Celebrities with lots of fame but no fortune – Part (okay, mostly all) of the appeal of being a celebrity is the millions of dollars that often come with fame. After all, many celebs get to travel the world to promote movies, perform at their own concerts and have their hair and makeup done on a daily basis in order to look their best in front of the camera.
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Of course, there are plenty of famous people who haven’t made the best decisions with their money. It’s pretty understandable that these celebs would get excited after seeing their first few paychecks. So, it’s natural for some individuals who have reached celebrity status to want the expensive cars, houses, clothes and vacations they weren’t able to afford before. However, it’s not long before the spending gets out of hand. Money problems also affect celebrities because of divorce or a chronic illness. In some cases, these celebs end up worse off than they were before making it big in Hollywood.
Some celebrities intentionally stay out of the spotlight when they go broke. Some make an effort to get jobs again that will restore their financial stability. There are even some who are able to make a comeback, but they still take a while to start implementing money management skills. Ironically, the money problems of some celebrities have helped to make them even more famous, even if it’s not exactly in a good way. Here are 10 celebrities with lots of fame—but no fortune.
10. Burt Reynolds
Dashing football player turned actor, Burt Reynolds has had a long career, spanning decades. His first public bout with money problems came when he divorced his wife, fellow actor Loni Anderson, in the 1990s. In 2011, financial reports revealed that Burt Reynolds owed over $1 million on his home in Hobe Sound, Florida. It was recently reported that the star was once again in debt, and owed $10 million because of his excessive spending habits. Reynolds, who is now 79 years old, denied the rumors that he was having financial problems, but later had to sell all the memorabilia from his movies, which is a clear indication that he’s not as rich as he’d like everyone to believe he is.
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