A modern person does not have enough annual vacations and their own homes for happiness, while Hollywood stars do not just spend crazy money on their crazy whims. And this is instead of investing a little money in a profitable business, business, stocks or other assets that could bring passive income, providing a comfortable and confident old age.
The idle life of many famous personalities quickly led to bankruptcy and ruin. There are cases when in the former popular actor at the sunset of his career he was forced to eat and live on the "handouts" of friends.
Consider the TOP 10 bankrupt celebrities as a good example of the stupid money handling.
10. Lindsay Lohan
The famous singer and actress received unashamedly huge fees for her projects. This allowed her to stay in luxurious rooms, wear designer clothes for tens of thousands of dollars, and also sparkle in public with precious stones. Add to this addiction to alcohol and drugs, which not only drain a lot of money, but also interfere with normal work. One fine day, the diva discovered that credit card debt exceeded half a lem of dollars, and after 2 years bankruptcy was expected on all fronts. Banks froze accounts, prisons and rehabilitation centers - this is the destiny of the famous spender.
9. Brendan Fraser
The famous actor of comedies and popular films is not so in demand in recent years. The inability to monitor finances and invest led to the fact that by 2000 he was forced to declare bankruptcy. True, the actor earned about 200 thousand dollars a month, but this was still not enough for countless accounts, alimony and PR services. Since Brendan practically does not appear on the screens, no improvement in financial well-being is expected. It’s a pity, because at one time he really “shone” on the screens and broke the hearts of numerous fans.
8. 50 Cent
The famous black rapper conquered the pop art of many countries of the world, and his videos have long held a leading position in the music charts. The state of the singer totaled $ 500 million, but rash acts and egregious luxury led to the loss of what was acquired. The last blow to the bank accounts was the need to pay 7 million damage established by the court. The singer posted an intimate video without the consent of the participants. At the moment, the prospects for 50 Cent are bleak, because show business is actively capturing more ambitious and young rappers.
7. Al Pacino
The famous actor made a large part of his fortune, playing the role of the wise mafia Mike Corleone. At the suggestion of his business manager, Al Pacino managed to stick into the famous “financial pyramid”, where he invested a huge amount and went bankrupt. He also owes the state about 200 thousand for late tax payments. Then the manager stole funds from the unfortunate and other shabby clients (Uma Thurman, Stallone) in the amount of about 30 million. Al was able to get out of bankruptcy on his own, for which he had to play roles in obviously unpopular films. This allowed to increase the state of the star to a size of about 165 million.
6. Pamela Anderson
The famous “Playboy” legend, a spectacular and popular lady, already in 2009 experienced financial difficulties. About 2 million dollars of debts accumulated for unpaid taxes and other accounts. For about 3 years, the star tried to somehow improve the situation, but nevertheless announced her ruin. In 2013, her luxurious mansion in Malibu was sold for 8 million. Elderly Pamela must take into account that young people have completely different tastes and concepts of beauty today, so the situation cannot be corrected with an artificially made body. What to do, you need to learn financial literacy.
5. Donald Trump
It is hard to believe that the president of America has become accustomed to bankruptcy since the 90s. He was forced to announce the ruin of companies four times in his life, while the financial condition was eaten by numerous resorts and expensive hotels. The economist assures that it is precisely such turns in business that make it possible to soberly assess the financial situation and be able to find solutions. Well, Donald came up with an excellent way out - he became president of one of the most economically powerful states. In addition to the official salary, we know other ways of increasing the wealth of the ruling elite at the expense of the people.
4. Lady Gaga
An expressive and talented singer managed to go broke in 2009, when she officially filed for bankruptcy. And this is at the peak of popularity and a successful career! As it turned out, her crazy and thereby interesting to the public stage images led to the ruin - expensive costumes and details for them. Debts totaled about $ 3 million, which forced the singer to moderate the costs and rush to correct the financial situation. Fortunately, a successful career and scheduled world tours provide a regular flow of money to a pop diva.
3. Stephen Baldwin
Alec’s older brother is more known to fans, however, the younger also appeared in some popular films that brought him good fortune. Then financial difficulties began, which forced the actor to lay down a house and even arrange an auction for the rest of the property. Unfortunate for many stars, 2009 was a momentous year for Stephen - he declared bankruptcy. Since then, the star leads a rather modest life, and directs extra income to charity and sponsorship of Christian programs. The actor also continues to act, but not so actively, and he is not chasing high-budget projects.
2. Wesley Snipes
The famous Hollywood actor managed to “knock together” debts of $ 12 million. In 2008, he was caught in financial fraud with taxes, which led to the collapse of popularity and career. It turns out that Wesley managed to evade the mandatory procedure of paying as much as 17 years! Numerous appeals delayed the day of being put in jail, but still justice triumphed, and even “grabbed” the remnants of the star’s state. Now the actor continues to act in not very popular films, which are still very far from Blade. In 2015, the star’s fund totaled about 1 million, but by 2018 the films “Armed Response” and “Return” corrected the financial situation well.
1. Chris Tucker
The charming black actor managed to appear in quite high-budget films, for which he gained popularity and a strong financial position. For only the third part of "Rush Hour", the actor grabbed 25 million. Chris lost the money due to his own stupidity, typical for Hollywood actors - the same tax refusal. In 2014, the debt account exceeded 14 million, which forced the actor to declare bankruptcy and sharply moderate his appetites. However, as of 2017, more than 11 million were registered on his account, which for our person already seems to be a prohibitive amount. Not so their "bankrupt" and poor, as it turned out.
Glory and popularity are not eternal, and sometimes very fleeting. Financial literacy would help many people stay afloat, especially if they taught it at school.