouts.

Oct 15, 2012 10:34PM
avatar
Great to see Suge Knight made the list ! It says "links to violence..." Are you kidding me ? He went to jail for it. All the dummy rappers played gangster with him, then woke up one day and realized they weren't getting paid despite selling millions of records !  
Oct 22, 2012 6:09AM
avatar
Bernie Madoff is not a business icon he is just a common thief
avatar
Am I the only one who is SICK and tired of MSN and there stupid BING search engine?   I mean come on if you are going to give me a link to click on at least make sure it takes  me to what I want.  Noooooooo instead you want to increase your traffic so I have to click on about 20 buttons.  Rediculous.....Google keeps looking better.
Oct 15, 2012 10:24PM
avatar
The common denominator for all of these failures is arrogance.  Arrogance pushes the greed to where it becomes all-consuming.  And, quite often, the arrogance becomes self-sustaining until the whole house of cards suddenly collapses.  Sic transit gloria.
avatar
Why would you have a THIEF listed?  (Bernie)  You should list anyone who robbed a bank then.
Oct 15, 2012 9:13PM
avatar
ken lay is not dead.he lives u7nder a new identity
Oct 19, 2012 10:54PM
avatar
Wally Amos laughed all the way to the bank.  He retired in Kailua Hawaii and had another store called Cookie and Chip.  Great guy who gives back to the community.
Oct 16, 2012 4:35PM
avatar
Reminds me of the time Homer Simpson went broke buying pumpkin futures the day after Halloween.
Oct 22, 2012 10:54AM
avatar

Madoff should have been executed and those responsible for investigating allegations and did nothing should be executed along with him.  $65 billion theft is enough to almost destroy American's confodence in the market and I know many who will never get in the market again.

 

They see it as run by crooks on Wall Street. 

Oct 22, 2012 9:50AM
avatar
What difference does it make how much money you have when you die?  You can't spend it anymore.
Oct 20, 2012 1:21AM
avatar
Ford didn't "go broke" with the Detroit Automobile Company.  He was fired by his financiers because he was more interested in building race cars than production cars.  The financiers hired Henry Leland to take over the company, which became Cadillac.  Leland later formed Lincoln, and Ford derived much satisfaction in purchasing Lincoln when the company got in financial trouble.
Oct 16, 2012 2:44PM
avatar

some of the group were jokers. some crooks. others, unlucky.

 

the fickle finger of fate.

Oct 16, 2012 2:42PM
avatar
good thing that ford could reorganize after his first flop or, you know, maybe we'd be driving stanley steamers.
Oct 20, 2012 1:14AM
avatar
barnum circus has been around a very long time and always a great show for kids to see....more later world..
Oct 22, 2012 10:49AM
avatar
Maddof was a crook period, crooked Jew..
Oct 22, 2012 1:16PM
avatar

Next month Obama will be on this list

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

Watchlist

Symbol
Last
Change
Shares
Quotes delayed at least 15 min

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] S&P futures vs fair value: +4.90. Nasdaq futures vs fair value: +13.50. U.S. equity futures trade modestly higher amid upbeat action overseas. The S&P 500 futures hover five points above fair value. The global risk appetite got a boost overnight after the results of the Scottish independence referendum revealed a 55-45 vote in favor of remaining in the UK. The pound saw a brief extension of its recent rally before surrendering its overnight advance. The pound/dollar ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.