The man who had enthralled the X generation with his style and voice died yesterday with $400 mn in debts. Quite amazing isn't it? Are they poor financial planners or sumthing which the fame had camouflaged them in taking the future into account. This is really worrying because as you started basking in the glory you tend to lose in gauging the reality. Similar fate happened to Tennis player Bjorn Borg, who had sold his major trophies and rackets to sustain '' financial security''.
Back home in India, many film personalities went broke because of their poor financial planning like tamil comedian chandra babu, first tamil film super star thyagaraja Bhagavathar etc.
The psychology behind the successful personalities going broke because they always lived a lonely life in private (apart from the media glare). At the pinnacle of life you will not find anyone to share your feelings hence, they tend to take wrong decisions at wrong time.
