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

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VIDEO ON MSN MONEY

49Comments
Oct 22, 2012 1:54PM
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Thomas Jefferson was a hypocrite in every sense of the word!
Oct 22, 2012 1:16PM
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Next month Obama will be on this list

Oct 22, 2012 12:45PM
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OOps - didn't quite complete the statement - BM is exactly waht his initials stand for - he and his family and cohorts should rot in hell for the suffering they caused. Forever.

 

The same for those who may be pulling schemes off schemes as I write this.

Oct 22, 2012 12:43PM
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They dont have to worry today...those big-wigs made one important purchase to protect them today and allow them to NEVER gpo bankrupt...they bought our government and use 311million pockets to pick clean at their leisure. Your living working wage is now under attack to pay for their poutsourcing ventures and they might get a new champion of outsourcing named Mitt to help them a wee bit more with their agenda....good luck america...
Oct 22, 2012 12:40PM
Oct 22, 2012 12:39PM
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Investing your money at one time was the thing to do, but today we hardly get any interest or dividends on what we save.

I know this all has to do with the economy.  I am not a professional and know just a fraction about investing, but I am not

happy with the turns on the investments I have made.   I do not have all my apples in one cart, diverisifed very well, but not making any money.  Only the very rich are making money on their investment because they have alot more than I  invested.  I will never re-coup what I lost during the Bush Administration,  and stil not making any during the Obama Administration.  There is no happy medium to this story.  I do have a Financial Advisor who has tried to help me with decisions, but he can't control the market.

 

Frustrated...............

Oct 22, 2012 11:30AM
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Madoff should not be on this list.  He was nothing but a thief who got caught. 
Oct 22, 2012 11:00AM
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Best to not bank or invest your money save precious minerals.  Use it to start business under the radar of tax boys.  Barter, keep money in safe at home, offshore like Romney.

 

I know you cant do anything about that 401 k that the company runs but other than that do everything without banks.

Oct 22, 2012 10:54AM
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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 10:49AM
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Maddof was a crook period, crooked Jew..
Oct 22, 2012 9:50AM
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What difference does it make how much money you have when you die?  You can't spend it anymore.
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Why would you have a THIEF listed?  (Bernie)  You should list anyone who robbed a bank then.
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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 22, 2012 6:09AM
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Bernie Madoff is not a business icon he is just a common thief
Oct 20, 2012 1:21AM
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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 20, 2012 1:14AM
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barnum circus has been around a very long time and always a great show for kids to see....more later world..
Oct 19, 2012 11:43PM
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Oh really famous amos is my favorite cookie <3
Oct 19, 2012 10:54PM
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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 19, 2012 10:53PM
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Bernie Madoff is not a business icon, he's a scumbag, POS thief.
Oct 19, 2012 10:49PM
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Thats a shame , I loved famous Amos cookies back in the day .

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