50 Weird Ways People Go Broke

3. Betting on a Concert

When Lady Gaga embarked on her Monster Ball tour, she had $3 million to her name and spent it all creating the stage to get the attention of Arthur Fogel, current Live Nation chairman. It left her broke, she revealed in an interview on “Entertainment Tonight.” Fortunately, her stint in the poorhouse was short-lived.
“[Fogel] got Live Nation to write me a check for $40 million, and it changed my life and the life for my whole family,” Lady Gaga said.

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