Money and fame don’t always ensure a life free from economic problems – just ask these 20 celebrities who have encountered their fair share of money sorrows. Despite their fame and fortune, these stars have faced financial difficulties that remind them that even the rich and famous aren’t resistant to the ups and downs of economic reality.
Shia LeBeouf
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Actor Shia LeBeouf has a reputation for “bad-mouthing” everything Hollywood-related, which has taken its toll on his career. Although the guy is still reportedly worth $25 million, he’s having a hard time getting work owing to many burnt bridges.
Nicolas Cage
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Known for his wild and eccentric spending habits, Nic Cage was forced to declare bankruptcy in 2008. It was also revealed that he owed taxes to $13 million and had to sell multiple properties to get his finances back on track.
Lindsay Lohan
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Lohan’s finances have naturally mirrored the erratic nature of her personal and professional life. In 2012, she had racked up IRS bills, legal fees, and other debts, which reduced her then-estimated $40 million fortune to less than $1 million.
Mike Tyson
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Despite a successful boxing career and even dabbling in a movie or two, Iron Mike isn’t immune to financial failure. Owing to numerous legal troubles, Tyson quickly went from riches to rags in the space of a decade.
Johnny Depp
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Despite a glowing career, Johnny Depp’s personal life has impacted his professional life, which has had a knock-on effect on his finances. The actor reportedly has very expensive taste, too, spending $30,000 monthly on wine.
Michael Jackson
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Despite being the undisputed king of pop, Jackson was seriously broke when he died in 2009. Supposedly, his legal troubles had eaten over £20 million of his fortune.
Floyd Mayweather Jr.
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Rumors of Mayweather’s squandered fortune have been rife for many moons. And his coming out of retirement in 2021 to fight Logan Paul only added fuel to the fire.
Stephen Baldwin
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The Baldwin clan is well-known for dancing with controversy. In 2009, two divorces and unpaid back taxes forced the actor to declare himself bankrupt.
50 Cent
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In 2015, Fiddy was embroiled in a lawsuit involving a sex tape, which prompted him to declare bankruptcy, supposedly to “protect his wealth.” The lawsuit cost the rapper an eye-watering $23 million in payouts alone. Ouch.
Dennis Rodman
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Despite a glittering basketball career, Rodman has had his fair share of financial mishaps. At the height of his career, he was worth $27 million, which has been reduced to a mere $500,000, owing to an extremely shady financial advisor who all but took him to the cleaners.
Kim Basinger
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Screen queen Kim Basinger is no stranger to legal troubles. She allegedly had to file for bankruptcy when she backed out of a movie contract, which forced her to pony up $8 million in damages.
Meat Loaf
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Despite a successful singing and movie career, Meat Loaf has known what broke is during his time. He was reportedly involved in 45 lawsuits in the 1980s, devoting much of his fortune to legal fees.
Willie Nelson
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Country music star and pot enthusiast Willie Nelson has a colorful history of tax evasion. In 1990, all of his assets were seized by the IRS when it was revealed he owed over $32 million in back taxes.
Aaron Carter
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Tragic child star Aaron Carter is a fine example of too much too young. Despite a brilliant career in the 1990s, he’d racked up more than $4 million in unpaid taxes at his death in 2022 and was broke.
Tori Spelling
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Despite the successful TV production dynasty to her name, Spelling isn’t exactly rolling in it. Despite her father, Aaron Spelling, being worth a whopping $600 million, his children – including Tori – saw very little of that when he died in 2006.
Courtney Love
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Despite Love’s well-documented reckless behavior over the years, she blames shady financial advisors for squandering her finances in the early nineties. She was allegedly so broke she and her daughter moved in with her stepdad to avoid being on the streets.
Brendan Fraser
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Divorce can wring anyone’s finances clean, and The Whale star, Brendan Fraser, is no exception. His 2009 divorce saw him having to cough up $900,000 in annual alimony.
Toni Braxton
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The nineties soul singer has filed for bankruptcy not once but twice in her young years. By 2010, the ‘Unbreak My Heart’ singer was wading into $15 million of debt.
Pamela Anderson
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What do you get if you add two divorces with a bad shopping habit? A lousy credit score. The nineties bombshell supposedly had to sell her Malibu home in 2013 to cover growing debts.
Lena Headey
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Divorce can hurt both the soul and the wallet. Just ask Game of Thrones star Lena Headey. The Brit actress lost almost all of her assets in an ugly divorce that saw her with less than $5 in her bank account at one time.
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