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Celebrities that got into real debt

November 17, 2022 By Leave a Comment

Source: https://unsplash.com/photos/xKmXZ4Fv63w

Many celebrities find it difficult to manage their finances responsibly, but not all end up in debt. Some rich and famous, however, have got into real trouble when it comes to money, or, rather, the lack of it. See who among the well-known celebrities has got themselves into debt and lost all their money or got back on track.

Michael Jackson

Some sources claim that when Michael Jackson died, he was around $400 million in debt. What led to such a liability? Although he was an extremely popular music star, the King of Pop as he was called, it did not stop him from excessive spending and borrowing money for an extravagant lifestyle. What’s more, Michael Jackson led numerous legal battles, which added to his enormous debt at the time of his death. The reports say he blew his fortune on luxurious cars, houses and much more to support his lavish lifestyle.

Ben Affleck

A famous actor, recently in the spotlight due to his marriage to singer J.Lo, a few years back had a real problem with gambling addiction. He himself admitted that he might have a problem, as he was banned from playing blackjack in Hard Rock Casino. The actor was accused of cheating, and the managers asked him to step back after simply playing too well. He won $800,000 at Hard Rock Casino but is no longer allowed to approach the blackjack table at this spot. Even though Ben Affleck did not get himself in some serious trouble and did not get in debt, who knows what might have happened if he kept playing? We should not judge him, however. After all, who could resist the best online casino bonuses that give you a great chance to double your winnings, when you can play from every place in the world, in a completely safe way, and win real money? Everyone might get as excited as the famous actor, and there is nothing wrong with it, as long as you make use of safe and secure platforms.

50 Cent

An American rapper, best-known as 50 Cent, had his net worth even lower than the nickname he chose. After a period of partying and having an excellent time, he was said to be in debt of about $10 million up to even $50 million. In 2015, he was forced to file for Chapter 11 bankruptcy. However, in 2017, the rapper was allowed to get the bankruptcy discharged.

Burt Reynolds

Anyone who is interested in the Hollywood of the 70s and 80s must know Burt Reynolds. He was a real heartthrob back in his time. Burt Reynolds was a television series star (he also starred in movies), and his fortune was estimated to be about $40 million. However, he went into some wrong investments, and, on top of that, he went through a rather pricey divorce. All these forced him to file for bankruptcy in 1996. It is believed that the actor had around $10 million in debt.

Stephen Baldwin

Stephen Baldwin, the younger brother of Alec Baldwin, had a less prominent acting career than his brother but a much bigger debt. In 2009, he was forced to file for bankruptcy with around $2 million of debt. It is believed that he mostly owned money from two mortgages and a credit card debt, but there were also federal taxes involved (around $1 million). However, even after going bankrupt in 2009, in 2012, the actor was charged with failing to pay taxes. He was arrested and ordered in court to pay $300,000 or serve probation. The actor ended up on probation.

Charlie Sheen

The reputation of Charlie Sheen is well-known even to those who are not deeply interested in the life of Hollywood. He definitely deserved to be named the bad boy of the industry. At the time when he was working on the Two and a Half Men sitcom, he was one of the highest-paid actors. Even this did not prevent him from getting into a debt estimated to be around $12 million for mortgages, taxes, and legal fees, but also credit cards. Nonetheless, in 2016, his net worth was still around $150 million.

 

Filed Under: Celebrities, Debt

6 Celebrities Who Have Invested And Made Profits From Bitcoin

April 25, 2022 By Leave a Comment

Bitcoin has been making headlines lately as its value rockets upwards. While some people are still skeptical about digital currency, others are investing and seeing great profits. Here are six celebrities who have invested in Bitcoin and reaped the benefits. Whether you’re already a Bitcoin believer or just starting to explore this investment option, you’ll be inspired by these success stories. Who knows, maybe you’ll be next. [Read more…]

Filed Under: Celebrities, Investing, Personal Finance

6 Ways Celebrities Make Money And Build Their Wealth

April 5, 2022 By Leave a Comment

We all know that celebrities make a lot of money. But how do they do it? And more importantly, what can we learn from them? In this blog post, we will take a look at six different ways that celebrities make money and build their wealth. Some of these methods may be surprising to you! So without further ado, let’s get started.

Brand Deals

One of the most popular and common ways celebrities make money is through brand deals. A brand deal is when a celebrity endorses or partners with a company or product. This can be in the form of an advertisement, social media post, or even just wearing the company’s clothes or using their product. The net worth of a celebrity can often be increased through brand deals, as the company gets exposure to the celebrity’s large fan base. Brand deals are often very lucrative for celebrities. They can make tens or even hundreds of thousands of dollars for a single endorsement. This is especially true for big brands like Nike, Apple, and Samsung.

TV and Movie Roles

One of the most common ways celebrities make money is through TV and movie roles. Many celebrities start by appearing in commercials or small TV roles. They then work their way up to larger roles in movies and TV shows. This can be a very lucrative way to make money, as actors and actresses can earn millions of dollars for a single movie or TV show. Some celebrities also create their TV shows or movies. This can be a very profitable way to make money, as celebrities can earn a percentage of the profits from the show or movie. For example, Oprah Winfrey has her TV network, OWN, which is a very successful and profitable business.

Modeling

Modeling is a great way for celebrities to make money. They can work as models for fashion designers, clothing companies, and other brands. Many celebrities also do modeling for magazines and advertising campaigns. Some celebrities even start their modeling agencies. Tyra Banks is a good example of this. She started the Tyra Banks Modeling Agency, which is now one of the largest modeling agencies in the world.

Book Deals

A lot of celebrities make money by writing books. For example, Selena Gomez made $500,000 for her book “Revival”. She also has a clothing line, which makes her even more money. Other celebrities who have written books include Justin Bieber, Katy Perry, and Arnold Schwarzenegger. Some celebrities make so much money from their books that they don’t even need to work anymore. For example, J.K. Rowling was a struggling single mother when she wrote the first Harry Potter book. She was so poor that she had to use food stamps to buy food for herself and her daughter. But now, she is one of the richest women in the world. She has a net worth of $650 million!

Product Placement

Some celebrities make money by promoting products or services in their movies and TV shows. This is called product placement. For example, a celebrity might be paid to mention a certain brand of toothpaste or car in a movie. This type of advertising can be very effective because people trust celebrities and are more likely to buy the products they promote.

Charitable Work

Celebrities often use their fame and fortune to help others. They may donate money to charities, or they may volunteer their time to help those in need. This can be a great way for celebrities to give back to the community and make a positive impact on the world.

There are many different ways celebrities can build their wealth. Some of the most common methods include earning income from endorsements, television and movie royalties, and business ventures. However, some celebrities also manage to amass large fortunes through smart investments and by taking advantage of tax breaks.

Filed Under: Celebrities

1000-Lb. Sister Tammy Slaton’s Net Worth

January 13, 2022 By Leave a Comment

1000-Lb. Sister Tammy Slaton's Net Worth

Amy and Tammy Slaton started sharing their weight loss journey on television less than two years ago. Over that time, they’ve really made a name for themselves as reality TV stars. The two sisters have both made some strides in their weight loss journey, with Amy meeting her goals. Interestingly, Amy Slaton earns a lot more than her sister. So what is 1000-Lb. Sister Tammy Slaton’s net worth?

Who Are Amy and Tammy Slaton?

Amy and Tammy Slaton are better known as the 1000-Lb. Sisters from the reality television show of that same name. When the show began, they had a combined weight of approximately that much, hence the attention-grabbing name.

Amy Slaton was no stranger to sharing her story with the world before they began working on this show together. She had a YouTube channel where she shared product reviews and more. In fact, she supported herself in large part thanks to this channel. However, she also got some disability income because of the fact that she is legally blind due to an eye condition.

In any case, the sisters did a video together in 2014 called A Chubby Bunny Challenge. It’s received over two million views. And it helped gain them a following, Amy especially since it was her channel, that ultimately led to them getting the television show that has made them, considerably more famous. Tammy started her own YouTube Channel a few years later, in 2018, with her first episode showing her baking a cake.

What Were Their Lives Like Before The Show?

Amy and Tammy Slaton grew up in a financially unstable situation. They struggled with money and both found it hard to get and keep jobs because of their various health conditions. Amy was able to support herself through YouTube, and she also has a husband who works to support the family.

Reportedly the girls had a tough childhood. Family members, including their mother, called them names including fat and lazy. And yet, they did nothing to help the girls lose weight – neither by providing good nutrition nor by offering them emotional support. Tammy is 35 years old now and began comfort eating to excess at the age of 11 after the death of her grandmother.

In addition to the two sisters, they have two additional sisters and a brother. Their mother worked three jobs to support them on her own. Still, they never had enough money. The local church sometimes fed them or they ate fast food for meals.

Tammy Slaton’s Journey on 1000-Lb. Sisters

Obviously, by the time they were invited to be on their own show, both Tammy and Amy were extremely overweight. They both wanted to get bariatric surgery to assist them in their weight loss. Amy has gotten the surgery, had a child, and reached her goal weight since the show began.

Tammy, unfortunately, hasn’t had as much success. Much of the show has focused on her personal relationships, including two problematic boyfriends. Her relationship with Amy seems to have suffered since Amy has begun doing well in her weight loss journey, leaving Tammy behind. Amy attempted to help Tammy — hiring a home health aide but to no avail. Tammy often refuses to exercise, even just to walk to the mailbox, and continues to struggle with concerning health issues.

Where Does 1000-Lb. Sister Tammy Slaton’s Net Worth Come From?

Obviously, most of 1000-Lb. Sister Tammy Slaton’s net worth comes from her appearance on the sisters’ reality television show. Reports indicate that the sisters likely earn the same amount of money per episode for the show. Guesstimates place that amount at $5,000 per episode or $50,000 per season. The sisters are in their third season of the show right now and will likely get a pay increase with every new season.

Of course, that’s nothing to sneeze at. But $50,000 isn’t mega-rich either. In some states, it’s not even enough to pay the bills. Luckily, they live in Kentucky, which has a relatively low cost of living. That said, like many people, they want to earn more than that.

Therefore it’s no surprise that both sisters supplement their income. They do so in the ways that help grow income for many reality television stars: public appearances, YouTube and other social media advertising, merch sales, etc. Tammy Slaton has 135, 000 YouTube subscribers, with over 6 million total views.

What Is 1000-Lb. Sister Tammy Slaton’s Net Worth?

According to the latest sources, the two sisters have quite a difference in their net worth. Amy Slaton earns considerably more than her sister. Therefore, her net worth is about one-quarter of a million dollars. In contrast, reports indicate that 1000-Lb. Sister Tammy Slaton’s net worth is only about $100,000.

What accounts for the difference? In part, this has to do with the things that were going on before the sisters ever became reality television stars. Amy started earning money for herself on YouTube several years before Tammy did. She gained a bigger following and worked more at sponsorships and other opportunities. She was financially stable before her sister. Tammy is playing catch-up.

Additionally, one can speculate that perhaps Amy also gets more opportunities related to the show because of her “success” compared to Tammy. The point of the show is to highlight their weight loss journeys. Of course, those journeys naturally have ups and downs. But overall, Amy is viewed as successful in her weight loss. People who are interested in inspiring “before” and “after” stories are drawn into that. As a result, she might get more opportunities to earn income as a spokesperson, etc.

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