BUSINESS

Celebrity bankruptcy: Wayne Newton

The "Danke Schoen" crooner who became known as Mr. Las Vegas filed for bankruptcy in Reno in 1992, seeking to reorganize some $20 million in debt. At the time, Newton was said to be making $250,000 each week by performing in Las Vegas. Newton rebounded with a entertainer-in-residence gig at the Stardust in 1999. By 2005, however, the IRS was seeking $1.8 million from Newton. Financial troubles over the next five years included lawsuits from a Detroit-area airport where Newton had parked his $2-million private plane, Newton's former pilot, an animal-feed company and a NASCAR mogul. In 2010, Newton's security personnel repulsed an attempt by Clark County sheriff's deputies to enter the entertainer's 52-acre compound, Casa de Shenandoah, and seize property as recompense for a $500,000 judgment against him. Later that year, Newton sold his home of 45 years to a development partnership (in which he and his wife owned a stake) that sought to turn it into a museum of all things Wayne Newton. The partnership filed for bankruptcy in 2012. In the spring of 2013, the Newtons moved out and onto a more modest 20-acre spread they are calling simply the Shenandoah. Julie Jacobson / Associated Press
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