Willie Nelson is one of the most recognised artists in country music who has net worth of US$25 million only but due to some reasons he lost his fortune.
In 1990, the Internal Revenue Service seized utmost of his assets, claiming that he owed US$32 million.
The IRS claimed he had unpaid taxes, with Willie also having made weak investments in the 1980s which made his situation worse.
To repay the debt Neil had created with the IRS, Willie was recommended to invest in tax shelters that ultimately flopped.
While the IRS disallowed his deductions for 1980, 1981 and 1982, due to penalties and interests, the debt increased by the end of the decade.
Later, Willie's attorney renegotiated a settlement with the IRS in which he paid $6 million, although Nelson did not comply with the agreement.
Willie released The IRS Tapes: Who'll Buy My Memories? as a double album, with all profits destined for the IRS.
Many of his assets were auctioned and purchased by friends, who donated or rented his possessions to him for a nominal fee.
These were some low situations of his life, otherwise it could have been a much higher figure.