T. Cullen Davis
Billionaire Texas oil heir T. Cullen Davis has a double spot in the hall of shame. Not only did he lose his family’s fortune, he’s also the richest person to ever stand trial for murder. Davis inherited tons of oil-rich land from his parents and proceeded to spend his wealth on all kinds of things. In 1976, Davis’ wife Priscilla had filed for divorce and was living with her boyfriend when a gunman broke into their house and shot them both. Davis was the prime suspect for hiring the hitman, but was found not guilty despite some pretty damning evidence. The recession of the early 1980s reduced his fortune to a pittance and he filed for personal bankruptcy in 1986 with debts of over $230 million.