10 Celebrity Millionaires Who Lost It All

1. Kim Basinger

As if being married to Alec Baldwin wasn't punishment enough, Basinger has made her fair share of poor financial decisions.

In 1989, Basinger purchased the entire town of Braselton, Georgia for $20 million dollars with the hopes of turning it into a tourist attraction. As you can probably guess based on the fact that you have never heard of Braselton, it failed and Basinger had to sell off most of the town.

However, Basinger's other financial difficulties in the early 90's may have contributed to her selling Braselton. Basinger verbally agreed to play the lead in the film, Boxing Helena. At the 11th hour, Basinger dropped out and the film's producers sued her. And they won. Basinger was order to pay just over $8 million dollars. Basinger filed for bankruptcy and appealed the case. She finally settled with the producers and ended up paying $3.8 million.

Oh also, Boxing Helena is about an amputee fetishist. Please search it.