Michael Jackson
Michael Jackson, also known as The King of Pop- was supposedly $400 million in debt when he unexpectedly died in 2009. His famous Neverland home was also very close to foreclosure.
Jackson was forced to take out loans, due to large amounts of spending- which was never paid back. Jackson was also involved in many expensive lawsuits, which only worsened his money situation.
Before Jackson had died, he had planned on touring to get out of debt. His estate resolved the financial problems, and Jackson has been the top-earning dead celebrity consecutively for five years.
