No Longer Rich and Famous

[aerobwala]

January 18, 2022, Martina T

Being a celebrity usually means living an enviable lifestyle with the world watching your every move. However, many movie stars, singers, athletes, and reality stars prove that being wealthy is not always permanent, and you can easily lose it just because of a few unfortunate decisions. Even though we think that stars have it all figured out, many of them get into financial trouble because they try to evade taxes, go through a nasty divorce, have addiction issues, and more. The 45 celebrities you are about to see below can’t afford to live the lavish lifestyle they once were able to enjoy, but they do their best to get back on their feet. Unfortunately, only a handful of them who turned their lives upside down managed to get back to where they were when they were flush.

 

[aerobwala]

​

Chris Tucker​

Chris Tucker might be one of the most popular comedians of all time, but that doesn’t mean that he hasn’t faced financial problems like any other regular person. After being a part of the huge box office trilogy Rush Hour, Tucker almost ended up in jail because of not paying his taxes.

The comedian blamed hiding $14 million for back taxes to poor accounting and financial advice and thankfully managed to score a deal with the IRS. Although he hasn’t been too active on the Hollywood scene, Chris did a Netflix special in 2016 that put him slightly back in the game.

 

[aerobwala]

Toni Braxton​

If there’s one song that everyone knows, it has to be Unbreak My Heart by Toni Braxton. Would you believe us if we told you that the singer had announced bankruptcy twice since the peak of her career? Unfortunately, Toni is not great at managing her finances, so she must be careful with spending her money.

Braxton has sold almost $200 million worth of her music, but according to her, she only received less than $2,000 in royalties. So, she started looking for alternative ways to cash in and starred in a reality TV show with her family.

 

[aerobwala]

​

Rupert Grint​

Harry Potter is one of the biggest movie franchises of all time, but Rupert Grint, aka Ron, isn’t as rich as most people think. Unlike Emma Watson and Daniel Radcliffe, who starred in several other successful projects, the redheaded, charismatic actor didn’t enjoy the same success.

​

Every single tabloid talked about one of his financial mishaps in 2016. According to reports, Grunt followed an accountant’s advice to conceal his earnings, landing him face-to-face with the IRS. Eventually, the British actor had to pay the IRS $1 million.

 

[Singapore Dancing Spirit]

All these trashes are still living here with you and me... that itself a great deal as their future is doomed when their master devil is gone
It is all spiritual

 

[aerobwala]

​

Francis Ford Coppola​

If you thought that only movie stars and singers make financial mishaps, then you have to hear the story of Francis Ford Coppola. He’s one of the greatest movie directors of all time, but he’s also known for his awful decisions when it comes to money.

The rumor is that Coppola is in massive debt to his partner which amounts to over $70 million. Francis has been a spender for decades, and he even declared bankruptcy three times in a single decade. However, he’ll still be remembered for his masterpieces like The Godfather and The Conversation.

 

[aerobwala]

Tila Tequila​

Tila Tequila was everywhere you turned in the 2000’s. She’s another reality star who couldn’t keep up with the chaotic life of TV personas, so she turned to spending more than she could afford. Although Tequila was wildly popular and successful, she still managed to spend all she earned and disappeared from the screens.

As a single parent, Tila found it hard to live a wealthy life and even started a GoFundMe so that she could get a new home and record a new album. Today she looks absolutely unrecognizable and even claimed that she’s the female version of Jesus recently.

 

[aerobwala]

Nicholas Cage​

Nicholas Cage is an iconic name in the movie industry. However, he’s also well known for his absurd spending habits on things most of us could never imagine having. Aside from buying 15 residences, including a castle, the actor also purchased a private island, a dinosaur skull, exotic pets, and much more.

Cage’s budget suffered another hit when his wife sued him for $13 million, and it was revealed that he owed the IRS over $14 million. After losing a substantial amount during the divorce, combined with the expensive cars, octopus pets, and miniature heads collection, Nicholas can’t afford to live the rich and famous lifestyle anymore.

 

[aerobwala]

Lisa Marie Presley​

If your father is Elvis Presley, it’s safe to say that you’re well taken care of financially for the rest of your life. Well, that’s not quite the case for Lisa Marie Presley. Even though her father’s estimated wealth she inherited was around $100 million, Presley still found a way to be almost $15 million in debt.

The singer blamed her flop on her financial manager Barry Siegel, who, according to her, made numerous mistakes, bad investments on her behalf, and received a considerable salary he set up for himself. On the other hand, Siegel stated that her financial situation is primarily due to Lisa Marie’s unreasonable spending.

 

[aerobwala]

Lindsay Lohan​

Lindsay Lohan might be only 35, but she’s had quite a crazy life. Like many other childhood stars, Lohan went down a path no person should experience and ended up in rehab several times. Due to her alcohol and drug abuse struggles, the young actress and singer lost major roles and projects.

Even though she couldn’t afford it, the star kept purchasing expensive things, hiring extravagant limousines, buying cars, bags, jewelry, clothes, and more. At one point, she even owed the IRS almost $100,000 in unpaid taxes. However, it seems that Lohan has her life under control now and is trying to make a comeback in the music and acting scene.

 

[aerobwala]

Cyndi Lauper​

Cyndi Lauper is financially stable now, but that wasn’t always the case. Before she became a worldwide sensation with her captivating hits, Lauper was a part of a band named Blue Angel. Unfortunately, their music career didn’t take off, so Cyndi declared bankruptcy, and the group split.

Thankfully, the singer got a second chance, and eventually, her songs followed people everywhere they turned. Finally, she quit working in restaurants and shops and dedicated her time to making more music. So, Lauper can now afford to live an extravagant life and fulfill all her wishes.

 

[aerobwala]

​

Pamela Anderson​

This blonde bombshell is famous for trying to evade paying her taxes. Although all of us wish we wouldn’t have to spare a part of our hard-earned money for taxes, it’s a duty and law that we simply can’t escape.

Pamela Anderson is a serial offender when it comes to this question because she’s had to face the consequences of skipping taxes on many occasions. As a result, the Baywatch star had to pay income taxes worth hundreds of thousands of dollars for 2010, 2011, and 2012.