Celebrities Are Just Like Us: They Have Debt Problems

Celebrities are some of the richest people on the planet. However, that doesn’t mean they are immune to financial problems. In fact, it’s rather common for anyone, let alone celebrities, to start spending more as they make more. Often, that spending can become reckless quite quickly. Which, of course, can lead to some serious debt problems.

Read this to know about some celebrities that lost it all because of their addictions.

Here are 5 celebs that are just like and us, they struggle with money and deal with debt.

Charlie Sheen

During his heyday on Two and a Half Men, Sheen was making more money than almost any other actor in Hollywood. He was on top of the world, but a very messy public breakdown cost him everything. His income dropped significantly when he left the show and as a result, he couldn’t afford things like a mortgage, legal fees, and taxes. He reportedly landed about $12 million in debt and was really struggling (financially and otherwise) for a long time, before he started turning his life around.

50 Cent

Curtis “50 Cent” Jackson has been a household name for well over a decade as a rapper, actor, and entrepreneur. In addition to having huge hits as a rapper, he made some savvy business moves that netted him millions of dollars. However, despite his major success, he also had his fair share of financial struggles. Back in 2015, 50 Cent filed for bankruptcy with a reported debt of well over $30 million. While he has since recovered, his net worth has taken a major hit as a result.

What is a bankruptcy score? Find out here.

Mike Tyson

Mike Tyson rose to superstardom as a world champion boxer, capable of knocking just about anyone out cold. Despite making almost half a billion dollars over the course of his career, even the Champ wasn’t immune to financial problems. He racked up over $20 million in debt by 2003, mostly due to his insane spending habits. In addition to that, he also had several lawsuits and a divorce to pay for.

Kim Basinger

Back when she was only 17, Basinger signed her first modeling contract and enjoyed a very successful career going forward. She now has a net worth of around $36 million and has enjoyed a very respectable career in Hollywood. However, her journey to the top was littered with financial issues. In the early 1990s, she backed out of a movie and was sued for breaking her contract. That lawsuit cost her nearly $4 million and forced her to file for bankruptcy. That was before her miraculous return to Hollywood success years later.

Need a solution to your debt issues? Read this.

Cyndi Lauper

Lauper had a bit of a late start in show business. In fact, she wasn’t discovered until she was 28 years old while singing in a New York bar. However, her career nearly ended as soon as it started. A few years after being discovered, she was forced into bankruptcy due to a legal dispute with her former manager. While this event almost spelled the end for Lauper, it eventually led to a bountiful career. She won a Grammy soon after and her net worth is now an estimated $30 million.