You don’t need to be a genius to know that fame equals fortune. You just have to look through your Instagram feed to know that’s the case. Some of the biggest names in the world have oodles of cash to their name, and this means that they have the financial freedom to buy whatever they want. They can buy a new sports car without even thinking about the cost, they can splash out on a new mansion just because they can, and they jet off on 15 vacations a year because it will barely make a dent in their bank balance. They’re living the life, right? Well, the lifestyle of the rich and the famous isn’t all it’s cracked up to be. After all, fame doesn’t last forever…
As celebs make their way into the limelight and rack up the dollar bills in the process, they often find themselves shelling out more money than they’re getting in. Any math whizz will know that this won’t end well for the person involved. They’ll soon be crying in their Ferrari and eating super noodles in their mansion as this money runs out quicker than they can say “bankrupt.” Although these financial difficulties don’t stop these celebs from trying to grab a second wind at fame, we all know that they can no longer afford their extravagant lifestyles.
As the daughter of a legendary TV producer, Aaron Spelling, there’s no doubt about the fact that this lady was born into the life of luxury. She spent her early life living off her father’s fortune, and then when the time came for Tori to make her own television debut, she was able to rack up an impressive net worth for herself.
Unfortunately, her stint on Beverly Hills, 90210, didn’t teach her what she needed to know about taxes and budgeting. Over the years she has been faced with countless lawsuits, and she’s even been in trouble with the likes of IRS and American Express. The rumor is that she now barely has enough money to keep a roof over her head…
If you’re a fan of The Real Housewives of Orange County, there’s a high chance that you’re also a fan of Alexis Bellino. Considering she’s on such a fancy and famous television show, you’d expect this woman to be rolling in the Benjamins – but that just isn’t the case.
Alexis and her husband struggled to keep up their mortgage payments on their $4.6 million mansion while they were together, and this has been following her around ever since. In fact, when the couple defaulted on their home, Alexis’ business also went bankrupt. Since then, she has tried to rise from the ashes again. It’s taking some time, but she’s getting there grain by grain.
This one might surprise you. Although it seems as though Nic Cage has been in every movie imaginable, he’s not quite as loaded as you may think. Sure, he’s earned a hefty wage for appearing in the likes of Con Air, National Treasure, Season of the Witch, and basically any Hollywood action movie, but he’s not the greatest at saving his money.
Over the years, Nic has spent his money quicker than he can earn it and has splashed out on luxuries such as his own private island, expensive and exotic pets, and a private jet. As if that wasn’t enough, he’s also been sued by his ex-wife for $13 million and been forced to pay $14 million in unpaid taxes to the IRS.
Although there are countless rappers in the world, there’s no doubt about the fact that 50 Cent is one of the most prolific. He has not only brought us impressive music, but he’s also brought us a clothing line and that strange band-aid on his face. However, things took a turn for the worse for Curtis Jackson in 2009 when he released an adult video of that featured a woman by the name of Lastonia Leviston.
He was forced to pay her $7 million during the lawsuit, but his payouts didn’t end there. Back in 2014, he was forced to declare bankruptcy after he had to pay out $16 million for a failed business venture. Let’s just hope that he at least has 50 cents to his name now.
Rupert Grint found himself overwhelmed with money from a young age. He was just 11 years old when he was cast as Ron Weasley in the Harry Potter movie franchise, and he quickly earned a hefty fortune from his magical acting talents. Although his co-stars continued with their careers after the story came to a close, Rupert shied away from the limelight and struggled to maintain a steady stream of work.
This had a drastic effect on his finances, and things became even more worrisome when he was forced to repay $1 million to the IRS after getting in some trouble. It seems as though Rupert is burying his head in the sand when it comes to his net worth, as he has admitted that he “couldn’t even guess” how much money he has in his account.
We bet Tyga is longing for the life of Travis Scott right now. As the former boyfriend of Kylie Jenner, Tyga was once rolling in cash and splashing his fortune on fancy cars, sparkling jewels and impressive real estate.
Unfortunately, the rapper has faced countless financial struggles over the years and is now suffering more than ever. He was sued in 2012, he was hounded by a jeweler for the $185,000 that he owed them in 2013, and then he found himself in even more trouble after failing to pay rent in 2015 and 2016. That same year, many of his sports cars were repossessed. Yikes.
As one of the most famous female singers in the world, Lauryn Hill was everywhere during the ‘90s and ‘00s. Everyone knew her name, and everyone knew her music, and soon enough, everyone knew her tax situation.
Lauryn found herself in deep trouble with the IRS from 2005 and 2007 as she outright refused to pay her taxes. Not only did she have to make her way behind bars and do the time for her crime, but she also had to pay them a whopping $554,000 in back payments. She is still struggling with money today.
Who watched Drake & Josh when they were younger? This show was a highlight of our childhood, and it seems as though it was definitely the highlight of Drake’s childhood. That’s because he managed to rack up an impressive net worth as a teenager, and things have gone a little downhill since then.
When the show came to an end, Drake tried to make his way into the music business, but he didn’t quite hit the ground running. His finances dwindled, and he was forced to give up his house in 2014 because he just couldn’t afford it any longer.
Lisa Marie Presley
With a name like Presley, you’d assume that this woman has more money than she could possibly count. However, that just isn’t the case. Lisa Marie Presley was once sitting on a metaphorical throne of money, but that all went downhill when she got divorced in 2018.
According to the official documents, she was faced with a hefty debt of just under $17 million no thanks to an unpaid mortgage and credit card payments. However, Lisa has pinned this blame on her financial manager, and is currently suing him for a whopping $100 million!
Back in 2016, Johnny Depp took the crown as the 5th richest actor in Hollywood, so what went wrong? Well, it seems as though he made some poor financial choices. He tried and failed to set up his own record label, and he even chose to shell out a huge fortune on an impressive yacht.
He soon realized the mistakes that he made and tried to pin the blame on his business managers for financial negligence. Unfortunately, as he tried to sue them, they clapped back with a counter-lawsuit. It’s believed that he’s now around $40 million in the red.
If you cast your mind back to the late ‘90s and early ‘00s, you might remember when Lindsay Lohan was all over your screens. She got her start in The Parent Trap and soon grew up in front of the cameras to star in the likes of Mean Girls and Freaky Friday.
Unfortunately, as she began to struggle with life in the limelight, she also struggled with her finances. She was paying out more than she was getting in, and a few legal issues meant that she had a few million dollars less than she had. She’s now trying to make a comeback, though so this could be the turn of Lindsay 2.0.
Do you remember the days of A Shot of Love with Tila Tequila? This MTV show proved to be incredibly popular during the ‘00s, and the woman herself found herself raking in the dollar bills. However, like many reality television stars, Tila’s career began to dry up. Instead of saving her money and curbing her spending, Tequila continued to live the life of luxury without the money to do so.
Things got so bad in 2016 that she actually begged her social media followers to donate to her GoFundMe page so that she could pay her rent.
Back in the ‘00s, Chris Tucker was at the height of his career. He made his mark on countless movies and comedy shows, and it seemed as though everyone wanted a piece of him. In fact, he once even made his way to the top spot as the highest-paid actor in the game.
However, like many in the world of show business, he didn’t quite know how to handle his fortune or his taxes, and he had to pay a hefty fine to the IRS. $14 million, to be exact! Although he was spared jail time, the fine took a huge chunk of his net worth, and he has struggled ever since.
Whether you know him as Bow Wow or Shad Gregory Moss, there’s no doubt about the fact that you probably knew him as Lil’ Bow Wow back in the early ‘00s. Although he seemed on top form, his rap career took a turn when he grew older and ditched the “Lil’” from his name.
He soon struggled to maintain his lavish lifestyle, and things went from bad to worse when he was ordered to pay the mother of his child a whopping $3,000 in child support. As if that wasn’t enough, he was called out in 2017 when he posted a fake picture on his Instagram page and was ruthlessly called out for it.
As the former wife of the late Nirvana frontman, Kurt Cobain, it’s fair to say that Courtney Love didn’t have to worry too much about money when she was a bit younger. She had her own fortune and that of her husband, but things have got a little sketchy over the past few years.
Alongside hefty payments to the IRS for failed tax payments, Love has also had to shell out nearly $30 million on legal costs for numerous lawsuits. This has taken its toll and taken a massive chunk out of her fortune.
There’s a high chance that if we asked you, you could sing a Toni Braxton song off the top of your head. That’s because she has released some impressive music over the years, but you might be surprised to know that it hasn’t paid off.
been noted that although she has sold millions of albums across the globe, Braxton has only received a tiny $2,000 in royalties since making a name for herself. Because of this, she has had to rely on other business ventures to stay afloat, such as her failed reality television show. Sadly, she still has to budget to keep a roof over her head.
Kim Basinger is one of those women that everybody knows. She has starred in countless movies and even had some rather high-profile relationships and marriages. However, she’s also one of those women who has struggled with her finances over the years, and she even filed for bankruptcy back in 1983.
Much of her money woes have come from the fact that she shelled out a huge portion of her fortune back in the day to buy a Georgian town. Although her aim was to transform it into something magical, she eventually had to sell it for $19 million less than what she bought it for.
Mischa Barton took the world by storm in the early ‘00s when she took on a leading role in The O.C. It seemed as though she could do no wrong as Marissa Cooper, but it just wasn’t enough for the actress.
She wanted more and decided to quit the show for a more serious shot at Hollywood. Unfortunately, things just didn’t quite work out how she planned. She struggled to obtain work and even struggled with her mental health. Things got even more serious when her own mother defrauded her out of her hard-earned money. Ouch.
Divorces are never easy, and Brendan Fraser found this out the hard way. After he and his wife decided to part ways in 2007, he was also going through a dry patch with work. He hadn’t landed any leading roles in a while, and it seemed as though his time in the spotlight had come to an end.
Because of this, he was struggling to pay the $900,000 a year that he was ordered to pay his ex-wife as part of their divorce agreement. He appealed to the court and noted that he just wasn’t earning enough to cover it.
As one of the most famous boxers in the world, it might surprise you to see this man on the list. After all, he’s one of the greats! Well, it seems as though greatness doesn’t always come with the ability to be money smart, as Tyson has spent almost all of his fortune.
After shelling out for pet tigers, golden mansions, and more parties than you could even comprehend, he soon found that the numbers in his bank account weren’t quite as high as they once were. Before too long the IRS got involved, and they wanted even more money from him. Today, it’s suggested that he has a net worth of just $3 million.
Known for running along the beach in a red swimsuit and dating rock stars, Pamela Anderson is the name on everybody’s lips. Many would expect this lady to be crawling with money, but that just isn’t the case.
Unfortunately for her, she just didn’t complete her tax return as requested, and soon realized that she owed the IRS thousands of dollars in back payments. Despite this, Pamela continued to live the life of luxury, and it seems as though this spending has now caught up on her. She’s worth only a fraction of what she used to have under her belt.
Abby Lee Miller
If you’ve ever watched Dance Moms, you’ll know that Abby Lee Miller isn’t afraid of pulling out all the stops when it comes to what she wants. It seems as though this is also the case when it comes to her earnings because she was sent to jail in 2017 for hiding $775,000 in a secret bank account to avoid tax charges.
Although she was set to serve just over a year behind bars, her deteriorating health meant that she was released early and sent to the hospital instead. Since then, she has recovered and tried to make her comeback on season eight of the reality show.
LeAnn Rimes became the youngest singer to ever win a Grammy back in 1997, and it’s fair to say that she took the music world by storm. Her songs were everywhere, and it seemed as though she was the name to beat.
However, as the years went by, LeAnn seemed to fight the moonlight and make her way out of the spotlight, and that didn’t help her bank balance. She tried to continue living the way she was accustomed, but she just didn’t have the money for it. Since then, it’s believed that LeAnn and her husband have been struggling to stay on financial track.
Jon and Kate Gosselin
Jon and Kate Gosselin were once the most famous parents in the world. With their eight children, they took the world by surprise when they introduced their large family to the realm of reality television. With ten people under their roof, the couple welcomed the $75,000 paycheck they received from each episode of the show, but this soon came to an end when their marriage did.
After Jon supposedly had an extramarital affair with their nanny, both Jon and Kate spent a fortune on legal fees to make their divorce official. Without a show or a complete family unit, they now have little to no income.
You don’t have to be a country music fan to know that Willie Nelson is kind of a big deal. Since making his musical debut over six decades ago, many would think that Nelson is sitting on a bed full of hundred-dollar bills.
However, that isn’t the case. After finding himself in hot water with the IRS, Nelson was forced to pay them a whopping $16.7 million. In true Willie Nelson form, though, he decided to make light of his situation and create an album based on his experiences with the IRS. This album did extremely well and helped him claw back some of the money he owed.
Nowadays, Cyndi Lauper is the woman on everyone’s lips. Her songs have become legendary, and her colorful persona even more so. But it might surprise you to learn that things haven’t always been this way for the singer.
In fact, you could say that this girl hasn’t always been having fun. At the start of her career, Cyndi’s band decided to part ways, and she found herself in a sticky situation. She had to bus tables and perform on the side just to keep a roof over her head. Thankfully, things have changed for better now.
When Janice Dickinson first came into our lives, she made a name for herself as one of the most beautiful and talented supermodels in the business. However, as she decided to switch from her natural look to something a bit more unnatural, her life began to unravel.
Her work dried up, and it soon came to light that she wasn’t paying her plastic surgery bills. By the time 2014 came along, she was forced to declare bankruptcy after having to pay $1 million in debts. Today, she is still struggling with money but trying to crawl back from her financial struggles.
Don Johnson may have an impressive acting career under his belt, but there’s no doubt about the fact that he has a less-than-impressive financial career to his name. That’s because his career and personal life took a nosedive in 2002 when the actor found himself in the midst of a money laundering scandal.
He was accused of breaking the law but was eventually cleared of all charges. However, this didn’t help his career, and he almost lost his home in 2008 after running up $14.5 million worth of debt. Since then, his career and his monetary situation have just never been the same.
You might know him as Vanilla Ice, but within the various lawsuits that involve this rapper, he is known as Robert Matthew Van Winkle. After releasing the smash hit, “Ice Ice Baby” back in the 1990s, everyone thought that Vanilla Ice was on the path to success.
However, his one-hit wonder soon led to financial difficulties which became even more troublesome when he got divorced. Although he tried to avoid paying his ex-wife the money he owed her, he was eventually forced to give up a huge amount of his fortune. It’s believed that he’s now worth around $18 million.
When Tia Carrere got her big break on General Hospital, she thought that she had hit the jackpot. She had a job that she loved, and she was being paid to act. However, like many other celebrities, Tia wanted more.
Although she had signed a legally binding contract for the soap opera, she tried to claim that she was being underpaid so that she could leave the show early and take on a new character in The A-Team. Unfortunately, the show wasn’t going to let her go lightly and decided to put up a fight. She lost her own lawsuit and also lost a huge amount of money in the process.
Mike “The Situation” Sorrentino
With a name like “The Situation,” you just know that Mike Sorrentino is going to be trouble. After making a name for himself on Jersey Shore, the reality star tried to make use of his five minutes of fame and transform it into something even more impressive.
However, it seems as though while he was busy doing that he forgot to pay his taxes. He was quickly picked up by the IRS and spent time behind bars for tax-dodging. Although he made his way out of the limelight because of this, he still thinks there’s a comeback on the horizon. We guess we’ll see.
Although some of the biggest stars in the world can sing, dance, and act, it seems as though they just don’t know how to pay their taxes. This was the case for Aaron Carter, who made his way out of the teen heartthrob category into the category of felons who didn’t pay their dues.
Over the course of his life, Aaron has had to shell out a huge portion of his fortune to pay back his debts, but he’s positive that he hasn’t reached the end of his career. In fact, he has a plan to get himself back in the limelight and back onto an even keel with his fortune.
Do you remember the days when Joey Lawrence was one of the main faces on your television screen? Back in the 1990s, he put his name to the likes of Brotherly Love, Blossom, and Melissa and Joey.
However, his career soon dwindled, and he struggled to maintain the lifestyle that he was so used to. By the time that 2017 came along, Lawrence and his wife had just $8,000 to their name and had to sell a huge number of their belongings on eBay to keep a roof over their head.
Wesley Snipes was once at the top of his game, but it seems as though they don’t teach you anything about the IRS in theater school. That’s because Wesley not only failed to pay his taxes, but he also knowingly filed false tax returns.
It seems as though he couldn’t pull the wool over the IRS’s eyes though, and he was later imprisoned for three years. Once he was out from behind bars, he still had a whopping $17.5 million debt to pay, and it seems as though this has taken a huge dent out of his bank account.
Amanda Bynes was once one of the most famous child stars in the business. She took on some of the coolest roles that Hollywood had to offer, and it seemed as though her career was set for the rest of her life.
Unfortunately, things didn’t go quite to plan. After struggling with her mental health and spending money on illicit substances, her fortune quickly dwindled. As if that wasn’t enough, it seemed as though nobody wanted to work with her anymore. Now, she’s worth just $4 million, which is small change in the celebrity world.