13 Celebs Who Had Poor Money Management And Lost It All (And How)

[ad_1]

13 Celebrities With Poor Money Management

4.

With songs like “Un-Break My Heart,” Toni Braxton is one of the best-selling female musical artists in history. But she filed for bankruptcy twice, telling ABC News that it was partially due to the setup of the music industry. Apparently, she only received a $1,972 royalty check from her first recording contract. However, she admitted having a serious home decor obsession: “I love dishes and house things, so I kind of lost it a little bit on the houseware.” She said she lost touch with reality while indulging in the “girly things.”

5.

Heidi Montag and Spencer Pratt shot to stardom on MTV’s The Hills. At the height of their fame, they brought in $2 million per year, according to People magazine. However, the couple also spent lavishly: $1 million on clothing for Heidi, another $1 million on a crystal collection for Spencer, and expensive dinners with $3,000 bottles of wine. “We were keeping up with the Joneses, but we were going against Tom Cruise and Katie Holmes,” Spencer said. “We should have stayed in our reality TV lane.”

8.

Despite being one of the most successful country artists of all time, Willie Nelson found himself in deep trouble with the IRS for not paying taxes. In 1990, his property — including a golf course and recording studio — was seized across six states. The singer hilariously struck a deal with the government and recorded the album The IRS Tapes: Who’ll Buy My Memories to pay off his $16 million debt. While it didn’t cover the full amount, it made a dent, and he paid it all off later.

11.

Without a doubt, 50 Cent was one of the biggest rappers of the 2000s. But after losing a multimillion-dollar lawsuit, he filed for bankruptcy in 2015 with $36 million in debts and assets of less than $20 million. In a 2020 interview with the Guardian, he said, “Businesspeople will do [bankruptcy] in a heartbeat before losing money. Because it means they have the ability to be secure and invest again.” Apparently, bankruptcy gave him the ability to start fresh, paving the way for his hit show Power and a lucrative deal with a TV network.

13.

And finally, Christy Carlson Romano was a Disney Channel star best known for Even Stevens. However, two years ago she posted a candid YouTube video about her financial journey. The actor recalled spending on shopping trips, expensive cars, and a psychic who “managed to get a lot of money from me.” She continued, “I had this money at my disposal. I was never told how much money I was making. Money didn’t have a purpose for me; I didn’t really know what it was. I just knew that I had it and didn’t care about it. That’s a problem.”

[ad_2]

Read More:13 Celebs Who Had Poor Money Management And Lost It All (And How) Celebs Lost management Money Poor

Eva Mendes on Working With Husband Ryan Gosling for First Time: “Never Experienced Anything

Thailand Live Wednesday 27 March 2024

Celebritles

The Showreel Sexter: He Helped Young Actresses Showcase Their Skills For Series Like…

Celebritles

Dhanush’s ‘Kubera’: What’s Up With No Stardom in Telugu?

Celebritles

Josh Hartnett Says Attending Taylor Swift’s Eras Tour Helped Him Understand ‘Trap’…

Celebritles

Rowoon sends a sweet message to his former co-star Kim Hye Yoon at her fan meeting in…

Celebritles

Lee Si Young reveals secrets behind her impressive muscles for ‘Sweet Home…

Celebritles

Min Hee Jin denies allegations of stealing NewJeans members from Source Music, plans…

Prev Next

Comments are closed.

/* <![CDATA[ */ var bs_pagination_loc = {"loading":"<div class=\"bs-loading\"><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><\/div>"}; /* ]]> */ /* <![CDATA[ */ var publisher_theme_global_loc = {"page":{"boxed":"boxed"},"header":{"style":"style-2","boxed":"boxed"},"ajax_url":"https:\/\/livenews.one\/wp-admin\/admin-ajax.php","loading":"<div class=\"bs-loading\"><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><div><\/div><\/div>","translations":{"tabs_all":"All","tabs_more":"More","lightbox_expand":"Expand the image","lightbox_close":"Close"},"lightbox":{"not_classes":""},"main_menu":{"more_menu":"enable"},"top_menu":{"more_menu":"enable"},"skyscraper":{"sticky_gap":30,"sticky":false,"position":""},"share":{"more":true},"refresh_googletagads":"1","get_locale":"en-US","notification":{"subscribe_msg":"By clicking the subscribe button you will never miss the new articles!","subscribed_msg":"You're subscribed to notifications","subscribe_btn":"Subscribe","subscribed_btn":"Unsubscribe"}}; var publisher_theme_ajax_search_loc = {"ajax_url":"https:\/\/livenews.one\/wp-admin\/admin-ajax.php","previewMarkup":"<div class=\"ajax-search-results-wrapper ajax-search-no-product ajax-search-fullwidth\">\n\t<div class=\"ajax-search-results\">\n\t\t<div class=\"ajax-ajax-posts-list\">\n\t\t\t<div class=\"clean-title heading-typo\">\n\t\t\t\t<span>Posts<\/span>\n\t\t\t<\/div>\n\t\t\t<div class=\"posts-lists\" data-section-name=\"posts\"><\/div>\n\t\t<\/div>\n\t\t<div class=\"ajax-taxonomy-list\">\n\t\t\t<div class=\"ajax-categories-columns\">\n\t\t\t\t<div class=\"clean-title heading-typo\">\n\t\t\t\t\t<span>Categories<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"posts-lists\" data-section-name=\"categories\"><\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"ajax-tags-columns\">\n\t\t\t\t<div class=\"clean-title heading-typo\">\n\t\t\t\t\t<span>Tags<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"posts-lists\" data-section-name=\"tags\"><\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>","full_width":"1"}; /* ]]> */