19 Former Millionaires Reveal Shocking Mistakes That Cost Them Everything
Ever wonder what happens when the tables turn and the millionaire you envy today turns into the cautionary tale of tomorrow? We always cheer for the underdog climbing the ladder, but what about the high-flyers who take the plunge back down? Buckle up, because at Bored Panda, we dug through the internet’s nooks and crannies to bring you some jaw-dropping confessions from ex-millionaires — folks who had the dough but lost it all through everything from wild gambles to hard breaks. It’s a wild ride through trust gone wrong, luck running dry, and yes, some badly timed life choices. So, if you think money’s a permanent ticket to cruising in the fast lane, think again — because these stories remind us that fortune’s flip can come faster than you say “jackpot.” Ready to peek behind the velvet ropes of lost fortunes? LEARN MORE
Talking about social mobility, we usually hear examples of industrial workers who become wealthy businessmen, not the other way around. But just because you climbed up the ladder (or were born way higher than most), doesn’t mean you will stay there. So we at Bored Panda thought it would be interesting to hear from those who fell down.
After searching the internet far and wide, we put together a list of confessions from formerly rich folks—even millionaires—where they explain how they or, in some cases, their loved ones, lost their money. From trusting the wrong people to gambling, continue scrolling to read the anonymous stories.
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