Famous people who lost a lot of money! These hollywood actors, musicians, and stars went near bankrupt or lost a lot of money
10. 50 Cent- When the rapper first emerged on the hip hop scene in the 2000’s, he made a big name for herself coming from a crime ridden neighborhood plagued with drugs and shootings. He’s managed to sell more than 20 million albums and has even won a Grammy. He was ranked one of the richest rappers in the American, trailing behind Jay-Z. However, around the mid-2000’s, he started to spend his earnings quickly on a lavish lifestyle. He bought cars, jewelry and even helped support a small group of friends and family members, as well as donating to numerous charity organizations. But things started to go downhill when he publicly shared a sex tape of a rival rapper’s ex-girlfriend. A lawsuit ensued, and he was forced to pay $5 million dollars. He also lost more than $1 million dollars on Sleek by 50 and faced a $17 million dollar lawsuit for allegedly stealing the design. With more than $15 million in liabilities, he filed for bankruptcy in 2015.
9. Gaby Hoffmann- As a young child, she starred in a number of box office hits that include Uncle Buck and Sleepless in Seattle. She went on to enroll into college and lead a normal life outside of the fame and Hollywood lifestyle. But her life was far from perfect. In a New York Times interview, she revealed the state of her current finances and said she only had a few thousand dollars in her bank. She started off the conversation by showing her love for singing sensation Beyonce and her billboard with the logo “life is but a dream.” Hoffmann then said that under the billboard was a homeless guy and her with $2 bucks. She went on reveal that $2 was a euphemism for $4,000 which she recognizes as a big amount of money. However, the actress states that it’s not that much if you don’t know where the next sum of money is coming from next.
8. Randy Quaid- With a career that spans over two decades and with over fifty films under his belt, it’s hard to believe that Randy Quaid spiraled downhill. Having been nominated for several Academy Awards, he’s starred in notable films like Brokeback Mountain and Elvis. The first signs of trouble surfaced when Quaid ensued a legal battle with the production company of Brokeback Mountain. The actor was requesting $10 million dollars in punitive damages because he stated the film had no real shot at the box office. The lawsuit was eventually dropped, but in 2009, he and his wife were arrested in California for failing to pay a $10,000 bill. They were due to appear in court but failed to show up. By 2010, there were several warrants out for their arrest. The couple also had burglary charges against them for staying at a property without the owner’s permission. But it doesn’t stop there, he and wife fled to Canada as refugees claiming that several actors were murdered by the “Hollywood Star Whackers,” and that they were next. While living in Canada, he crossed into the United States in 2015. He was arrested while in Vermont, luckily a judge let him out him. The actor and his wife now reside in Vermont and still face arrest if they ever leave the state. As for his career, that is far from over, but he still believes that they are still being targeted by this conspiracy group. He sends out videos and messages online spewing out bizarre and strange beliefs, but he’s focused and sane than he’s ever been.
7. Pamela Anderson- Best known for her work in Baywatch, the actress has been in the entertainment industry for more than two decades. But in the past years, it seems like the actress was falling on hard times. In 2007, county records showed that the starlet owed over $250,000 dollars in penalties and tax. Then in 2009, it was reported that she owed $1.7 million dollars in tax debt. In that same year, L.A County records showed that five construction companies filed a lawsuit for bills and remodeling work on her Malibu home. One company claimed there was over $500,000 for labor and materials to work on her house. While the actress stated that she wasn’t broke, she released a statement saying her lawyers were reviewing the work to see if the bills were fair. She went on to say that if they were fair, they would be paid and if they weren’t then they wouldn’t.