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Kim Basinger – Bankrupt Celebrities

Kim Basinger
Dario Cantatore, Getty Images

Kim Basinger, actress and ex-wife to Alec Baldwin, bought the town of Braselton, Georgia for $20 million in 1989 — only to sell it for $1 million when she ran into financial trouble just a few years later.

(Maybe because she bought an entire town for $20 million.)

She filed for bankruptcy in 1993 when she was ordered to pay $8.1 million (later reduced to about half that) to Mail Line Pictures for backing out of the film ‘Boxing Helena.’

Which, in hindsight, was a pretty good decision, although maybe not millions of dollars good.

See the Next Celeb Who Went Broke

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