The daughter of legendary television producer Aaron Spelling was born with a silver spoon in her mouth. Tori became widely known in her own right while starring in her father’s hit TV series Beverly Hills 90210. But when the series finished its incredibly long run, Spelling had a hard time finding a new gig.
She starred in a reality show with her husband Dean McDermott, called Tori & Dean, but was still overwhelmed by numerous lawsuits and loans she had no way of repaying. Hopefully, the new 90210 reboot will help the actress generate some revenue.
Country musician Willie Nelson’s renown is not limited to country music fans. He has been making music since 1956, so it would stand to reason that he knows a little something about managing his money. Apparently not, when Nelson was investigated by the IRS, they ended up serving him with a $16.7 million tax bill!
Fortunately, Nelson found himself a good lawyer and released an album titled ‘The IRS Tapes: Who’ll Buy My Memories?’ and succeeded in digging his way out of the hole, but his current lifestyle is certainly not as luxurious as what it used to be.
LeAnn Rimes was country music’s golden child in the 1990s, with numerous billboard hits and Grammy wins, but in the last couple of decades things have slowed down for the singer. Although she has not let the decline in sales affect her opulent lifestyle.
Good for her, but with less money coming in, things are not as easy as they used to be, especially if you take into account that her actor husband, Eddie Cibrian, is not one of Hollywood’s top earners. Luckily, it seems like things are looking up with Rimes’s work on Hallmark films and her Christmas music.
In the ’80s, Don Johnson was famous for his portrayal of “Sonny” in the popular television series Miami Vice, and in the 90s he starred in Nash Bridges. However, his portrayal of law enforcement officials didn’t help him in 2002, when he was accused of money laundering. He was never charged with anything, but the rumors were enough to cause his production company to lose investors.
In 2008, the actor was again in dire financial straits when authorities announced that they were about to foreclose on his Colorado home. Johnson managed to come up with $14.5 million to pay his debt just 24 hours before the house went to auction. It is unclear how much the actor is currently worth.
Famous for playing the role of Chrissie on the classic 70’s sitcom, Three’s Company, Suzanne Somers is a beloved television icon. Although she was only on the hit show for one year, Somers really made an impression on the audience, but also became a cautionary tale about why actors shouldn’t anger their producers.
The actress, who was taking a stand about how much she earned per episode, left the show and found herself in breach of contract. She ended up having a hard time affording her legal expenses, and with a bad reputation that made finding new gigs quite difficult.
Looking back at the 1990s, it sometimes seems like Nicolas Cage starred in every single movie in that entire decade. That must have brought in a hefty sum, right? Unfortunately, the actor loved to spend money and his tastes were both expensive and exotic. He bought rare animals, a Gulfstream jet and even his own private island, which left him on unsteady financial ground even without the $14 million in back taxes that he owed the IRS.
Things got even worse in 2009 when he was sued by his ex-wife for $13 million and then later that year sued by a real estate company for not returning millions that they apparently loaned to him. So, if you’re at the movie theater and find yourself wondering how such a great actor agreed to be in a not so great movie, he may just be trying to make some money to pay off his debts.
Tia Carrere got her first big break in the long-running soap opera, General Hospital. She then went on to star in the two Wayne’s World movies and her Hollywood success seemed to be a sure thing. Things became complicated, however, when Carrere wanted to appear on The A-Team and tried to get out of her General Hospital contract to do so.
She sued the show claiming that she was not earning enough, and lost. She was unable to get out of her contract and missed out on the chance to appear on the hit show and become a bona fide star.
The younger brother of Backstreet Boy Nick Carter proved he had what it took to become a teen heartthrob in his own right, in the 1990s, with his hit singles “I Want Candy” and “How I Beat Shaq.” The singer had legions of female fans and it looked like he was on his way to the top of the pop game.
However, the young singer, like many other celebrities, didn’t pay his taxes and found himself with some big debt. He recently returned to the public eye with an appearance on Dancing with The Stars, but his celebrity status has taken a serious hit.
Once upon a time, Brendan Fraser was the go-to guy when casting for a new hit action movie was taking place. That has not been the case for a while though, and after the actor was divorced in 2007, he found himself in a bit of a tricky financial situation.
Things came to a head in 2013, when he was forced to petition the court to reduce the yearly spousal support payments he was making to his ex-wife. They stood at $900,000 and he claimed that he did not have enough income to afford them.
When she was young and adorable, Lindsay Lohan starred in The Parent Trap, and the rest was Hollywood history. The audience loved her, and she transitioned into a successful teenage superstar starring in hit films like Freaky Friday and Mean Girls. As the actress grew older, she was faced with substance abuse issues and legal trouble. She began to work less and less, and her income went down significantly.
Lohan is currently in the midst of a comeback and has recently appeared on the Netflix series, Sick Note. Although it is nice that she’s working again, she is clearly making nowhere near what she used to in her acting prime.
Although you obviously recognize Lena Headey from the biggest show in the world in recent years, Game of Thrones, that doesn’t mean that the actress has an enormous bank account. Headey had been an actress for many years, but her roles have not always been on hit shows, meaning that she wasn’t making the big bucks she is today.
She also went through a bad divorce and custody battle with her ex-husband, which caused her to amass tons of debt. She was even forced to sell her house and has previously considered doing reality shows just to make ends meet.
Curtis “50 Cent” Jackson
Hip Hop star Curtis Jackson, or as he is more famously known, 50 Cent, dominated the rap world in the 2000s. The hip hop star had a string of hits, numerous Grammy nominations and even founded his own fashion line. But things went bad for the singer in 2009 when he was ordered by the court to pay more than $7 million to Lastonia Leviston, following his release of an adult video of her without her permission.
He was ordered to make an even bigger payout of $16 million to a company by the name of Sleek Audio when a business plan they had been working on failed to come to fruition. Those massive expenditures forced the rapper to declare bankruptcy.
On The Real Housewives of Orange County, Alexis Bellino is famous for her glamorous and expensive lifestyle, but in real life, she is not quite as well off. The reality star, who was recently divorced, has been dealing with financial issues for years and alongside then-husband, Jim Bellino, defaulted on the couple’s $4.6 million mansion in 2010.
If that wasn’t bad enough, Global Marine, Inc., her ex-husband’s real estate company filed for bankruptcy in that same year. However, this breakup may have a silver or in this case gold lining which may improve Bellino’s situation. She is expected to receive roughly $16,000 a month in child and spousal support after the divorce.
The rapper Tyga, who may be better known as Kylie Jenner’s ex-boyfriend, has had his share of problems both legally and financially in recent years. He was sued by three women who appeared in one of his music videos in 2012. The women claimed that although he had assured them that any scenes in which they were undressed would be edited out of the video – he did not do so.
In 2013, Tyga was called out for borrowing a $185,000 watch from an L.A. jeweler, but “forgetting” to return it. In the following years, things got even worse for the rapper. He failed to pay rent on a number of properties in which he lived, some of which he even left damaged. In 2016, his collection of fancy cars which included a Bentley, Ferrari, Lamborghini, and a Maybach were all repossessed.
Janice Dickinson is famous for being one of the world’s first supermodels, but her career and financial situation took a turn for the worse when she became addicted to plastic surgery.
It was revealed in 2014 that Dickinson had over $1 million in debt, mostly from cosmetic procedures she had never paid for. The famous model was forced to file for bankruptcy and was left with almost nothing. Here’s hoping she manages to stay away from the scalpel for the foreseeable future.
Rock singer and actress Courtney Love is no stranger to problems with the tax authorities. Since 2012, she has given the IRS multiple payments of hundreds of thousands of dollars each. She has also paid out roughly $27 million in legal fees.
Although this is an enormous sum of money for your average joe, Love is the late wife of Nirvana frontman Kurt Kobain, who left her with a huge fortune when he died. So, although it is never a nice feeling to have to pay out large sums of money, she is probably still way ahead of the game.
Jon and Kate Gosselin
In dramatic fashion, the famous parents of eight from the reality TV show, Jon and Kate Plus 8, publicly separated after Jon supposedly cheated on Kate with the family’s nanny.
This not only caused the show to be canceled but also led the couple to an acrimonious divorce. The duo, who apparently used to make $75,000 per episode, are rumored to not have any money left. Well, it can’t be easy or cheap to keep eight kids fed, clothed and with a roof over their heads, or in this case, two roofs.
TV hosts on American television, especially successful ones who have been on the air for a while, bring in some extremely fat paychecks and generally know how to hold on to their money a lot better than those celebrities which they interview. However, there are always exceptions.
A regular visitor to American living rooms for decades, famous television host Larry King even won an Emmy for his outstanding interview skills. Although he is great at handling himself on the air, he has had some financial dealings off the air which went sour. Things got so bad, that he was forced to file for bankruptcy in 1978. Luckily since then, he has been able to find better financial footing.
Heidi Montag was one of the very first reality stars in her addictive MTV show, The Hills. Fans loved to hate Heidi and her infamous boyfriend Spencer Pratt, and the pair provided most of the drama on the show while making a pretty nice paycheck. Sadly, that paycheck went away in 2010 when the show ended, and no new projects came along.
Montag tried to stay relevant and even joined Celebrity Big Brother but was unable to maintain her time in the spotlight. Recently, the notorious blonde has not been able to live it up like she used to, but with her new show "The Hills: New Beginnings" recently airing, things may be looking up.
Wayne Newton is one of the most well-known Las Vegas’ entertainers, so you have to assume that he’s raking in the dough. Unfortunately, that is simply not the case.
We don’t know much about “Mr. Las Vegas's" lifestyle, but he has been working in entertainment for years and has had financial problems for almost as long as he’s been famous. He filed for bankruptcy in 1992, due to the fact that he was a whopping $20 million in the hole, and some time after that, was sued by the tax authorities for unpaid taxes amounting to $2 million.
Starring in the successful teem drama The O.C., Mischa Barton was a fan favorite and it seemed like she was going places. However, when the young actress left the show in 2006 amidst rumors of diva behavior, she discovered that getting work as a movie star was not as easy as it seemed, especially with a reputation. With the actress working less and less, her bank account took a serious hit.
Although things wouldn’t have been so bad if her manager, who also happened to be her mom, hadn’t defrauded her and taken enormous loans out against her home.
The ‘Girls Just Want to Have Fun’ singer released countless hits in the 1980s, alongside soundtracks for iconic films like The Goonies. Unfortunately, it was not all fun and games for Cyndi Lauper when she was forced to declare bankruptcy when her first band broke up.
The famous singer had to make a living by waiting tables and performing in bars. Things have improved for Lauper since then, but she went through a very difficult time when she was drowning in debt.
Mike Tyson can hardly be considered broke, with a net worth of $3 million. However, when you take into account that he used to be worth $400 million, you can see that his financial situation has worsened dramatically. Tyson spent most of his money on fancy parties, pet tigers, golden bathrooms and a costly divorce.
The former boxer was also deeply in debt to the IRS, his legal advisors and numerous other people were not happy when he couldn’t afford to pay what he owed. These days, Tyson is trying to reach financial stability, but it seems like he won’t be able to afford any exotic pets anytime soon.
It would seem like releasing several hit records and winning a Grammy should be enough to set you up for life, but that’s not always how it goes. Reports claim that despite selling millions of dollars’ worth of albums, Tony Braxton was only given $2,000 in royalties!
The singer was forced to declare insolvency in 2010 and 2013. She then went on to star in a reality show with her sisters, titled Braxton Family Values. That may have helped to improve her situation, but she has since admitted that she is on a budget and keeps an eye on how much she spends.
Actress Kim Basinger is famous for her Oscar-winning role in L.A. Confidential and her marriage and subsequent divorce to veteran actor, Alec Baldwin, but also, for her financial woes.
When her career was booming, she decided to buy a small Georgia town, which she hoped to transform into a tourist destination, but was forced to sell her share after backing out from starring in a film project. Unfortunately, in that time the price had decreased from $20 million to only $1 million, forcing her to file for bankruptcy in 1983.
What is it with stars thinking they can get away with not paying their taxes? Wesley Snipes had a lucrative film career and starred in hit films such as the Blade trilogy, White Men Can’t Jump and Demolition Man, but he was not interested in sharing his income with the IRS.
Snipes knowingly filed false tax returns, was caught and sentenced to three years of prison time. The actor still owed the tax authorities $17.5 million even after he was released. That means he can’t exactly afford the movie star lifestyle he was accustomed to way back when.
In the 2000s, Tila Tequila was an immensely famous reality star, and her MTV dating show, A Shot at Love with Tila Tequila, was a huge hit. She was making good money while the show was on air but was loath to give up her extravagant lifestyle even when it ended, and landed herself in some financial hot water.
Seems like the singer and model is definitely not living the glamorous lifestyle anymore. In 2016, she even asked her fans to help pay rent for the apartment she was living in with her daughter, including a link to her own GoFundMe page.
Lisa Marie Presley
Another woman who was born into money and fame was the daughter of The King of Rock and Roll, Elvis Presley. His daughter, Lisa Marie Presley is music royalty and had the fortune to go with it. Nevertheless, according to her divorce papers from February 2018, she was actually in enormous debt, to the tune of $16.7 million.
According to reports, the debt was caused by a defaulted mortgage and unpaid credit card payments, leaving Presley in an ongoing legal battle with her money manager. According to her, he is the only reason she is in this situation because he negligently mismanaged her vast fortune. She is obviously determined to rectify the situation because she is currently suing him for the astounding sum of $100 million.
Mike “The Situation” Sorrentino
Jersey Shore reality star Mike Sorrentino, nicknamed “The Situation,” was at the top of his game when the show ended. He was an international celebrity, everybody knew his name and he even had his own Comedy Central roast!
Unfortunately, Sorrentino’s dubious financial decisions, which included not paying taxes on his almost $9 million income, caused him to end up in jail. But not to worry, "The Situation" claims that he is working on his comeback for 2019.
Named the fifth highest-paid actor in Hollywood in 2016, Johnny Depp, famous for his portrayal of Jack Sparrow in the Pirates of the Caribbean franchise, sure knows how to spend money. Over the years, he has spent millions of dollars on a failed record label and a 150-foot yacht, amongst other things.
Depp got into it with his business managers in 2017, blaming them for his financial problems and suing them for making bad financial decisions without his knowledge. They turned around and decided to counter sue him. These days, some people estimate the actor may be dealing with a debt of roughly $40 million.
Two decades ago, Lauryn Hill was on top of the music game with her hip-hop and R&B groove. The talented singer won multiple Grammys but was apparently not as prolific when the time came to pay the taxman, which landed her in some financial hot water.
The singer took a strange stand in the years 2005 to 2007 by deciding to refuse to pay taxes claiming that a “climate of hostility” and “manipulation” were negatively impacting her creativity. Not only did this get her sentenced to three months of jail time, but she was also ordered to pay $554,000 to the IRS.
Here is yet another example of a child star who couldn’t continue earning the big bucks after he was all grown up. Drake Bell, who most of us remember from the hit Nickelodeon show Drake and Josh, dropped off the map at some point over the last few years.
After the show came to an end, the actor made the decision to focus on his music, but unfortunately, his career never took off. When 2014 rolled around, Bell was unable to keep up the payments on the house which he had purchased in 2007 and the bank foreclosed on the property.
At the end of the last century, comedian Chris Tucker starred in the enormously successful Rush Hour trilogy alongside Jackie Chan. The movies were a huge hit and for a short time, Tucker was unbelievably the highest-paid actor in Tinseltown.
At some point, the actor disappeared from the public eye and in 2014, due to some bad financial decisions, he ended up owing the IRS a whopping $14 million in back taxes. Tucker came to an agreement with the IRS, which luckily meant that he did not have to serve any time, but with no foreseeable hits in his future, he is certainly no longer living large like he used to.
In the year 2000, Shad Gregory Moss, better known as Lil’ Bow Wow, was a rap music phenomenon. Unfortunately, as he grew older and became just plain old Bow Wow, his popularity took a real hit along with his fortune. So much so that in 2012 when he was ordered by the court to pay the mother of his child $3,000 a month, he stated that all the money he had in the world amounted to $1,500.
The singer was recently called out on Twitter by a fellow airline passenger after posting a picture on his Instagram account claiming to be traveling on a private jet while actually taking a commercial flight.
The Harry Potter film series was one of the most successful franchises in the world largely due to three young but incredible actors, Daniel Radcliffe, Emma Watson, and Rupert Grint. But while Radcliffe and Watson had no trouble finding roles when their wizarding journey ended, Grint found the transition to be more challenging.
His financial situation worsened in 2016 when he was forced to pay more than $1 million to the IRS after receiving some poor accounting advice. The former child star appealed the order, but his appeal was eventually denied.
Abby Lee Miller
The most notorious dance teacher in the world, Abby Lee Miller, is famous for her time on Dance Moms, but also for her dirty legal laundry being publicly aired. The reality star was caught hiding $775,000 of her earnings while simultaneously attempting to file for bankruptcy.
Miller was sentenced with prison time for her offense, but after being diagnosed with lymphoma, she was transferred to a medical facility. Since then, she has been trying to make a comeback, with the eighth season of Dance Moms and a net worth of $2 million.
The adorable and talented Amanda Bynes won all our hearts in Nickelodeon’s All That and The Amanda Show, and when she grew up a little, in What I Like About You on the WB channel.
She became more and more famous as time went on, starring in some feature films, but also dealt with substance abuse and mental issues. Bynes disappeared from the scene completely at one point and she is certainly not doing as well financially as she did in her heyday.
Joey Lawrence was a staple of 90’s sitcoms and the crush of all teenage girls. He starred in Blossom, Melissa and Joey, Brotherly Love and even appeared on the cover of TV Guide. But when the decade ended, Lawrence’s popularity waned, and his financial worries began.
In 2017, Lawrence filed for insolvency, and according to reports, the actor and his wife had just $8,000 in their bank account. The pair needed to sell clothes and some household appliances on eBay just to make a living.
Robert Matthew Van Winkle, AKA Vanilla Ice, released the catchy hit ‘Ice Ice Baby’ in the 1990s. Although the Texan rapper never had another real hit, he is still doing pretty well for himself through royalties and television appearances. His desire to get back at his ex, however, has caused him to make some bad decisions.
Reportedly, Van Winkle has been doing everything he can in order to not pay his ex-wife what he owes her. She took the issue to court, which made Vanilla Ice pay what he owes, plus hundreds of thousands of dollars in unpaid fees. Need some ice for that burn?
The former Baywatch beauty is yet another celebrity who mistakenly believed that being rich and famous is a good enough reason to not pay your taxes. The IRS corrected her misconception when they busted her for withholding hundreds of thousands of dollars in taxes.
Although it was a rough blow, Anderson never actually stopped enjoying her movie star lifestyle, so maybe there was something to her theory after all. And despite many believing otherwise, her net worth is reportedly only between $8 and $15 million.