How Did Lindsay Lohans Net Worth Drop Below $1 Million?

In 2004, Lindsay Lohan had amassed a $30 million net worth due to starring roles in films akin to Mean Girls, Freaky Friday, and The Parent Trap, which had all fared exceptionally effectively at the box office.

The following year, in 2005, LiLo used to be named one of the most highest-paid actresses in Hollywood, earning as much as $8 million in step with movie — and whilst she still had a lot of attainable to make even more money, Lohan ruined it all because of her alleged poor habits and many public outbursts.

While the afflicted celebrity, who plans to return to acting this year, may have concept that the thousands and thousands she used to be making have been going to proceed pouring in for an entire life, LiLo was once fallacious, along with her net worth now having fallen to a measly $800,000. So, how exactly did Lohan get herself into such a unhealthy financial state of affairs and where did all of her money move? Here’s the lowdown…

Lindsay Lohan’s Money Problems

To say that Lohan made a fortune from her movie occupation could be a real understatement. By 2005, the 34-year-old was relatively literally a global household identify, and with the success of 2004’s Mean Girls came one of her highest-paid roles.

That same yr, she used to be set to big name as Maggie Peyton in Herbie: Fully Loaded alongside Michael Keaton, Matt Dillon, Justin Long, and Cheryl Hines. The film itself made as regards to $150 million on the box place of work and earned Lohan a wage of $7.5 million.

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Also in 2005, the New Yorker dropped her 2nd studio album A Little More Personal, and while it’s unclear how much money she made from her short-lived music career, the mission was once typically well-received, promoting over 500,000 copies in the US.

Its predecessor, Speak, which used to be launched in 2004, had sold one million units in america and reached an all-time peak at No. 4 at the Billboard Hot 200, so there was once obviously a demand for music from Lohan, and along with her movie profession doing better than ever, dibbing out and in of music was once simply any other passion of hers.

After unending headlines about her alleged unhealthy conduct on set, lacking crucial work meetings, and stumbling out of the nightclub each and every other week in Los Angeles, Lohan used to be considered a legal responsibility and used to be no longer getting the big-paying jobs.

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Her last large wage for a movement image came when she was solid as Rachel in 2007’s Georgia Rule, and while she used to be offered a habitual role on Ugly Betty the following year, Lohan’s career had taken an enormous hit because of the entire unfavourable press she had acquired.

Her a couple of rehab stints also haven’t been affordable both. Lohan has been out and in of rehab for almost twenty years, and while lovers would think that any individual as “wealthy” as LiLo would have the ability to have enough money the hefty prices, it was rather the other.

Lohan wasn’t simply paying expenses for her rehab keep, she used to be also making sense of all the unpaid taxes that had accumulated over time. In 2012, as an example, she owed $233k and in 2017, she owed any other $100k.

In 2011, she used to be additionally sued for failing to pay $100k for services provided by means of a limousine corporate, in keeping with E! News, while some other $40k bill was served to her at a Las Vegas tanning salon in 2012, which had additionally now not been paid.

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On top of that, let’s now not overlook the time Lohan lost a Hermes Birkin purse worth between $50k-$200k in 2006. To make issues worse, she had $1 million worth of jewelry inside the bag, which went missing at London’s Heathrow Airport, as consistent with Toronto City News.

Since her performing days are more or less over, Lohan has been looking to jumpstart other ventures that may give any other money drift. She became her attention to a Mykonos Beach Club, which opened again in 2018.

The following 12 months, on the other hand, all the assets were abandoned, main enthusiasts to consider that trade wasn’t operating as smoothly as Lohan would’ve hoped and he or she gave up on the project.

"A look into the club’s TripAdvisor page seems to confirm that the Beach House is no longer. Several users complained about trying to call and make reservations, only for no one to answer the phone,” Refinery29 writes.