With great money comes the responsibility to repay the money. Here is a list of few Indian Celebrities who went bankrupt. There was a time once when these people had money raining in there balconies but then ‘life’ happened and now they the banks/government a lot. Few raised from the phase and conquered the world while few just.. We hope they even make a strong comeback.
1. Vijay Mallya
The King of Good Times and the Indian version of Richard Branson, is being chased by almost every institution in the country these days, with Kingfisher Airlines declared bankrupt by the banks, regulators and, finally, the Judiciary — for the Rs 9,000 crores he owes to the lenders. But from Beer to F1 racing, Mallya sure has a lot of money minting businesses in hand. So we are guessing it won’t be long before Mallya gets back to his ‘good times’.
2. Raj kapoor
Raj Kapoor’s legendary movie ‘Mera Naam Joker’ almost left him bankrupt. The film was expensive and it had taken almost 6 years to finish it. But when it finally released, it failed at the box office and left Raj Kapoor and his studio nearly bankrupt.
Sad isn’t it !
3. A K Hangal
He acted in famous movies like ‘Sholay’ and ‘Aaina,’ but at the end this 95-year-old veteran actor A K Hangal was bankrupt and unable to even pay his medical bills. Celebs like Jaya Bachchan and Salman Khan, and Cine and TV Artistes Association (CINTAA), tried helping him off his financial crisis.
4. Bharat Bhushan
A veteran actor who worked opposite Nutan, Madhubala and Meena Kumari and many more was left bankrupt in the later years of his life. He is most popularly known for his movie ‘Baiju Bawra’ but lost all his wealth because of gambling.
5. Jackie Shroff
This once-successful actor had to face the brunt of failure when his career was not sailing smoothly. In 2008, he took a loan from Sajid Nadiawala, which he was unable to pay in the following years. As a result, Sajid even sought taking legal action to recover the due amount. However, Salman Khan saved Jackie from further dismay and he eventually sold off his flats to pay off the loan.
“Golden heart for a reason”
6. Shweta Basu Prasad
Known for her award winning performance in the movie ‘Makdee’ and being caught in a sex racket at the age of 23, Shweta saw glory and nightmares both. Reports were that she supposedly took that step after running out of money. Though all claims were later declined, but it definitely shocked the industry.
7. Amitabh Bachchan
Last but not the least, the ‘Shahenshah’ of Bollywood too suffered a major blow when his company ABCL declared bankruptcy and was over 90 crores in debt. As a result, he had to even put his bungalow, Prateeksha, for mortgage. Thanks to his successful stint with KBC, he was able to pay all his debts and there has been no looking back for him since then.