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Famous People Who Had Multi-Million Dollar Car Collection But Lost It All| TAKE A LOOK

Lynda

Aug. 03, 2020

You'd think you'd be set for life once you hit super stardom with millions in the bank, right? That wasn't the case for these celebrities. For many people, collecting cars isn't just a hobby. This is a way of life for enthusiasts who pour energy, time, and money into enjoying exotic vehicles. For lucky collectors, this passion becomes a side gig that brings in cash. The idea of owning one car is just boring, people want diversity. When we have only one vehicle, we start to nitpick about everything.
With more vehicles, collectors appreciate them individually, and their little cons don't get to them. And many people don't have a daily driver. Instead, they change it up every few days or weeks. Celebrities, who also happen to be car collectors, enjoy the finest things in life. From first-class flights to lavish homes, spending money is their second nature. On top of that, they have the most impressive car collections in the world.
Check out these famous people who had million-dollar car collections and lost it all;
10. Johnny Depp
Johnny Depp once spent $3 million to fire Hunter S. Thompson’s ashes out of a cannon. Reports indicate that he owned over 40 fancy cars. However, he has suffered serious financial drawbacks and had to sell many of them. These include the Rolls Royce Wraith, Chevrolet Nova, Ferrari 488 and Lamborghini Aventador.
9. 50 Cent
In 2015, Forbes named 50 Cent one of the 5 wealthiest hip-hop artists. But poor investments put his fortune in jeopardy. 50 Cent also had the flashy car collection which featured 2 Chevrolet Suburbans, a cobalt blue Lamborghini Murielago, and a Bentley Mulsanne. Many of his cars had to hit an auction block.
8. Joe Francis
Joe Francis made a fortune out of selling videos of girls on late-night TV. The questionable scheme worked for some time, but the empire crumbled because of legal difficulties. He couldn't support the lifestyle he aspired to. Joe Francis had to flee to live in Mexico only taking cash and one car with him.
7. Aaron Carter
Aaron Carter is known for being a teen pop singer and loving guns and cars. He had an impressive collection of both and could afford almost any vehicle. However, he missed the message that you have to pay taxes. In 2013, he was $2 million in debt and had to file for bankruptcy.
6. Teresa Giudice
Teresa Giudice is the Real Housewives of New Jersey star who once could gift a new BMW to her daughter and drive a Lexus and a Cadillac Escalade. However, it was found that she is hiding some of her assets. She ended up serving time in federal prison. Now, she is paying back taxes.
5.  David Cassidy
David Cassidy was an American actor and singer. He also loved cars and was photographed often around them. He especially loved his 1972 Vette coupe and Chamonix White BMW 3.0 CS. However, he had problems with alcohol and was charged with a DUI many times. By 2015, he was broke.
4. Mike Tyson
Mike Tyson is known as one of the greatest boxers. He once bought a Ferrari and drove through a convenience store window. He also owned the Hummer H2, the Aston-Martin Lagonda and the Rolls-Royce Stretch Limousine. However, his debts included a $17.4 million in tax liabilities and a $9 million divorce settlement.
3. Wayne Newton
Wayne Newton is one of the best entertainers in Las Vegas who once had 20 exotic cars in his garage, including Rolls-Royces and Bentleys. However, he had $20 million in debt, a side effect of his lifestyle. He had to keep working just to pay off the debt and afford plastic surgery bills.
2. Michael Vick
Gifted NFL quarterback Michael Vick once had a fleet of high-end cars – a 2013 Infiniti QX56, 2012 Cadillac Escalade EXT, 2012 Jaguar XJB, 2012 Lexus LX570 and 2012 Audi ABL. However, he is known for the horrifying dog fighting scandal that tainted his legacy and brought his career to a halt.
1. Nicolas Cage
Nicolas Cage had at least 19 luxury cars and 1 motorcycle. His collection included a 1964 Rolls-Royce Silver Cloud III, a 2003 Ferrari Enzo, and a 1958 Ferrari 250 GT Pininfarina. He tried to accumulate as many exotic machines as possible. It shouldn't come as a surprise that he had to sell off almost everything.
Watch the video below;
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