Nothing is constant in this life! Even the name, fame and money! While we follow and set our lives on tis rule, many of our Bollywood stars have faced this in real. There are many celebs who have gone through the hardest phase of their lives by facing acute financial crunch. They went bankrupt, despite earning so much. Take a look at some such stars who faced tough financial times.
Amitabh Bachchan
Bollywood megastar faced financial crisis when his company ABCL went bankrupt, and he owed over Rs. 90 crore in debt. In an interview, Big B himself confessed, “In the year 2000, when the entire world was celebrating the new century, I was celebrating my disastrous fortune. There were no films, no money, no company, a million legal cases against the company and the tax authorities had put notice of recovery on my home.”
It was the reality show ‘Kaun Banega Crorepati’ that changed his times.
SRK came close to losing his money as he invested blindly on his production venture ‘Ra One’. Admitting his mistake, Shah Rukh said his expensive production venture did take a toll on his wallet.
Preity too underwent financial crisis after the release of her production venture ‘Ishkq in Paris’ which was a debacle. Reportedly, the film’s writer-director Abbas Tyrewala slapped a case against the actress for non-payment of dues. Reports also suggested that the actress even put her apartment out on rent to pay the dues. In the end, it was actor and good friend Salman Khan who came to her rescue.
The Showman of Hindi Cinema too came quite close to bankruptcy during the making of ‘Mera Naam Joker’. It took the actor-director nearly six years to complete the expensive film. And when the film was declared a flop at the box-office at the time of its release, it left his studio nearly bankrupt.
The Bollywood veteran, who acted in over 200 films and is remembered for his roles in ‘Sholay’, ‘Bawarchi’, ‘Aaina’ and more, also went through a bad financial phase. At 95, he went bankrupt and was unable to pay his medical bills. Recipient of Padma Bhushan Award, A K Hangal couldn’t gather funds to treat his ailment. It was when his son made an appeal to the film industry for help that celebs like Karan Johar, Bachchans and the CINTAA came out to help him.
As per reports, the ‘Dev D’ actor came close to facing a huge financial crisis when he was producing ‘One By Two’. The film was a box office flop that took a toll on his pocket. He had to sell his home to repay his loans.
Anupam Kher recently revealed his now renowned acting school in India, ‘The Actor Prepares’, was a result of bankruptcy he faced in 2004. “I was failed in all other aspects of filmmaking and was completely bankrupt because my dreams were higher than realities. So, I started my acting school in a small room with 12 students to prepare future actors and actresses,” he said.
The young actress won the National Award for Best Child Artist in 2002 for her performance in ‘Makdee’. She rose to popularity with Ekta Kapoor’s TV show ‘Kahaani Ghar Ghar Kii’ and ‘Karishma Ka Karishma’. At 23, she was caught in a prostitution racket in Hyderabad. And according to media reports, she turned towards sex trade after she ran out of money.
Govinda too confessed about his tough financial times at the premiere of his daughter’s film. He got emotional and talked about the days when he was cash-strapped and didn’t have a single penny in his pocket. His financial situation was so bad that even hiring taxis and rickshaws became hard for him. Good friend Salman came to his rescue. Govinda shared, “I didn’t think he would make ‘Partner’ with me at that time, and I was in a lot of debt, but then post the film, I was able to come out of that situation.”
Jackie Shroff was declared bankrupt somewhere around 2008. There were lawsuits filed against him and his production house, Jackie Shroff Entertainment Limited sank without a trace. Jackie had taken a loan from filmmaker Sajid Nadiadwala, which he was unable to repay. Sajid went through the legal proceedings in this matter to obtain his money, and Jackie had to, reportedly, sell his flats to repay the loan.
Amitabh Bachchan
Bollywood megastar faced financial crisis when his company ABCL went bankrupt, and he owed over Rs. 90 crore in debt. In an interview, Big B himself confessed, “In the year 2000, when the entire world was celebrating the new century, I was celebrating my disastrous fortune. There were no films, no money, no company, a million legal cases against the company and the tax authorities had put notice of recovery on my home.”
It was the reality show ‘Kaun Banega Crorepati’ that changed his times.
SRK came close to losing his money as he invested blindly on his production venture ‘Ra One’. Admitting his mistake, Shah Rukh said his expensive production venture did take a toll on his wallet.
Preity too underwent financial crisis after the release of her production venture ‘Ishkq in Paris’ which was a debacle. Reportedly, the film’s writer-director Abbas Tyrewala slapped a case against the actress for non-payment of dues. Reports also suggested that the actress even put her apartment out on rent to pay the dues. In the end, it was actor and good friend Salman Khan who came to her rescue.
The Showman of Hindi Cinema too came quite close to bankruptcy during the making of ‘Mera Naam Joker’. It took the actor-director nearly six years to complete the expensive film. And when the film was declared a flop at the box-office at the time of its release, it left his studio nearly bankrupt.
The Bollywood veteran, who acted in over 200 films and is remembered for his roles in ‘Sholay’, ‘Bawarchi’, ‘Aaina’ and more, also went through a bad financial phase. At 95, he went bankrupt and was unable to pay his medical bills. Recipient of Padma Bhushan Award, A K Hangal couldn’t gather funds to treat his ailment. It was when his son made an appeal to the film industry for help that celebs like Karan Johar, Bachchans and the CINTAA came out to help him.
As per reports, the ‘Dev D’ actor came close to facing a huge financial crisis when he was producing ‘One By Two’. The film was a box office flop that took a toll on his pocket. He had to sell his home to repay his loans.
Anupam Kher recently revealed his now renowned acting school in India, ‘The Actor Prepares’, was a result of bankruptcy he faced in 2004. “I was failed in all other aspects of filmmaking and was completely bankrupt because my dreams were higher than realities. So, I started my acting school in a small room with 12 students to prepare future actors and actresses,” he said.
The young actress won the National Award for Best Child Artist in 2002 for her performance in ‘Makdee’. She rose to popularity with Ekta Kapoor’s TV show ‘Kahaani Ghar Ghar Kii’ and ‘Karishma Ka Karishma’. At 23, she was caught in a prostitution racket in Hyderabad. And according to media reports, she turned towards sex trade after she ran out of money.
Govinda too confessed about his tough financial times at the premiere of his daughter’s film. He got emotional and talked about the days when he was cash-strapped and didn’t have a single penny in his pocket. His financial situation was so bad that even hiring taxis and rickshaws became hard for him. Good friend Salman came to his rescue. Govinda shared, “I didn’t think he would make ‘Partner’ with me at that time, and I was in a lot of debt, but then post the film, I was able to come out of that situation.”
Jackie Shroff was declared bankrupt somewhere around 2008. There were lawsuits filed against him and his production house, Jackie Shroff Entertainment Limited sank without a trace. Jackie had taken a loan from filmmaker Sajid Nadiadwala, which he was unable to repay. Sajid went through the legal proceedings in this matter to obtain his money, and Jackie had to, reportedly, sell his flats to repay the loan.
