24 People Who Turned Bankruptcy Into Success

According to John Maxwell’s Failing Forward, the average entrepreneur fails 3.8 times before he or she finally makes it in business. Failure is a part of life that every one needs to come to terms with. However, it’s not final. As the statistic mentioned above, people fail many times before they succeed. What they do all have in common however, is that they never stopped trying.

This can be a powerful mantra when we are pursuing our own ambitions and goals. We will be faced with set backs and this is where our determination is key. It’s easy to keep your motivation when things are going well, the true challenge is how you rise after falling – this is the main characteristic of a successful person.

So if things get to a stage where you can’t see a clear path forward, it’s always good to have examples of other people who have been in the exact same position you have, and went on to become hugely successful. The following is a list of 24 people, from all walks of life, who once filed for bankruptcy, but went on to become hugely successful in their fields.

– 

Name

Profession

Bankrupt In

Eventual Net Worth

1. Henry Ford Founded Ford Motor 1903 $188,000,000,000
2. Donald Trump
Real Estate Developer 1990 $4,000,000,000
3. Walt Disney
Founded Disney 1921 $1,100,000,000
4. Anna Nicole Smith
Model & Actress 1996 $50,000,000
5. H.J. Heinz
Founded Heinz 1875 $400,000,000
6. George Foreman
Boxer& Entrepreneur 1983 $250,000,000
7. Bob Guccione
Founded Penthouse 2003 $400,000,000
8. Kim Basinger
Actress 1993 $36,000,000
9. Clarence Saunders
Originally Founded Safeway 1922 $180,000,000
10. Milton Hershey
Founded Hershey 1880 $150,000,000
11. Larry King
News Anchor 1978 $150,000,000
12. William C. Durant
Founded General Motors & Chevrolet 1936 $120,000,000
13. Ulysses S. Grant
President 1881 $95,100,000
14. Francis Ford Coppola
Film Director 1990 $250,000,000
15. Isaac Hayes
Singer & Actor 1976 $12,000,000
16. Wayne Newton
Singer & Actor 1992 $100,000,000
17. P.T. Barnum
Showman
1856
$25,000,000
18. Stan Lee
Founded Marvel
2000
$200,000,000
19. Abraham Lincoln
President
1833
$18,400,000
20. Perez Hilton
Blogger
2005
$30,000,000
21. Buffalo Bill
Showman
1913
$8,000,000
22. William McKinley
President
1893
$7,500,000
23. Jerry Lee Lewis
Singer, Songwriter, Pianist
1988
$5,000,000
24. Benedict Arnold
Major General
1779
$2,500,000

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