Halsey Minor became a millionaire, as did many tech entrepreneurs, when he sold his enterprise in 2008. That was CNET Networks to CBS for more than a billion dollars. If he would have stuck with what he knew - tech - he might not be in his current pickle.
As BLOOMBERG reports, Minor has filed a Chapter 7 bankruptcy. According to its rules for businesses, he can blow off the unsecured creditors. The records show his liabilities are about $100,000 million and his assets are about $50,000.
After he was in the money, he dabbled in art, real estate, and horses. A lot of that didn't work out so hot.