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These Celebs Were Once Rich But Now They're Broke (10 pics)

  • Category: Celebs  |
  • 6 May, 2014  |
  • Views: 16660  |
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Oh how the mighty have fallen. These celebrities were once some of the richest people in the world. Now they're barely getting by. Find out why.

Pamela Anderson
Every year, the state of California releases this famous list of the state’s top 500 delinquent taxpayers. It surprised everybody to see Playboy Model Pamela Anderson make the list in 2009. Pamela owed nearly $500,000 in state taxes and was rumored to owe another $1.7 Million in federal taxes.
Pamela was known to have expensive tastes but didn’t have the deep pockets to back up the lavish expenditures.
In 2013 Pamela put her Malibu beach house on the market to settle her debt (pics here). If you’re not interested in buying the home outright for $7.7 Million, you can rent it for a paltry $40,000 a month.

1 These Celebs Were Once Rich But Now They're Broke (10 pics)

Aaron Carter, the younger brother of Backstreet Boy Nick Carter, is flat broke. Aaron didn’t think paying his taxes was necessary and owes $1,370,000 to the IRS.
When Aaron filed for Chapter 7, his only assets listed were:
… a 61″ flat screen worth $500. 2 MacBooks, 2 Headset Mics, a Mini Keyboard, Portable Beats, a speaker, a guitar, $60 in cash, Louis Vuitton backpack, a duffle bag and a printer worth a total of $2,500, and a Brietling watch worth $3,750. Aaron even listed his dog, with a monetary value of zero.
Aaron is now “living with a family member.”


2 These Celebs Were Once Rich But Now They're Broke (10 pics)

Randy Quaid
After a stellar run of hits in the 80s and early 90s, Randy Quaid filed for bankruptcy in 2000. The next decade, he worked very little and was arrested in 2012 on felony vandalism charges. Somehow, he coughed up with $500,000 to post bond and get out of jail, but Randy never showed up in court, forfeiting all the bail money and digging himself even deeper into debt.


3 These Celebs Were Once Rich But Now They're Broke (10 pics)

Dan Marino
You all remember the famous hologram of Tupac Shakur at Coachella last year? The company behind the hologram was called Digital Domain. Dan Marino sank an estimated $14 Million into the company just in time for Digital Domain to file for bankruptcy, sinking all Dan’s investment with it. Dan still has some change laying around. He made millions over his NFL career, but that one stings.


4 These Celebs Were Once Rich But Now They're Broke (10 pics)

R&B Singer Toni Braxton loves to spend money. So much so she actually went bankrupt TWICE. The first time in 1993 at the height of her fame. Songs like “Unbreak My Heart” and “You’re Makin’ Me High” earned her a pretty penny but Toni was notorious for having “extremely lofty spending habits.”
After digging herself out of debt, she fell back into her bad spending habits and filed for bankruptcy again in 2010. Apparently, if you know it’s fire, you do let it burn your hand.


5 These Celebs Were Once Rich But Now They're Broke (10 pics)

When Burt Reynolds famously filed for bankruptcy in 1996, he had a whopping $10 Million in debt. Burt’s mortgage lender foreclosed on his dinner theater and took his ranch. That same year, Burt won the Golden Globe for Best Supporting Actor in “Boogie Nights.” How bittersweet it is.




6 These Celebs Were Once Rich But Now They're Broke (10 pics)

Flashy NFL wide receiver Andre Rison is open about just how bad things got before he went flat broke. He would spend millions on jewelry and cars, he bought a couple lavish homes – one of which was burned down by TLC’s Lisa “Left Eye” Lopez.
Andre never really knew how much money he was spending until he cut a $20,000 check to a friend for a new music studio and it bounced. For a guy that earned $19 Million over his career, that’s a long way to fall.
Andre now gives guest lectures to athletes on how to avoid the mistakes he made.


7 These Celebs Were Once Rich But Now They're Broke (10 pics)

In 2010, three-time MLB all star and World Series Champion Lenny Dykstra was so far in debt he was forced to auction off his World Series ring. Lenny started “Player’s Club,” a high-end jet charter and luxury magazine that went belly up. He went on to purchase Wayne Gretzky’s home for $17.5 Million, which was highly overvalued and the downward spiral was on.
Lenny was beyond broke and turned to a life of crime. In 2012, Lenny was convicted of fraud on top of pleading no contest to exposing himself to women he met on Craigslist. Classy.


8 These Celebs Were Once Rich But Now They're Broke (10 pics)

Mark Twain filed for Bankruptcy??? In 1895 it was called ‘insolvency’ but basically the same thing. Mark sank his fortune into a new typesetting machine that didn’t really work. His publishing company also collapsed. Mark was able to erase his debt with a global speaking tour and several new books.


9 These Celebs Were Once Rich But Now They're Broke (10 pics)

Vince Young is perhaps one of the most cautionary tales in the history of the NFL, which is saying a lot. His story is an example for many young athletes on what never to do. Vince signed a 5 year, $56 Million contract with $25.7 Million guaranteed. First, Vince trusted his uncle, a grade school teacher, with his finances. It was normal for Vince to blow through $30,000 at a time at the clubs. Alarms were raised when, after three years in the league, Vince was found unconscious in a club after chugging Tequila.
Even in 2011 when Vince knew the end was near, he insisted on throwing himself a $300,000 birthday party. It all ended when he took out a high interest $1.8 Million dollar loan that he never repaid. The interest grew to $2.5 Million quickly and a judge finally ordered his assets seized. They took everything, leaving Vince with $60,000 to live on.
To make supplemental income Vince often signs autographs… for $59 a pop.
He still owes over $1M dollars.


10 These Celebs Were Once Rich But Now They're Broke (10 pics)


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№1 Author: k0mmon (7 May 2014 01:42) Total user comments: 90


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You live and you learn.....like these idiots :13: :59:
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№2 Author: candysack (7 May 2014 01:44) Total user comments: 1436


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and considering that most of these people earned their furtune waaay too easy compared to the rest of us.
doctors, who save lives, should have 56 mill 5-year contracts
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№3 Author: 1234 (7 May 2014 02:15) Total user comments: 1878


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:02: espn 30 for 30 broke is good insight on these athletes losing everything...and you some what make sense of how they lose 100million contract
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№4 Author: adzhoe (7 May 2014 04:45) Total user comments: 14959


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too bad..
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№5 Author: loveandhate (7 May 2014 08:56) Total user comments: 1543


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this is story ..unless you are free to read it ..move on :P

Once a man tried to teach his son a lesson in life because he is so dependent on him and just spend his fathers money because he is so rich , so he told him i will not give you any money ,go work and bring me everyday 50 $ to prove that you actually did anything to earn the money ,so the boy started to sleep everyday while his father out and when his father almost came ,his mother would wake him up and give him 50$ so that he give it to his father, and when his father comes he gives it to him..so his father take it and look at him and say .meh you did not earn it ,and he throw it in the fire and the boy stand still ,,so that happened over and over and one time the boy actually went and did a hard work and he earned the 50 $ and the father threw it to the fire and the boy jumped and saved it from the fire ,and the father told him, this is the money you actually earned..
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№6 Author: Phynix4 (7 May 2014 15:37) Total user comments: 5461


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#4, Dan Marino's Grandchildren will be comfortable their whole lives, he has more than NFL money "laying around"
#5 Toni Braxton was the victim of serveral mismanagement issues as well as tax issues, not that she doesnt like the high life, but she has had alot of help.
#7,8, 10, John Wayns once said; " Life is hard, it is even harder when your stupid" oh yeah, they were stupid. I guess life is real tough when you have to live on $60 grand...do YOU make $60 grand? he will manage, and maybe not be so stupid seeing how he has many years to go...
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№7 Author: Lu (7 May 2014 18:09) Total user comments: 15066


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Easy come easy go.
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№8 Author: anum sexy (7 May 2014 21:49) Total user comments: 1


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want sex
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№9 Author: Jimmy Johnson (8 May 2014 05:22) Total user comments: 5518


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Where's Mike Tyson on this list?

He was making $15 million a fight if you want an example of the hardest fail.
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№10 Author: neverthematter (13 May 2014 02:00) Total user comments: 0


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how is this anybodies business?
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