Baseball pitcher Curt Schilling achieved worldwide fame when led the Red Sox to win the World Series after years of being the losing team. As we all know, sports icons receive quite the salary, and trying to be smart about his millions, Schilling decided to invest them. Sadly for him, none of them went well.
Being an avid video game player, the baseball player decided to open a video game studio and put $50 million into it. As if that weren’t enough, he then invested another $75 million to keep the place from going under. Unfortunately, none of it worked, and he had to file for bankruptcy, at which point he had to pay $120 million to creditors. To make things worse, he had to pay a whopping $2.5 million in taxes to the state of Rhode Island. Poor guy!
Nicole Eggert
Nicole Eggert had her fair share of fame as an actress back in the 90s. Eggert played Summer Quinn, the blonde bombshell lifeguard in 'Baywatch'. Then, she did a number of guest appearances on 'The Super Mario Bros. Super Show' and 'Boy Meets World'.
However, it seems this beauty's fame was somewhat short-lived since she found it very hard to find roles after that. Currently, she does occasional voice-overs and has to budget her spending, like the rest of us.
Farrah Fawcett
Back in the 70s and 80s, Farrah Fawcett was the 'it' girl. A stunning model, actress, and artist, Fawcett rose to fame after playing Jill Munroe in the iconic 1976 TV series, 'Charlie's Angels'. This blonde, blue-eyed beauty was a five-time Emmy Award nominee and was also nominated for six Golden Globe Awards.
Unfortunately, Fawcett had a harsh fall from grace and spent the last decades of her life living a very normal life. And on 2009, she passed away from a rare form of cancer. But her legacy will live on, as will her famous words, “Don’t give up, no matter what they say to you. Keep fighting!”.
Burt Reynolds
Burt Reynolds is another typical case of an actor that made millions and spent them unwisely. Very unwisely. During the 1980s, Reynolds made enough money to last him a lifetime, but then the insane spending spree happened. The actor bought a private jet and a 150-horse stable, invested in a restaurant chain that was bound to fail, and finally lost what he had left to alimony payments.
Reynolds filed for bankruptcy in 1996, as he was up to his neck in an $11 million debt. Recently, the actor admitted in a Vanity Fair interview that all of his money problems were completely his fault. At least he admits it!
Tionne 'T Boz' Watkins
American singer/songwriter Tionne Watkins was huge in the 90s. She was the "T" in the famous girl band, TLC, who were huge in the early 1990s, and were about to make a big comeback years later until Lisa 'Left Eye' Lopez sadly passed away.
This meant that Tionne was left jobless and without a steady income, which meant big trouble for the artist since she was already in a bad economic situation. Unfortunately, Watkins has filed for bankruptcy three times, unable to pay taxes and mortgage. In 2013, she tried to apply for a debt pardon but was denied after the judge considered the singer hadn't learned her lesson and was not reliable when it came to paying on time. We hope things have gotten better for 'T-Boz'!