Nearly bankrupt: These celebs lost all their money at some point

Jason Momoa: just one season in 'Game of Thrones'
Will Smith's debts to the Treasury
Michael Jackson, consumed by the flames of glory
Kim Basinger's risky investment
Chris Pratt was poor before he became a star
Johnny Depp and his astronomical expenses
Lindsay Lohan's financial problems
Donald Trump, millionaire on paper
Jodie Sweetin and her tax debts
Wesley Snipes, bankruptcy and prison
When 50 Cent went bankrupt
Nicolas Cage: a castle and an island
Brendan Fraser: alimony troubles
Burt Reynolds, a life marked by excess
Stephen Baldwin: enemy of the tax man
Did you know Walt Disney also had serious financial problems?
Jason Momoa: just one season in 'Game of Thrones'

It may be hard to believe, but after Jason Momoa finished his part of Khal Drogo in 'Game of Thrones,' he was completely broke and did not know how to support his family. Momoa only appeared in the first season of the legendary series and did not get a lot of roles afterwards. Years later, he told InStyle that he'd been "starving" to pay all the bills for his two young children with actress Lisa Bonet. "I couldn’t get work. It’s very challenging when you have babies and you’re completely in debt."

Will Smith's debts to the Treasury

'The Fresh Prince of Bel-Air' saved Will Smith from a million dollar debt. He had made a lot of money with his 1988 rap album 'Parents Just Don't Understand,' but the artist did not declare it to the IRS. Soon enough, the tax authorities demanded $2.8 million from him. On the verge of filing for bankruptcy, the actor signed a contract with NBC to play in The Prince of Bel-Air. For the first three seasons, the Treasury kept 70% of his salary.

Michael Jackson, consumed by the flames of glory

Michael Jackson's sudden death in 2009 led to the discovery of a debt of nearly half a billion dollars. His famous Neverland ranch was about to be foreclosed. The cause of all of this were the big spending habits of the King of Pop, who had to take out  one loan after another. Fortunately, his heirs easily repaid the debt through his estate.

Michael Jackson is one of the deceased stars who continue to make tons of money.

Kim Basinger's risky investment

The Hollywood muse of the 1980s invested $20 million in a company that would create a tourist resort and a film and television production center in Braselton, Georgia in 1993. The project failed and the actress lost everything she had invested. To top it off, Main Line Pictures sued her for the breach of a verbal contract to act in the film "Boxing Helena." She reached an agreement with the production company in 1995 and had to pay them $3.8 million.

Chris Pratt was poor before he became a star

Unlike many colleagues, Chris Pratt knew what poverty was before he came to Hollywood. He slept in a van or on the beach and worked as a waiter to pay for his food and gas. It was while he was working as a waiter, that Rae Dawn Chong spotted him and offered him a role in 'Cursed: Part III.' It was the first film role of a successful career.

Johnny Depp and his astronomical expenses

At one point in his career, Johnny Depp managed to earn an average of $30 million per film. A nice sum he immediately reinvested in mansions, cars, islands, parties and a not-so-sustainable lifestyle. In 2017, he sued his financial team, accusing them of letting him go bankrupt. When he was reminded that he was spending $33,000 a month on wine, the actor was outraged because it didn't seem that much to him. In 2020, his legal expenses mounted once again, as he lost his libel case against the Sun newspaper.

Lindsay Lohan's financial problems

After being Disney's rising star, Lindsay Lohan became famous for her party girl lifestyle. LiLo's fortunes went from one million to a meagre $800,000 in 2018. To get back on her feet, the actress decided to release an album that turned out to be, unsurprisingly, a resounding failure.

Donald Trump, millionaire on paper

Although Donald Trump has never personally filed for bankruptcy, his companies filed for bankruptcy up to six times, according to Politifact. His Taj Mahal casino in Atlantic City was the first to go bankrupt in 1991. After that, and until 2009, the businessman's casinos, hotels and resorts suffered the same fate. "Basically, I used the laws of the land to my advantage, like many others at the top of the business world," he told Forbes.

 

 

Jodie Sweetin and her tax debts

She was the child star of the 80s' sitcom 'Full House.' When that ended, Jodie Sweetin took refuge in the consumption of all sorts of substances. She accumulated a debt of $53,000 to the public treasury, to which were added the alimony payments for her two children and the expenses caused by her four divorces. When she was hired to act in 'Fuller House', the actress was literally broke.

Wesley Snipes, bankruptcy and prison

In 2006, the legendary Blade went bankrupt. A few months later, he was found guilty of tax fraud and tax evasion for an income of $12 million. He was sentenced to three years in prison.

When 50 Cent went bankrupt

The rapper and actor, a 21st-century superstar, had a debt of 32.5 million dollars that forced him to go bankrupt in 2013. The reasons for this debt were several lawsuits and arrears in alimony payments. However, three years later, rumors circulated that 50 Cent had become a millionaire thanks to the 700 bitcoins he had earned for an album. The rapper himself has always denied it.

Nicolas Cage: a castle and an island

There were years when the actor earned $40 million for his work in Hollywood. However, he spent it faster than he made it. Between 1996 and 2011, Nicholas Cage wasted over $150 million. The actor had a mansion in Malibu, the medieval castle Midford, and even an island in the Exuma archipelago. His 15 properties led him to file for bankruptcy and accept whatever roles he could get in recent years.

 

Brendan Fraser: alimony troubles

The man who aspired to become a big Hollywood star with 'The Mummy' had several bad moments in his career. He now plays roles that are not as brilliant as his famous 'George of the Jungle.' According to several media reports, Brendan Fraser has to pay $900,000 a year in alimony for the three children he had with his ex-wife Afton Smith. That's more than he makes.

Burt Reynolds, a life marked by excess

"I've squandered more money than you can imagine," the actor told Vanity Fair in 2015. A private plane and up to $100,000 in wigs in the 1980s were among his many excesses. Add to that his divorce from Loni Anderson in 1994, for which he had to pay $2 million plus a monthly pension of $47,000, and there was not much left in Reynolds's pocket. He filed for bankruptcy in 1996 with a debt of $10 million.

Stephen Baldwin: enemy of the tax man

In 2009, Stephen Baldwin had to file for bankruptcy because he could not afford to pay the taxes he owed nor repay his two big loans. The ordeal was repeated in 2017. After six years without paying his mortgage, he lost his house. He also spent five years on parole for failing to pay his taxes for three consecutive years. In short, Baldwin is not a friend of the IRS.

Did you know Walt Disney also had serious financial problems?

It is hard to believe that the creator of today's largest entertainment empire was suffering from financial difficulties. Yet his early productions were not as successful as expected. Everything changed when Mickey Mouse came into his life.

Read more: these stars used to be really poor.

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