7 Surprising Bankruptcies Straight From Our History Books (Bankruptcy in the 1600s? Who Knew?!)

If we counted all the wrinkles, frown lines, and grey hairs of everyone in the world that resulted from money woes…we could probably start a whole new currency. If money is the root of all evil, then it’s also the branch of most stress, because financial troubles are far-reaching; so far-reaching that bankruptcy dates back as far as the 1600s! Toni Braxton, MC Hammer, and Betsey Johnson may have all made headlines with their bankruptcies from the 90′s til now, BUT we’ve found some legendary musicians, artists, and entrepreneurs who you won’t believe filed for bankruptcy back in their day.

Check out 7 shocking bankruptcies straight out of our history books.

Wolfgang Amadeus Mozart

Mozart ran out of money in his early thirties and died at the age of 35 with a vast amount of debt. He had to be buried in an unmarked grave.

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Comments

Crayola

when writing about Ms. Dorthy Danridge you she include the whole truth why she went broke she was married to a loser who owned a club and spent most of her money, she also had an handicap daughter by Harold Nichole who didnt help provide for his daughter… dont mislead ppl
- LaylaAjmine
  
  They better post he was a white man who abused her too.
WLKNLUV

wow! the only one i knew about was dororthy dandridge….her life was so sad.
Msinglewood

Who ever wrote this article is an idiot, How can you not know that bankruptcy began in the Roman empire.
Nick

The United States government went bankrupt in 1933! Hello!! number 1!!
TheCat

Ahem, it is NOT money is the root of all evil, but “the love of money is the root of all evil”. If you are going to use quotations, please get them correct.
Jane

Actually Tameika money is not the root of all evil. It is the LOVE of money that is the root of all evil.
Bill

Rembrandt was caught in the big Tulip market crash also. That was a key to his bankruptcy.
In the Tulip Bubble, (wiki) “”in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman.”"
No one for a while had any spare money, like in ’29. So Art was cheap, and antiques also there is no market. Or the Housing crash of a couple of years ago.
When one lives high in boom times, a market crash depression can make you as bankrupt as Jack Dempsey. Gene Tunney managed to keep most of his money, as a bank teller having more sense with money.
christian

wow even abraham lincoln was not spared