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9 Multimillionaires Who Lost It All but Came Back

2 131 0
17.06.2019

Being at the top of your field and earning millions of dollars a year doesn’t mean you’ll stay that way forever. Even the richest and most successful people aren’t immune to sudden failures, flops and plunges in net worth.

There are many reasons why innovators and entrepreneurs may lose everything they worked so hard for -- personality clashes, mishandled finances, poor decision-making or just bad luck. The question is, when you’re faced with those dilemmas, what do you do?

These 9 multimillionaires lost it all, but they didn't give up. They fought and clawed their way back, and became stronger than ever. Read their stories, learn their lessons and try to avoid their mistakes.

During the dot-com boom of the 1990s, James Altucher founded a web-design company called Reset Inc. and sold it for $10 million. Then he lost everything in a series of bad investments. He made “every stupid decision in the book,” he said. With $143 left in the bank, he contemplated suicide.

He eventually came to realize he had to reevaluate his business and his life. He stopped judging his "self-worth by his net worth." He slowly dug his way out and found his way back. He began blogging about his riches-to-rags-to-riches-again story, which has proven to be incredibly popular. And he started writing books -- 20 and counting so far -- which have also been a great outlet for his creativity. He is now a mega-popular blogger, podcaster and author with investments worth millions.

Related: 4 Bad Money Habits That Have Left Millionaires Broke

For decades, Martha Stewart was world famous for her brand of simple, elegant homemaking tips and home decor; her stamp of approval was worth billions. Then she was charged with insider trading for selling her shares of the biotech company ImClone. She was sentenced to five months in prison, fined $195,000 and forced to step down from her company, Martha Stewart Living Omnimedia, for five years.

After she returned from prison, she launched a highly publicized comeback. She remains a dynamo,........

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