Not everything that celebrities touch turn into gold. Recently, Oprah Winfrey admitted that she made "101 mistakes" when she decided to launch her network OWN, which attracts just under 200,000 viewers daily. The former "Queen of Daytime TV" admits, "The idea of creating a network was something I wanted to do. Had I known that it was this difficult, I might have done something else." Oprah's network may eventually become a failed business amongst the long list of failed celebrity business ventures. Let's take a look at some of the other celebrity businesses that have flopped due to disorganization, financial mismanagement, and poor decision making.

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