Contrary to common beliefs, not all celebrities are or remain wealthy throughout their career. Anyone, whether a regular guy or a mega-famous superstar, can go into debt if their funds are not carefully managed. Celebrities are especially vulnerable to mismanagement of riches. Although their jobs change, their lavish lifestyles do not. So, below, we’ve listed some great performers that started large, made enormous cash, and gained massive fame before mismanaging their money and going bankrupt. While some were able to get back on their feet, the fate of others is yet unknown.
Lindsay Lohan, one of the most renowned child stars, is a name you’ve probably heard of if you were a TV binge-watcher in the early 2000s. Sadly, despite having several hit films under her belt and a successful career, the offers for future films didn’t come to her easily.
Her finances deteriorated as her fame declined. Lindsay was discovered to be deeply in debt in 2012. The IRS confiscated her bank accounts, and she was accused of having multiple invoices with various merchants. She hasn’t had any significant acting roles since.
Gary Busey has been in several films. However, it all changed in 1988 when he was in a near-fatal motorbike accident. He lived but suffered from a severe brain injury, significantly influencing his career and life.
He couldn’t acquire many roles after the event because he had trouble recalling lines. The actor eventually became involved in several public blunders. He struggled with addiction and filed for bankruptcy in 2012, claiming to be in debt of $500,000. His net worth (as of 2021) is $500,000!
The teen idol of the 1990s had a lot going for her. Despite having a net worth of approximately $8 million, Byne’s last on-screen performance was in the 2010 film Easy A. She appears to have taken a permanent vacation from performing since then. Many believe it is due to her mental health issue.
On the other hand, Amanda was believed to have a severe drug addiction and a reputation for being erratic and untrustworthy. She tried her hand at music, but it never seemed to take off. As a result, it’s difficult to say what her current sources of income are, although her net worth looks to be $3 million.
Wesley Snipes is most recognized for his performance in the Blade film series. The first was a commercial and box office success, inspiring the production of two sequels. His mastery of martial arts permitted him to perform action scenes efficiently, and he appeared to have a natural comedy aptitude.
In 2006, the actor was accused of six counts of failing to file tax returns and failing to pay taxes from 1999 to 2004. He was found guilty on three prior counts and sentenced to three years in jail. His net worth is $10 million.
Janice Dickinson, dubbed the “world’s first supermodel,” was a household name in her day but is likely to be met with blank glances today. She was a model, author, and talent agent, among other things. Her popularity peaked in the 1970s and 1980s.
However, she quickly began to experience severe financial difficulties. Janice allegedly became hooked on cosmetic operations, damaging her mental health and putting her in debt. She ended up owing the bank $1 million and was accused of having multiple outstanding invoices from her operations.