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30 Stars Who Have Been Terrible With Their Money

They used to be among the wealthiest stars in the world- now they are lucky to have food and shelter. Indeed, while the world’s most prominent celebrities typically have bank accounts spiraling well into millions, some stars have fallen privy to their own financial ineptitude.

Here, we look at 30 celebrities who squandered vast amounts of their wealth in their lifetime- and some who remain penniless.

1. Nicolas Cage

30 Stars Who Have Been Terrible With Their Money

 

Nicholas Cage is one of only a handful of actors to have won two Academy Awards thanks to his roles in the films Adaptation and Leaving Las Vegas. As well as being a draw with critics and industry players, Cage was also a big draw at the box office, and in his heyday, he was commanding 7-figure sums for his roles, eventually leading to a $150m fortune.

However, after going on countless lavish spending sprees, which included rare comic books, castles, yachts, and other outlandish items, it was clear that Cage had blown most of his wealth, and according to one source, his wealth now stands at just $25m. He has also fallen out of favor with Hollywood, which may explain why he always appears in endless B-movies nowadays.

2. 50 Cent

30 Stars Who Have Been Terrible With Their Money

 

Despite bragging about his riches in his music, 50 Cent- real name Curtis Jackson- is actually worth less than his stage name. Indeed, despite the commercial success of his earlier albums, and reaping a $100m profit from an early investment in Vitamin Water following their acquisition by Coca-Cola, Fiddy filed for bankruptcy in 2015.

Now supporting himself in acting roles and other business endeavors, it appears the rapper-turned-actor has the aptest stage name in all of Hollywood.

3. Lindsay Lohan

30 Stars Who Have Been Terrible With Their Money

 

Despite enjoying immense success as a child actress in the films Freaky Friday and The Parent Trap, Lindsay Lohan’s adult career as an actress never took-off, despite winning plaudits in the classic high-school drama, Mean Girls, which also starred Amanda Seyfried and Rachel McAdams.

Today, Lohan’s Hollywood career is all but finished, and despite making millions as a child, years of narcotics abuse saw her squander nearly all of her wealth.

4. Willie Nelson

30 Stars Who Have Been Terrible With Their Money

 

While he may be a priceless gem in the eyes of country music fans, the seasoned crooner has wracked up his fair share of debt over the years, and at one stage owed a staggering $16.7m to the I.R.S.

Rather ingeniously, Nelson then got to work on a new album, which he titled, The IRS Tapes: Who’ll Buy My Memories? Naturally, all royalties proceeds went to the IRS and the debt was cleared in 3 years.

5. Courtney Love

30 Stars Who Have Been Terrible With Their Money

 

The socialite and former singer of the band Hole has made her fair share of wonga over the years, but most of her wealth came from being the widow of the Nirvana frontman Kurt Cobain.

As well as her musical endeavors, Love also has a few acting roles to her name, but due to a succession of mental health issues, and problems with drink and drugs, the legendary rock and roller lost most of her wealth, and in 2009, was reported to have owed American Express $350,000.

6. Larry King

30 Stars Who Have Been Terrible With Their Money

 

Larry King is certainly doing okay for money, but in the late 1970’s he was indebted to a series of creditors. While the 70s saw him hit it big with his very own chat show, his promiscuous ways with the ladies saw him payout countless sums following an inordinate amount of divorces.

Alimony payments also hit his bank balance and at one stage it looked like they would drag him into bankruptcy.

7. Brendan Fraser

30 Stars Who Have Been Terrible With Their Money

 

Fraser was once happily living off his mega cheques from the popular Mummy movies, but after a series of personal woes, Brendan Fraser hasn’t had too much else to shout about in recent years, while his most notable acting role in the last decade came last year in the third season of the hit Showtime series, The Affair.

Fraser’s woes were both emotional and financial, as his divorce in 2007 forced him to pay hefty child maintenance bills, which by 2013, led him to admit that he could no longer afford them.

8. Pamela Anderson

30 Stars Who Have Been Terrible With Their Money

 

The Baywatch star was in the spotlight again last year after a movie adaptation of the popular series which brought her worldwide fame was released. Starring Zac Efron and Dwayne “The Rock” Johnson, the movie also saw cameos from both Anderson and David Hasselhoff,

However, other than a revival of a show she was once in, Anderson doesn’t have too much else to shout about nowadays, with the former Playboy model struggling to pay off her debts she owes to the I.R.S., causing her to sell all her properties, including a mansion in Australia.

9. Sinbad

30 Stars Who Have Been Terrible With Their Money

 

After “Necessary Roughness” his career pretty much tanked. And while he got bit-part roles in a few movies, his success never came close to replicating that of Necessary Roughness.

After owing the IRS more than $8 million he eventually relinquished the keys to his mansion and declared bankruptcy.

10. Janice Dickinson

30 Stars Who Have Been Terrible With Their Money

 

Heralded as the world’s first supermodel, Janice Dickinson has since remained in the spotlight, and for someone who is now in their 60s, she’s aged remarkably well. However, while her looks may still be in place, her bank accounts have been dwindling for some time.

According to sources, Dickinson filed for bankruptcy in 2013 having been told she owed $1m on top of the unpaid $16,000 plastic surgery bill.

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