Celebrities that got into real debt

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.

 

Speak Your Mind

*