Life stories of famous people who went bankrupt

😉 Gentlemen, stories from the lives of famous people are always of interest. This article contains 7 interesting bankruptcy stories with a happy ending. Hope you find it interesting.

The financial situation of a person is somewhat like the weather: today everything is sunny and clear, and then suddenly a thunderstorm and downpour. But the main thing is not to take the word “bankrupt” as a sentence and not to let the spirit drop.

You are not the first – you are not the last to lose money. In times of difficulty, you need to be equal to those who were able to pull themselves together and, despite the failures, still pay off all debts and continue to do what they love.

Amazing stories

Kim Basinger

Kim Basinger owed $ 1993 million to Main Line Pictures in 8,1. The reason was carelessness in the agreements. The actress verbally promised to play the lead role in the independent American film “Helen in the Box”.

However, the notion of oral contract in America does not take into account Kim’s changing creative tastes. After three years of legal red tape, Basinger managed to reduce the debt to $ 3,8 million. But this did not save her very much, she still had to declare bankruptcy.

In an interview, Basinger commented on the situation: “It would be better if my leg was cut off.” Interestingly, the film studio on Kim Basinger earned more than from the rental of the tape. Since that time, the actress has starred in many successful films and never got into similar situations.

Walt Disney

Walt Disney was fired by the editor-in-chief of a newspaper for lack of imagination and lack of good ideas. Then another fiasco awaited him. At 22, Walt Disney opened an animation studio called Laugh-o-gram Studio, which was not destined to become profitable. Walt had to declare bankruptcy.

Today the Disney brand is known all over the world, the characters of its cartoons do not lose popularity, and the Disneyland amusement park is almost the most popular in the world.

Donald Trump

“You are not a real entrepreneur if you have not been bankrupt at least once,” is a well-known expression that aptly describes the path of Donald Trump’s success. This is the 45th president (since January 20, 2017) of the United States and one of the richest businessmen on the planet, declared himself financially insolvent four times: in 1991, 1992, 2004 and 2009.

Trump often boasted that he knew how to use legislation to his advantage, and he also always managed to make sure that the banking conditions for repaying debt were as beneficial as possible for him.

Despite his defeats, Donald Trump has always managed not to lose control of the situation. Perhaps that’s why his books on how to be successful are swept off the shelves like hotcakes.

Mark Twain

Creative people are not always good at figuring out what to invest in. Mark Twain in 1894 became interested in science, due to unsuccessful investments of his funds in inventions, he was forced to declare himself bankrupt. However, one trouble does not come: in the same period, the publishing house of Mark Twain was closed, due to the economic crisis in the country.

To pay off all the debts, the writer had to move to Europe and earn lectures. Ultimately, in 1898, the author of The Adventures of Tom Sawyer managed to improve his financial situation.

Abraham Lincoln

Abraham Lincoln was recognized as a national hero of the United States. Indeed, the biography of the former president is an excellent subject for a motivational movie. In 1831, Lincoln went bankrupt for the first time with the business, but he did not measure up and tried a second time, but in 1834 his business had to be closed.

Abraham paid off debts for about 20 years. Despite the unsuccessful entrepreneurship, the future president of the United States also has 8 defeats in the elections.

But in 1860 he nevertheless became the president of America. The example of Abraham Lincoln teaches us never to give up, because, despite all the failures, he managed to go down in history as the man who freed Americans from slavery.

Larry King

Today, Larry King is the most famous TV presenter in the United States, who during his career has taken tens of thousands of interviews, almost from all famous people. But if you go back to the 70s, it becomes clear that it was not so easy for King to be given the path to success and wealth.

Then Larry owed 352 thousand dollars, and was also accused of stealing funds from his business partner. After a few years, all charges were dropped, and King managed to restore his reputation with work, work and more work.

Henry Ford

In the last century, if you produced cars, you were rich and successful a priori. But not everything is so simple. Henry Ford, in his 30s, has amassed enough funds and skills to start a startup. He opened his own company. However, Henry Ford’s first company was not that profitable – it ruined the engineer.

This is how Henry’s famous saying came about: “Failure is an opportunity to start over. There is nothing shameful in a just defeat, it is shameful to be afraid to experience defeat. ” That is exactly what he did – he tried again.

But already with the acquired experience and wisdom, Ford not only produced cars, but also agricultural machinery. Thus, the former bankrupt went down in the history of the automotive industry and became involved in the development of agriculture, and we still use his developments today.

I hope that these stories from the lives of famous people will help many in a difficult moment in their lives not to lose hope of success, which will surely come if you do not give up.

Friends, I look forward to your comments on the article “Stories from the life of famous people – 7 persons”. What life stories of people you know helped to overcome difficulties. 😉 Share information on social networks. Thanks!