Lost everything: 12 stars who had serious money problems (13 photos)
Big money affects people in different ways. Many people are “blown away” and they buy expensive yachts and luxury items, then falling into huge debts. The stars from this collection just went through this: for various reasons, they had problems with money, and it took them a long time to get out of them. Some came out with dignity and started their journey with a clean slate, while others are still under investigation. Let's take a look at the bright stellar evidence that money still loves counting.
1. Nicolas Cage
Years ago, Nicolas Cage was one of the highest paid actors in Hollywood. But he spent most of his fortune on strange purchases, including a $150,000 octopus and a $276,000 dinosaur skull. At the same time, the skull turned out to be stolen, and he returned it to the Mongolian government. The actor owned 15 houses around the world, including two European castles. But he ended up owing $6.3 million to the IRS and facing foreclosure on several properties.
2. Lindsay Lohan
After the films "The Parent Trap", "Freaky Friday" and "Mean Girls", Lindsay Lohan gained worldwide popularity. Then, as litigation, drug problems and other complications became more frequent in her life, her career began to decline. At the peak of her popularity, the actress had $28 million in her account, but during a difficult period of her life she spent most of this amount. Fortunately, Lindsay is now recovering and reviving her career by starring in new projects.
3. Rapper T-Pain
Rapper T-Pain was also wildly rich at one time, lost everything and became rich again. The singer once had $40 million in his account, but failed real estate investments and impulse purchases left him penniless. For example, he once bought a Bugatti and returned it five months later, having lost $400,000. As he said in an interview, he "had to borrow money to buy burgers for his children." After that period, he learned that there is no need to chase money. He also thanked his wife for supporting him in difficult times, and now focused on family.
4. Toni Braxton
Singer Toni Braxton also had money problems. At some point, thanks to the hit "Un-Break My Heart", she became one of the best-selling singers in history. But she filed for bankruptcy twice. According to the singer, this was partly due to deception in the music industry, and partly due to her love of shopping, especially things for the home.
5. Stephen Baldwin
In 2009, actor Stephen Baldwin filed for bankruptcy. According to ABC News, he owes $2 million on his house, credit cards and taxes. In 2013, he admitted to failing to file tax returns for three years in a row and agreed to pay $300,000 in unpaid taxes.
6. Rapper MC Hammer
After the wild popularity of the song "U Can't Touch This", rapper MC Hammer's popularity skyrocketed. His income in 1990 was estimated at $33 million. However, the rapper led an ostentatious lifestyle: he built a custom-made mansion on a huge grounds with two swimming pools, a nine-car garage, four dishwashers and a rehearsal room. In 1996, he filed for bankruptcy. His debts amounted to at least $10 million.
7. Kim Basinger
In 1989, actress Kim Basinger purchased a small town in her home state of Georgia for $20 million. This is a town with one stop and 500 inhabitants. According to rumors, Kim planned to revive the city and build a film studio there. But she failed. The actress later refused to participate in the film she had agreed to star in - and the studio sued her for breach of contract. She was ordered to pay more than $8 million. At the same time, Kim filed for bankruptcy, but later she was able to negotiate with the studio and pay less.
8. 50 Cent
Rapper 50 Cent filed for bankruptcy in 2015 with $36 million in debt after losing a multimillion-dollar lawsuit. However, bankruptcy gave him the opportunity to start life with a clean slate.
9. Musician Willie Nelson
Willie Nelson is one of the most successful country musicians of all time. And he also had serious problems with the tax service due to non-payment of taxes. In 1990, his property, including a golf course and a recording studio, was seized in six American states. To pay off his $16 million debt, Nelson reached an agreement with the government and recorded a new album. He managed to repay the amount partially.
10. Christy Carlson Romano
American actress and singer Christy Carlson Romano admitted in an interview that at one time, when popularity overwhelmed her, she spent money thoughtlessly. The actress spent huge sums on shopping, expensive cars, and once spent money on a psychic who “stole a lot of money from her.” Christie admitted that she never knew how much money she made - it was simply at her disposal, and she did not care about counting it. Only after a while did she finally learn to count money and spend it correctly.
11. Francis Ford Coppola
Film director and screenwriter Francis Ford Coppola (The Godfather and Apocalypse Now) also directed the 1982 film From the Heart. He was so passionate about the project that his own production company even financed it. The film ultimately earned only $600,000 on a $26 million budget. This led to serious problems in the next 10 years: Coppola filed for bankruptcy three times.
12. Chris Tucker
Actor Chris Tucker made a fortune from the Rush Hour franchise, earning $25 million for the third film alone. But in 2021, the IRS sued him for $9.6 million for unpaid taxes over various years. Just last year he managed to reach a settlement and agreed to pay $3.6 million.