Halsey Minor Shows How to Blow $300 Million

As millionaires ranging from Annie Liebovitz to Mike Tyson have discovered, you can earn a lot of money and still run out of it. The latest tycoon to hit the skids is Halsey Minor, an entrepreneur who helped build CNET, Salesforce (CRM), Rhapsody and several other breakthrough digital companies. After amassing a fortune of perhaps $300 million, Minor declared bankruptcy recently in Los Angeles, listing liabilities of $50 million to $100 million and assets somewhere between $10 million and $50 million.