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Midnight Man

Celebrity That Lost A Fortune: Scott Storch

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Scott Storch
Scott Storch is an American record producer. He produces hip hop music through his label, Storch Music Company. He also has his own music production company called Tuff Jew Productions LLC which is published by Reservoir Media Management. He blew through $30 million in six months, and lost his Miami mansion, $20 million yacht and filed for bankruptcy and owed about $60 thousand to thirteen different creditors in seven states.

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Midnight Man

Celebrity That Lost A Fortune: Sheryl Swoopes

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Sheryl Swoopes
Sheryl Swoopes is a retired American professional basketball player and the head coach of the women's basketball team of Loyola University Chicago. She was the first player to be signed in the WNBA when it was created. Made around $50 million at the height of her career, but lost it all in devastatingly bad investments and bad business management. Eventually, she sold her Olympic medals and Naismith trophy to pay back creditors.

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Celebrity That Lost A Fortune: Sinbad

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Sinbad
Sinbad is an American stand-up comedian and actor, whose real name is David Adkins was featured on his own HBO specials and appeared on television series such as Necessary Roughness, Jingle All the Way, and Good Burger. In 2009, Sinbad decided to file for bankruptcy and then was forced to file for bankruptcy again in 2013. Sinbad claimed that he was not blowing his money on big and fancy cars, but instead invested a lot into himself and other people, and thought he did not make a mistake and would not change his choices for the world. At least he went down with dignity! The second time around, he owed around $11 million, $8 million in back taxes, but claims he didn't live outside of his means.

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Midnight Man

Celebrity That Lost A Fortune: Sly Stone

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Sly Stone
Sly Stone is an American musician, songwriter, and record producer, most famous for his role as front man for Sly and the Family Stone. In 1993, he was inducted into the Rock and Roll Hall of Fame as a member of the group. After decades of substance abuse and blingy high-living, he now lives in a van parked on a street in Crenshaw, South Central Los Angeles.

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Celebrity That Lost A Fortune: Stephen Baldwin

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Stephen Baldwin
Stephen Baldwin is an American actor, director, producer and author, who has starred in many films, and is the youngest out of all the Baldwin brothers. Since he is the youngest, he is definitely the most naïve. This rang true in 2009 when e was forced to file for Chapter 11 bankruptcy. Apparently he had so many debts that just kept piling up and pretty soon he owed millions. From mortgages, credit cards, and even back taxes, Stephen Baldwin definitely got himself into a great deal of financial trouble! In 2009, the baby of the Baldwin family hit rock bottom with debts around $2.3 million. The following year, he narrowly escaped jail for tax evasion.

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Celebrity That Lost A Fortune: Tionne T-Boz Watkins
Tionne Watkins better known by her stage name T-Boz, is an American singer, songwriter, model, dancer, actress, author, and executive producer. This former TLC singer has lived on a financial rollercoaster. In 1995 she went so broke that she was forced to file for Chapter 11 bankruptcy and just a few years later she filed individually. In 2011 after she received medical treatment for a brain tumor and sickle cell anemia. Recently, she tried to file for debt again after all her medical problems caused her to go broke! The first time she filed for bankruptcy was in 1995, due to a famously short-shifting record deal. The second time was in 2011. By all accounts, the Grammy-winning artist was living a modest lifestyle, but she hadn’t been working much (according to court docs, she only pulled in $1200 a month in royalties), and had accrued crazy medical bills due to the brain tumor and the Sickle Cell Anemia. And then there was her ex, rapper Mack 10, who owed her $250,000 in back child support.

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Celebrity That Lost A Fortune: Teresa Giudice

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Teresa Giudice
Teresa Giudice is an American reality television cast-member, known for starring in The Real Housewives of New Jersey. She has also written three bestselling cookbooks that were even featured on Donald Trump’s show called The Celebrity Apprentice. It turns out Teresa was not as successful as she let on to be. Teresa began to overspend and brought her and her husband’s debt to over $13.5 million which landed Teresa time in jail.

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Celebrity That Lost A Fortune: Terrell Owens

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Terrell Owens
Terrell Owens is an American football wide receiver who played 15 seasons in the National Football League, and holds or shares several National Football League records. By 2012, the mouthy wide receiver had blown through most of his entire $70 million fortune owing four different baby mama’s child support, upwards of $50,000 a month. A combination of bad investments, large child support payments, and trusting the wrong people have left him with very little to show for his time as a star player.

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Celebrity That Lost A Fortune: Toni Braxton

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Toni Braxton
Toni Braxton is an American R&B singer-songwriter, pianist, musician, record producer, actress, television personality, and philanthropist. She became one of the best-selling female artists in the 1990s. Her most popular songs are “You’re Makin’ Me High”, “Un-Break My Heart”, “Breathe Again”, “Another Sad Love Song”, and “He Wasn’t Man Enough”. Although quite successful, you would think Toni to be extremely rich because sold more than 40 million albums in her career. She filed for bankruptcy not once, but twice. She filed for bankruptcy in 1998 and then again in 2010. She charged her financial problems to a bum record deal and mismanagement. Braxton owed $3.9 million and filed for bankruptcy in 1998. She sold her household possessions, including her two Grammys, to pay off creditors.

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Celebrity That Lost A Fortune: Ulysses S. Grant

By Midnight Man, in Celebrity,

Celebrity That Lost A Fortune: Ulysses S. Grant
Ulysses S. Grant was the 18th President of the United States and graduated in 1843 from the United States Military Academy at West Point. After leaving the office the President he settled down in New York and invested his money into a Wall Street firm. Unfortunately, one of the firm's partners wasn't very trustworthy and embezzled much of its investors' money, leading it to declare bankruptcy. Grant did the same soon after.

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    • James Garner, best known for his starring roles on Maverick and The Rockford Files, died July 19 at his home in Los Angeles from natural causes. He was 86. Garner was one of the first actors to find …
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    • The CW announced today that Arrow has been renewed for an eighth season. The long-running action drama is the network's longest-running superhero-based series, with its success helping pave the way…
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    • USA Network announced yesterday that Suits has been renewed for a fourth season. Sixteen additional episodes of the dramedy have been ordered for its new season in mid-2014. In the meantime, Season …
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    • The Oscar-winning producer died Jan. 3 at 92 from complications of Alzheimer's. Zaentz began as a music producer with his Fantasy Records label, which represented acts including Creedence Clearwater …
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    • Bill Cosby performed Florida State College to a sold out crowd and gets a standing ovation upon entering and leaving the stage. Nothing was said about the sexual allegations that are pending against …
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    • Pedro Rodrigues Filho is a Brazilian serial killer. In 2003 he was convicted of murdering 70 people and sentenced to 128 years in prison. He has claimed over 100 victims, 40 of them prison inmates. H…
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    • Lifetime announced today that Witches of East End has been renewed for a second season. The freshman drama, which is based on the best-selling novel of the same name, will return with 13 new episodes…
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    • The CW announced today that DC's Legends of Tomorrow has been renewed for a fourth season. The superhero drama has continued to be a reliable and steady performer for the network on Monday nights. …
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    • "America's Next Top Model", which will begin Cycle 16 on February 23, will now be followed by the new weight-loss reality show, "Shedding for the Wedding," hosted by Sara Rue."Life Unexpected," which…
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    • Under the Dome is an American science-fiction drama television series. CBS announced today that it will be coming to an end after its current third season. The sci-fi drama, which is based on the bes…
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    • ABC will be bringing back freshman series Motive for a second season. The Canadian-produced police procedural, which has already been renewed up north, will be back for US audiences during summer 201…
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    • NBC announced last week that Chicago PD has been renewed for a second season. The freshman drama is off to a nice start since its premiere in January, delivering solid ratings in its post - Law & Ord…
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    • Code Black is an American medical drama television series about the staff of the LA County Hospital emergency room that treat patients under difficult circumstances. The network has increased the …
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    • Fox News reporter Dominic Di-Natale has been found dead of an apparent suicide, he was 43. Di-Natale's body was found Wednesday in Jefferson County, Co., where Di-Natle owned property, after a friend…
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    • The Blacklist is an American crime drama television series about Elizabeth 'Liz' Keen, a new FBI profiler, that has her entire life uprooted when a mysterious criminal, Raymond Reddington, on the …
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    • CBS announced today that The Big Bang Theory will come to an end after its upcoming 12th season. The news will see the veteran series sign off next May as one of the most-successful prime time come…
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    • The CW has renewed Hart of Dixie for a second season. Fans of the show should breathe a sigh of relief, as it has long been considered a toss-up for renewal or cancellation. The network did not have …
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    • Reports are out that ABC has pulled new series Time After Time from its schedule after just five episodes. The move does not come as much of a surprise after a slow start to the time travel drama, …
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    • It looks like DC Universe has already made its first cancellation. Reports are out that the new video-on-demand service will not be bringing back Swamp Thing for a second season. The news comes jus…
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    • ABC announced today that The Good Doctor has been renewed for a second season. Since its premiere in the fall, the medical drama has gone on to become one of the breakout freshman entries of the 20…
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    • Fox announced today that Lethal Weapon will be coming back for a third season. While the action drama remains a solid ratings draw, its future had been in doubt in recent weeks after star Clayne Cr…
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    • Brett and Michelle's relationship has lost its flare since getting married and having kids. Their attempt to rekindle the spark they once had is interrupted when Brett's friend Alex and Michelle's si…
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    • Josh Ryan Evans was an American actor who became known for his role of Timmy in the soap opera Passions. Despite being one of the smallest actors in Hollywood at 37 inches, Josh proved quality early …
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    • The Queen Latifah show gets cancelled after its second season, it will continue with new episodes until March and the Queen is off the air. Is My Show Cancelled contributed to this article
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    • River Phoenix was an American actor, musician and activist. He was the older brother of Rain Phoenix, Joaquin Phoenix, Summer Phoenix and Liberty Phoenix. His work encompassed 24 films and television…
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