Plenty of examples abound. Lottery winners, for one.
Many sports figures blow through all their money, even after earning eight figures during their careers. Main reasons are multiple families, moochers often referred to as a “posse”, addictions, crooked investment advisors, and large purchase of items like boats and Italian cars.
However,I visited Graceland once...about 10 years ago. Looking in the living room (I think it was the living room) it was obvious that a lot of money was spent in that room but it was just as obvious that it was the way white trash who had come upon money would do it. Just think "You Might Be A Redneck".