You've probably already assumed that she became broke because she had to put up the expenses for producing her albums. Maybe the record company forced her to pay for her own studio time while heartlessly giving her only a pittance from each CD of her music that she sold. She made a hell of a lot of money as the result of being discovered and signed to a major label, but she spent it poorly. Read all about it here . All the record companies care about is N'Sync and Britney Spears.
Record companies lose money on nine out of ten artists.
For every huge success like Eminem there are nine other bands like Radiohead and Massive Attack.