The most common and most likely answer to this crossword clue is the 8 letter word BANKRUPT
I've seen this crossword clue in The Guardian
B
A
N
K
R
U
P
T
More clues leading to the result BANKRUPT
- Clean out rank stews in hostelry over time
- Track around entrance to park by pool becoming stony?
- Row right up close to boat on the rocks
- Before rugby training side is deficient
- Tip by Rex: “put out bust”
- Forbid taking krone raised by head of trust that’s insolvent
- Bench for sport to exercise bust
- By no means on one’s uppers
- British worker accepts German firm nearly failed
- Diverting prank but devoid of substance
Buddy explains!

The straight part
We know that "lost all his money" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lost all his money = bankrupt.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BANKRUPT mean?
BANKRUPT noun- One who becomes unable to pay his or her debts; an insolvent person.
- A trader who secretes himself, or does certain other acts tending to defraud his creditors.
- To force into bankruptcy.
- In a condition of bankruptcy; unable to pay one's debts.
- Having been legally declared insolvent.
- Destitute of, or wholly lacking (something once possessed, or something one should possess).