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Ballin' to Broke: Celebrities Who've Lost Fortunes
Famous folks who've faced financial ruin, from Octomom to Nic Cage to MC Hammer to ... Dorothy Hamill?
- Chris Tucker Funnyman Chris Tucker had big Hollywood hits on his hands with the "Rush Hour" and "Friday" franchises, but it wasn't enough to bring him a stable financial life. Records show that Sun Trust Bank has filed foreclosure papers against Tucker for his $6M Florida mansion. The star reportedly still owes upwards of $4M on the property. But Chris isn't the only star in Hollywood to make very bad financial decisions. Check out the other stars who need a lesson in paying their bills! (AP)read more
- Foreclosure Imminent for Octomom According to TMZ.com, media sensation Octomom and her many babies could soon be homeless. And it seems she has been flirting with foreclosure for some time ... every few months a new report seems to surface. While she never had a Hollywood fortune, "Octomom" likely took home big pay days for her various media interviews and appearances, not to mention that bikini magazine cover. And whether rich or not, she definitely had enough money to get approved for a half-a-million dollar home. Only time will tell how Nadya's finances will eventually fare. (AP)read more2010 American Broadcasting Companies, Inc. All rights reserved.Share
- Nicolas Cage Nicolas Cage saw his financial woes made public back in 2009 and it's been a flood of bad press ever since. The poor guy was even forced to sell his prized comics and castles after a 2008 financial collapse, Cage has put the blame on his former business manager, but a string of poorly reviewed films and personal issues haven't helped. (REUTERS)read more
- Joe Francis In 2009, the 'Girls Gone Wild' creator reportedly owed over $34 million in back taxes and was forced to file for bankruptcy. He also went to jail late that year. But it hasn't been all bad for Hollywood's most-hated businessman since he was released from prison. Last month, he won a small victory when a Las Vegas judge tossed out a $2.5M casino debt that Steve Wynn accused him of owing. (AP)read more
- Mike Tyson The famous boxer reportedly earned $300 million in his career, but it wasn't enough to support a lavish lifestyle that famously includes pet tigers. That's a lot of cat food. He filed for bankruptcy in 2003, owing $27 million. Fun Fact: During his divorce, Tyson reportedly paid $9 million in legal fees. (AP)read more
- Kim Basinger Alec Baldwin's ex came across financial problems after reportedly buying the town of Braselton, Georgia for $20 million, then selling it for $1 million. You do the math. Basinger filed for bankruptcy in 1993 when a judge ordered her to pay Main Line Pictures $8.1 million after backing out of a commitment to star in 'Boxing Helena.' Hmm. Maybe her ex Alec Baldwin was on to something... (AP)read more
- Randy Quaid Dennis Quaid's trouble-making brother had to file for bankruptcy after he wound up $1 million in debt. In 2010, he sued his financial advisor for plundering his millions. Late that year, he and wife Evi went on the lamb for felony vandalism and trespassing charges to Canada, citing fears that a group of "Star Whackers" was looking to murder them. It's gotten so bad, in fact, that Dog the Bounty Hunter is now looking for him, publicly declaring the star "fair game." Yikes! (AP)read more
- Toni Braxton Oh, Toni. In the 1990s, Braxton was one of the music industry's biggest names with her hits like "Breathe Again" and "Unbreak My Heart." But in 1998, when she should have been living as stable as they come, she was forced to file for bankruptcy. She seemed to recover temporarily in the 00's, but when health problems forced her to cancel her Las Vegas show, she filed a second time in 2010 after her debts reportedly spiraled to between $10 and $50M. She was forced to complete a court-ordered finance class last spring and is reportedly working her way back to financial stability.read more
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Ballin' to Broke: Celebrities Who've Lost Fortunes
Famous folks who've faced financial ruin, from Octomom to Nic Cage to MC Hammer to ... Dorothy Hamill?
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