Meat Loaf – Net Worth $40 Million

Michael Lee Aday, also called Meat Loaf, is an American vocalist and entertainer. He is noted for his incredible, wide-running voice and dramatic live shows. Meat Loaf was a successful musician and actor who had a great career in the 70s. He was a huge name back then having released 12 solo studio albums. He also starred in the classic film Rocky Horror Picture Show and released his hit album Bat Out of Hell.

However, he declared bankruptcy in the 80s and his lawyers had to settle more than 45 legal actions against him. You would think that with this kind of success, he could have everything easily sorted out with a financial advisor, but he was $80 million in debt. In a previous interview, he revealed that CBS did not pay his royalties until 1997 so while everyone thought he had money, the reality was that he didn’t.