Who needs to be a millionaire? Well, almost nobody would refuse 1,000,000 dollars, but for plenty of celebs one million approach little or no when confronted with exorbitant debt. Lots of other people dream of the privileges that status entails, corresponding to free presents, sponsorships, and an army of adoring enthusiasts. The sky is the limit... Or so it could seem. Once the fairy story way of life comes to an finish, the rosy fantasy can develop into a nightmare.
If there's one thing these celebs have learnt, it's that repute is fleeting and showbiz is a fickle business. One minute a celeb is on cloud 9, eating caviar and flying in a private jet, the subsequent they are auctioning off all their possessions. While some celebs are ready to deal with a lavish lifestyle with (*10*), others don't seem to be so fortunate. Many of these celebs made poor financial decisions, however in some cases, these losses are not the fault of the celebrity; fairly, the greed of others caused their downfall. In order in their losses, here are 10 celebs with a negative net worth.
10 Dennis Rodman, -$500,000
While the former NBA famous person has had slightly of a resurgence in popularity because of his colorful personality and look in recent Netflix documentary The Last Dance, he is nevertheless facing a dire financial situation.
At the top of his fame, he was incomes $27 million, however criminal troubles, problems with alcohol, and costly divorces have left him with a negative net worth.
9 Gary Busey, -$500,000
The oddball actor never quite fit into Hollywood, coming throughout as a extra erratic and unkempt Nick Nolte. Despite an appearing resume that spans Five a long time, Busey is in all probability highest known for his appearances on fact TV shows Celebrity Rehab and Celebrity Big Brother, where he used to be crowned the winner. Much of his money used to be unfortunately lost to drug abuse and he had to document for bankruptcy in 2012.
8 Drake Bell, -$600,000
Bell used to be a lot cherished on The Amanda Show and Drake & Josh, showing his captivating comedic abilities. Unlike his far more successful co-star Josh Peck, Drake Bell is in a troublesome financial state of affairs. In 2014, he filed for bankruptcy, owing $1.6 million in loan repayments.
7 Randy Quaid, -$1 million
Randy Quaid by no means loved the similar prosperity as his more well-known brother, Dennis. He has skilled a lot of legal troubles, including legal fees for squatting in the house he and his wife used to own. Subsequently, he has gathered a debt of $1 million and ended up dwelling as a fugitive for moderately some time.
6 Aaron Carter, -$2 million
The former child idol used to have millions of dollars to his name. That all changed, on the other hand, in 2013 when he used to be compelled to report for chapter, owing thousands and thousands of dollars in unpaid taxes.
As is unfortunately common with many former kid stars (Macauley Culkin and Gary Coleman were in a similar fashion swindled), most of Carter's earnings went to his folks, who offered him a meagre $2 million out of the $2 hundred million he made at the height of his career.
5 Stephen Baldwin, -$2 million
The actor and father-in-law of Justin Bieber has been in financial difficulty for over a decade. Baldwin and his spouse misplaced their New York home to foreclosures, having incurred an enormous $2 million debt. The house was submit for public sale and bought again to the bank for just $100.
4 Sinbad -$Eleven million
In the '90s, comedian Sinbad used to be on best of the international and a household identify known for his well timed observational humor. Although he made some huge cash as a comic, he filed for chapter in 2009, owing thousands and thousands of bucks in income tax in addition to having incurred other important money owed.
3 Teresa Giudice, -$Eleven million
The Real Housewives of New Jersey star hasn't made in particular wise financial selections. In 2016, she and her husband, Joe, faced 39 fraud fees and pled responsible. The pair were accused of hiding assets from their collectors in order to get a $Five million loan mortgage. She served 11 months, while her husband used to be jailed for three years.
However, Giudice's bankruptcy case was once reopened after she was launched from jail and her debt continues to hang-out her.
2 Chris Tucker, -$11.Five million
Tucker was a big megastar, along with his Rush Hour film collection grossing hundreds of thousands and thousands of dollars. But between deficient monetary decisions and his association with highly problematic figures, he has fallen out of favor in contemporary years. He has unpaid taxes dating all the way back to 2001, giving him a hefty negative net worth.
1 50 Cent, -$32.Five million
Sadly, the once a success rapper, whose songs have been constantly performed on TV, has found himself in massive debt. This is most commonly because of unhealthy business choices, leaving 50 Cent with a stunning -$32.5 million net worth. In 2015, he had an impressive net worth of $one hundred fifty five million, but just one year later he used to be left bankrupt, owing $32.Five million after a succession of failed business ventures.
His clothes logo, G-Unit Clothing, used to be to start with popular, but suffered critical losses in 2008. Moreover, the rapper was once overspending on the whole lot from personal grooming to luxury vehicles, all contributing to his dire financial situation.
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