10 Former Richest Celebrities Who Have Gone Broke

4. Mark Twain

A business partnership he started with his nephew, Charles L. Webster, was the cause of Twain’s misfortune.

They delved into publishing business, but Twain simply did not understand how to operate a business.

Twain knew little about turning profits over, so it was that he gave his authors far too much in royalties.

This was till it got to that point when there was no profit left for the business, and the publisher recorded only loses.