GO
Loading...

» more from Entertainment

Ted Nugent

Thanks to 1970s hits like “Cat Scratch Fever” and “Stranglehold,” hard rock guitarist Ted Nugent was at one time among the highest-grossing concert attractions in America, Unlike many other rock musicians his age, he has famously never indulged in drugs or alcohol, instead preferring such diversions as hunting and running a “Kamp for Kids.”

Unfortunately, he still ended up broke. The Nuge found himself in this very situation after his managers invested his considerable wealth into a series of bad business ventures, such as investments in Clydesdale horses and mink farms. Nugent declared bankruptcy in 1980 as a result, but he recovered before the decade’s end and still enjoys a busy career today.

Photo: Lyle A. Waisma | Getty Images