Burt Reynolds is an American actor, director and producer who has starred in many films, and has made millions of dollars from them all and from all his awards. However, after Burt saw how much money he was making he started spending like crazy. This caused him to go broke. In the late 70s and early 80s, the Smokey and the Bandit hunk was number one at the box office, five years in a row, and the record is still undefeated, but an ugly divorce from his ex-wife, Loni Anderson, and a failed restaurant chain resulted in Chapter 11 bankruptcy in 1996. Fifteen years later, his mansion was foreclosed on due to terrible investments.
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Chris Tucker is an American actor and comedian. He is best known for playing the role of Smokey in Friday and as Detective James Carter in the Rush Hour film series. He may have made a great deal of money during his career, but still went broke. In 2007 Chris Tucker was named the highest paid actor in Hollywood for the movie Rush Hour 3. A few short years later, Chris ended up owing $11 million in back taxes. The IRS went after Chris for a long time. Chris finally decided the only way for him to pay back all this money was to sell two of his mansions he had in Florida and one he had in Los Angeles.
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Courtney Love is an American alternative rock singer, songwriter, musician, actress, and visual artist. She has been in and out of the tabloids, who was once married to Kurt Cobain and when he died, she is said to have gone crazy. Her spending was out of control and she got into some serious debt. She ended up having to sell her home and even 25% of Nirvana’s music catalogue just so she could get out of debt. What a disaster! In In the early 2000s, the insane Mrs. Cobain discovered that members of her entourage had allegedly stolen $20 million of Kurt’s money. She began binging on drugs, fielding tax liens, and was eventually evicted from her sick West Village townhouse after setting it on fire.
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Cyndi Lauper is an American singer, songwriter, actress, and even a LGBT activist, who has had a career that has spanned over thirty years. She has had many songs that hit the charts, “Girls Just Want to Have Fun”, “True Colors”, “Time After Time”, “She Bop” and “All Through the Night”. In 1981 she was forced to file for bankruptcy after a mishap with her band Blue Angel’s record deal. However, shortly after this tragic event Lauper made a comeback with her new album and has been ranked #58 on VH1’s 100 Greatest Women of Rock & Roll.
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Debbie Reynolds is an American actress, singer, and dancer, most popularly known for starring in The Unsinkable Molly Brown. Had a hotel and casino went bankrupt in 1997. She had been trying to sell the property in the months before filing, but ultimately couldn't unload the Las Vegas resort.
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Dennis Rodman is a retired American professional basketball player, who played for the Detroit Pistons, San Antonio Spurs, Chicago Bulls, Los Angeles Lakers, and Dallas Mavericks in the National Basketball Association. At 53 he went broke due to his alcohol addiction, drug use and way over spending.
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Dionne Warrick is an American singer, actress and TV-show host, who became a United Nations Global Ambassador for the Food and Agriculture Organization, and a United States Ambassador of Health. In mid-2013, she filed for bankruptcy after accruing more than $10 million in unpaid taxes and several consecutive years of negligent and gross financial mismanagement.
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Donald Trump is an American businessman, investor, television personality and author. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts. Being wealthy is what everyone knows him to be. However, most do not know that lately Donald’s corporations have been suffering financially and his corporations have filed for bankruptcy. Even the billionaire himself has filed for bankruptcy four times, in 1991, 1992, 2004, and 2009. “I've used the laws of this country to pare debt,” he has said. “We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. It’s like on The Apprentice. It's not personal. It's just business.
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Dorothy Hamill is a retired American figure skater, and is the 1976 Olympic champion in ladies' singles and the 1976 World champion. Well known for her moves on the rink as well as her signature bobbed haircut. She has won many of awards and been very successful, including inductions into the Olympic Hall of Fame and the Figure Skating Hall of Fame, but despite all her success she still managed to end up broke. In 1995, she decided to buy the Ice Capades which ended up causing her to file for bankruptcy in 1996 with over $1.6 million in debt!
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Evander Holyfield is a retired American professional boxer and he is a former Undisputed World Champion in both the cruiser weight and heavyweight divisions. He ended up having to sell his mansion to Rick Ross after he went through a foreclosure. He owed millions to the JP Morgan Chase financial firm, thousands to the IRS, and thousands in back child support.
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