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Went Bankrupt, Now Worth Millions!

By:     Topics: Entrepreneurship

Hello Everyone,

With this so called Recession, thousands of people are going bankrupt everyday and at the lowest point ever! Today’s list is to show you guys that although times are tough and you think you have lots everything and your to old to have another chance, well your wrong!

I was once told that you arn’t a true entrepreneur if you haven’t gone bankrupt at least once! Well Walt Disney shows us how its done, he was fired by a newspaper editor because “he lacked imagination and had no good ideas.” He went bankrupt several times before he built Disneyland. In fact, the proposed park was rejected by the city of Anaheim on the grounds that it would only attract riffraff.

It is also noteable that I have included the founder of Penthouse and the blogger Perez Hilton both web entrepreneurs! The difference between them and the others on the list is that their money is new money, made in the last 10 years! If you would like to follow in their foot steps then check out my FREE 7 day eCourse to making money online!

30 Entrepreneurs Who Went Bankrupt

Name Birthdate Profession Bankruptcy Date Eventual Net Worth
Henry Ford
July 30, 1863 Founder of Ford Motor 1903 $188,000,000,000
Donald Trump

June 14, 1946 Real Estate Developer 1990 $3,000,000,000
Walt Disney

December 5, 1901 Founder of Disney 1921 $1,100,000,000
Anna Nicole Smith

November 28, 1967 Model, Actress 1996 $450,000,000
H.J. Heinz

October 11, 1844 Founder of Heinz 1875 $400,000,000
George Foreman

January 5, 1949 Boxer/Grill Spokesman 1983 $300,000,000
Bob Guccione

December 17, 1930 Founder of Penthouse 2003 $400,000,000
Kim Basinger

December 8, 1953 Actress 1993 $250,000,000
Clarence Saunders

August 9, 1881 Founder of Piggly Wigglies (Now Safeway) 1922 $180,000,000
Milton Hershey

September 13, 1857 Founder of Hershey 1880 $150,000,000
Larry King

November 19, 1933 News Anchor 1978 $144,000,000
William C. Durant

December 8, 1861 Founder of General Motors and Chevrolet 1936 $120,000,000
Ulysses S. Grant

April 27, 1822 President 1881 $95,100,000
Francis Ford Coppola

April 7, 1939 Film Director 1990 $67,400,000
Isaac Hayes

August 20, 1942 Singer, Actor 1976 $50,000,000
MC Hammer

March 30, 1962 Rapper 1996 $33,000,000
Wayne Newton

April 3, 1942 Singer, Actor 1992 $30,000,000
Burt Reynolds

February 11, 1936 Actor 1996 $30,000,000
P.T. Barnum

July 5, 1810 Showman
Mick Fleetwood

June 24, 1947 Musician, Activist
Randy Quaid

October 1, 1950 Actor
Stan Lee

December 28, 1922 Founder of Marvel
Abraham Lincoln

February 12, 1809 President
John Connally

February 27, 1917 Govenor of Texas
Heidi Fleiss

December 30, 1965 Hollywood Madame
Perez Hilton

March 23, 1978 Blogger
Buffalo Bill

February 26, 1846 Showman
William McKinley

January 29, 1843 President
Jerry Lee Lewis

September 29, 1935 Singer, Songwriter, Pianist
Benedict Arnold

January 14, 1741 Major General

To our success in 2009,

Michael Dunlop

PS. What are you doing to beat this recession?

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  • Online marketing

    Learning from mistakes and growing from them is the best thing you can do. You cant be successful with out failing at least once.

  • Sumit Shah

    What an inspiring blog! Loved it. Though i dont wish to be bankrupt but yes i definitely want to reach the top.
    Good Great Work Micheal

  • Very interesting to see some of the greatest entrepreneurs of our time, such as Henry Ford, on this list. It proves that you can become rich no matter what, just like these people did.

    Thanks for taking the time to write this Michael! πŸ™‚

  • Stuart Wooster

    Divorces are a sucker for the money aren’t they Burt… He went on to get a Golden Globe Award after though, bet the ex weren’t chuffed Hahaha!

  • wooo.. nice list you got there!

  • Awesome list! It’s great to see the determination of these inspiring entrepreneurs.

  • Charlie Deann

    Wow great list Mike!

  • GirlieGeek3152

    Nice List! And Scary too. You should show this list again on Halloween!

  • Scott ::

    Another great list, keep it up!

  • Interesting list. Some names here I had no idea they were bankrupt at one time! Good post.

    • Michael

      I didn’t know some of them went bankrupt either! When I mentioned to my mum that Walt Disney went bankrupt, she said I know, like 6 times!

  • Lozza

    Timely!!! Just what I needed to get me motivated again. “It doesn’t matter how many times you fall its how many times you get up that counts.” Thanx Guys I am starting to believe again!

  • Harish

    All your lists are Awesome Michael. I am really experiencing the fame the ford company has bought to itself. It has grown a lot in India.

  • Amulekone

    Wow, pretty long list. But thanks for that surely it gives hope to many who has been greatly affected by the economic crisis. it would be nice to know how they made it through the rut.
    Great post as ever. Thanks

  • Great List and quite motivating. I guess I will file for bankruptcy right away, so I can begin making millions.

  • Wow. That is impressive! Some of them managed to get that much money in very little time.

  • Andy

    Wow, awesome post.

  • Gimme A Dream

    Awesome energy in this post. Gives us little guys some hope.

  • rick

    awesome list and makes you realize that no matter what if you are determined you will succeed at the end πŸ™‚

  • Great list! Very inspiring to know that so many fell before they made it.

  • Yannick

    Very cool haha. I think Perez Hilton is just the coolest “thing” on this list. 10 Millions since 2005 .. nice one! πŸ™‚

  • Excellent information, and another lesson, failure is a learning experience, but we should never quit reaching for our dreams.

  • Agent 001

    Walt Disney and Ford. Really interesting. How do you get these data and how the idea comes to your mind.

    • Michael

      A lot of research… actually both of them have something in common with me, both college drop outs, dyslexic and left handed… crazy isn’t it!

  • Pingback: Went Bankrupt! Now I'm Worth Billions! - Young Entrepreneur Forums()

  • Enjoy your articles as always! There’s nothing wrong with being bankrupt as long as we have the gut to rise and fight again.

    • Michael

      Never give up! Keep fighting is the key to success!

  • Mohammad Afaq

    I really enjoyed this post and I want to read more from you. I had some question for you though but I will email you that. Great Blog.

    Mohammad Afaq
    Free Website Traffic

  • siraset

    good! post

  • Great list and a indication that great results come from the ability to deal with “failure” and the gifts that we get from those experiences.

    You tabulated 30 celebrity, high profile examples. They are the tip of a massive iceberg of failure to success stories that are inspiring stories of passion and persistence.

  • zia

    I have no any experiences with both yet, going bankrupty or being a millionaire

  • Great post, and useful information. thank you πŸ™‚ Dea

  • Hey Michael, Great post. It only goes to show me that no matter what happens if you are doing what you really believe in and have a passion for it… and if you fail once, twice, get up and keep on trucking. Thanks for the list also. JJ

    • Michael

      Always great to here from you JJ, I hope the momscashblog is going great!

      Definitly keep getting up, whats the worst that can happen? We end up back being where we are, happy and motivated!

  • Polymer Business

    very inspiring post, love it !

  • Wow. Where are these net worth facts from? You have got to be kidding me. Not even close.

  • It is a great story. I had no idea Perez Hilton was old enough to go broke lol.

    There are many folks who went from nothing to something. I love the story of JK Rowling (Harry Potter) she was on welfare, single mom …now…WOW.

    Never give up on your dreams folks.

  • Pingback: Top 30 Dyslexic Entrepreneurs | Income Diary()

  • bestpaidsurveyportal

    even donald trump bankrupt in 1990..huhu.. wow a billionare always a billionare

  • David

    wohh! awesome post.

  • Ben

    This is very inspiring considering im a student clocking up my student loan debt lol

    Thanks again

  • Morgan

    I found your great post just when I needed it! We’re filing for bankruptcy next week…one of the main reasons is that we can’t build any future if we’re drowning in debt and trying to live on pennies all the time.
    Thank you! Morgan, at The Debt

  • baloot

    PerezHilton is also in the list.
    I don’t know that he’s been bankrupt before become millionaires..

    Cheers to PerezHilton! and Micheal too… πŸ˜€

  • Tal Fighel


    Great list of people. It is amazing to know that even when you hit rock bottom in life and in business, you can always bounce back and do very very well.

    Thanks for sharing this amazing list with us.

    Tal Fighel

  • Love the list…. but not sure if Anna Nicole Smith should be in there….

    But I guess “Gold Digging” can be considered an entrepreneurial venture nowadays… haha

  • YingHang

    Donald Trump is my idol!

  • hassan

    hoping wud become millionaire one day like stan lee.lover of spider man

  • Magson

    I was motivated completely by this list. Thanks

  • Kellie

    wow, some real surprises on that list, goes to show there is always hope.

  • Great post Michael – here’s an interesting fact: the average entrepreneurial millionaire has been broke or nearly broke 3.2 times!!!!!

  • McKenzie

    Going through it right now as an entrepreneur… this blog has been so meaningful to me in so many ways! Hopefully one day I will be added to this list.

  • Manuel | Income Scene

    Going bankrupt is part of the whole success picture.

    Thanks for this Michael.

  • Bankrupt

    Going to bankrupt is make you success? its up for the person how to recover when they experience bankrupt, if they work hard to recover thier failure then im sure that person will be successful someday.