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Celebrities Who Can No Longer Afford Their Glamorous Lifestyles

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Meat Loaf

Meat Loaf

In the late ‘70s, Meatloaf was a huge success- starring in “Rocky Horror Picture Show” and releasing his hit album “Bat Out of Hell.” But the ‘80s were less than friendly to Meat loaf.

Meat Loaf discussed with Guardian: “I had 45 lawsuits totaling $80 million thrown at me, it was a game. And the only way to stop them playing their game was to declare a chapter 11 bankruptcy. Because every time we’d get one case dismissed, they’d throw another one at me. And everybody thinks I had all this money but I didn’t, because CBS did not pay my royalties until 1997.”

He luckily was able to turn things around in the ’90s. As Meatloaf would say, being successful in two out of three decades “Ain’t bad.”