Larry King is one of America’s most recognizable faces in media, but the TV host had to file for bankruptcy back in 1978 after legal and financial troubles.
King began his career in broadcast in the 1950s and ’60s as a radio announcer in Miami, Florida. But in 1971, he was charged with grand larceny and accused of stealing $5,000 from his then-business partner.
Although the charges were dropped, that situation took a toll on his career at the time. King fell deep into debt and was forced to declare bankruptcy in 1978.
That same year though, King was offered a national radio talk show in Washington, DC, which later became his career-defining “Larry King Live” on CNN.
