LaBeouf, Lohan and 16 Other Celebrities Who Lost It All

Alberto E. Rodriguez / Getty Images
Alberto E. Rodriguez / Getty Images

We're obsessed with celebrity gossip -- watching stars react to internet trolls, scrolling through "most hated celebrities" lists, wondering to ourselves, "Why do people hate Nickelback?" But our favorite type of drama revolves around how some of the richest, most famous people in Hollywood became broke.

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Over-the-top spending, tax troubles, legal battles and launching new careers can all eat away at even the most enormous fortunes, as many of the celebs on this list found out.

Frazer Harrison / Getty Images
Frazer Harrison / Getty Images

Gary Busey: Debt to the IRS

For an actor with a career spanning five decades, Gary Busey doesn't have much fortune to show for it. Busey made a name for himself as an actor in films including "Thunderbolt and Lightfoot" and "Point Break," as well as television classics like "Walker, Texas Ranger."

Despite his acting success, though, Busey filed for chapter 7 bankruptcy in 2012, claiming he was more than $500,000 in debt. Today, he's turned his finances around, with a net worth of $500,000.

Charley Gallay / Getty Images for Life & Style We
Charley Gallay / Getty Images for Life & Style We

Heidi Montag: Overspending

This reality star gained notoriety through her role as Lauren Conrad's best-friend-turned-enemy on "The Hills," and through her relationship with costar Spencer Pratt. Montag earned her fortune via her four-year stint on "The Hills," and her appearances on other reality TV, including "Celebrity Wife Swap." At the peak of their careers, Montag and Pratt had accumulated a $10 million fortune.

However, not all of Montag's business ventures were successful. Her debut album, "Superficial," was a failed attempt to break into the music industry, selling less than 1,000 digital copies in its first week and peaking at 41 on the Billboard Heatseekers chart. And lavish spending -- including an estimated $1 million dollars on handbags and an additional $1 million on clothes -- ate away at her net worth.

Today, Montag and Pratt have a combined net worth of $300,000.

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Monika Fellner / Getty Images
Monika Fellner / Getty Images

Lindsay Lohan: Bad Reputation and IRS Debt

Lindsay Lohan is the poster child for the dark side of fame. The actress started her career strong and early, with starring roles in "The Parent Trap" as a child and in "Freaky Friday" and "Mean Girls" as a young adult. However, she soon developed a reputation for being difficult to work with -- even getting admonished by film exec James G. Robinson, the head of the production company that produced Lohan's 2007 film "Georgia Rule."

Although she made millions through her work as an actress, model and recording artist, Lohan's legal and personal troubles eroded much of her net worth. In 2012, Lohan had her bank account seized by the IRS to claim the reported $233,000 she owed in back taxes. The actress was near bankruptcy at the time, and today only has a net worth of $800,000.