Celebrities earn really good income for filming movies, music concerts or other events. But even they may face bankruptcy, large debts or other financial problems. We can distinguish several foreign stars who at some point in life were forced to suffer from a lack of funds.
Michael Jackson
Before the death of Michael Jackson in 2009, information about his deplorable financial condition constantly appeared in the media. The total debt exceeded $ 400 million, so the singer even planned to sell his famous house in Neverland.
Michael Jackson was constantly issuing loans to ensure a luxurious standard of living. He could not cope with a serious financial burden, and this was aggravated by constant lawsuits. The accountant of the star before the death of the singer estimated that the amount of debt exceeded $ 400 million. After the sale of the property, I managed to cope with all the debts.
Nicolas Cage
He is a famous Hollywood actor, whose income for the year reached $ 40 million. But at the same time, he was famous for his squandering and inability to manage capital. He bought a huge number of different houses, cars and even rare artifacts.
Already in 2015, information appeared that he had completely spent his fortune, which exceeded $ 150 million. Arrests were imposed on his property, and he was also forced to sell many expensive personal items.
Mike Tyson
The heavyweight champion earned more than $ 400 million in his career, but in 2005 he left boxing, which led to serious financial problems. The man used to live luxuriously, but at the same time did not receive the same income. In 2003, he had a debt of 23 million dollars.
The boxer filed for bankruptcy, went to prison and underwent rehabilitation, which allowed him to regain financial stability. He was able to pay off debts to the tax office, lawyers, personal trainer, financial manager and music producer. Already in 2018, Tyson founded The Ranch Companies in California, returning its former solvency.
Stephen Baldwin
This famous actor filed for bankruptcy in 2009. At this time, he owed money to banks and the tax service. Even by 2017, he could not cope with financial problems, so his house was sold at auction. In the same year, the actor was arrested, received 5 years probation and paid 300 thousand dollars in the form of a fine for tax evasion. Now the man lives on a farm and is trying to open his own film-making company.
Fifties Saint
50 Cent (translated as "50 cents") is a famous rapper who was popular in the late 90s. But in 2015, it was revealed that he had debts of $ 32.5 million. He refused to pay child support and taxes, so in 2016 he was declared bankrupt.
Dennis Rodman
He was a well-known basketball player, but in 2012 his lawyers stated that he did not have money to maintain an optimal standard of living. He could not pay child support, and also owed his ex-wife more than 800 thousand dollars. Rodman was recently charged with stealing a 400-pound amethyst crystal from a yoga studio, as well as clothing worth more than $ 500.
Kim Basinger
She is a famous and beautiful actress who received huge fees for shooting. In 1989, she bought a huge piece of land in Georgia, planning to create a theme park or movie studio. But already in 1993, Kim declared bankruptcy, so she sold real estate.Now the woman has improved her financial situation, continuing to act in various films and series.
Marvin gay
The famous singer went bankrupt due to large alimony debts. In 1996, he received a Grammy, and also received huge fees for concerts. But in 1976 he became bankrupt, as he was forced to pay his ex-wife more than 600 thousand dollars in alimony. In 1984, the singer was shot dead by his own father.
Burt Reynolds
He was a famous actor in the 80s, but declared bankruptcy in the 90s. He claimed that he had spent all the money because he did not monitor his spending. He bought many houses, a private jet, horses and even wigs. He faced an expensive divorce, so he was forced to pay a huge sum of money to his ex-wife. In 1996, he had debts of $ 10 million.
Willie Nelson
He is known as a country singer, as well as a drug lover. The man for a long time did not pay taxes, so he had a debt in excess of $ 16 million. The man could not pay such an amount, so tax officials searched his house, confiscating all valuables. 20 houses and apartments were sold, and the tax authorities took away his musical instruments and collections. Fans donated a huge amount of money to the singer, with which he was able to cope with the debt.
Even celebrities often have serious financial problems, so they become insolvent individuals. Some stars cope with such difficulties, while others continue to live in poverty.