16 famous people who bounced back after being broke or bankrupt

The rich and famous can afford the best things in life.However, some of them barely had any money to their name before they achieved success, while others got into financial difficulty after making their riches.We used our own research as well as data from Gocompare.com's "There and Back Again" project to find out which celebrities have made dramatic comebacks.From Will Smith to Lady Gaga, a surprising amount of famous names have filed foror been close to filing forbankruptcy at some point in their lives.Scroll down to see 16 successful people who managed to bounce back from being brokeor even officially bankrupt.Will Smith owed $2.8 million (2.1 million) to the IRS.In 1985, Will Smith teamed up with DJ Jazzy Jeff, and their first album "He's the DJ, I'm the Rapper" went multi-platinum in 1989.Smith became a millionaire almost overnight, and went on a spending spree. However, he was then given a $2.8 million (2.1 million) bill by the Internal Revenue Service (IRS), and had to hand over practically everything he owned to pay offsome of the debt.Luckly, Smith landed the role as The Fresh Prince of Bel-Air about a year later, and managed to pay off the remainder, with the IRS charging him 70% on everything he earned. After three years, he was in the clear.Lady Gaga was technically bankrupt during her 2009 tour.During her 2009 Monsters Ball tour, Lady Gaga was technically bankrupt. She had $3 million (2.3 million) dollars to her name, and she threw it all into making the stage."I remember I went home and I was with my dad and he said, 'I don't understand. Bad Romance is out. You are all over the radio. Everyone is talking about you and you don't have a pot to p*ss in,'" she told The Mirror."I said, 'Just let me do this. Let me just put it on the stage because I think if I can do this I can get Arthur Fogel's attention.' And I did."After the show, Fogel and Live Nation wrote Gaga a $40 million (30.6 million) cheque.Mike Tyson was $23 million (18 million) in debt and filed for bankruptcy in 2003.Mike Tyson earned $400 million (307 million) over the course of his two-decade long boxing career. However, these earnings didn't last long, and Tyson filed for bankruptcy in 2003.He was $23 million (18 million) in debt thanks to a $9 million (6.9 million) divorce settlement, owing $13.4 million (10.3 million) to the IRS, and $4 million (3 million) to the British tax authorities.It took him over a decade, and a trip to rehab, to pull himself out of debt. Tyson now says he is out of the hole and has control over his life again, according to CNN.See the rest of the story at Business Insider
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