"I had everything and now I'm $60 million in debt. When he filed bankruptcy, he is said to have owed money to the IRS, lawyers, a financial manager and British tax authorities on top of a $9 million divorce settlement and child support payments. Mike admits he "went crazy" with his money, squandering his fortune on jewelry, mansions and cars. Mike Tyson's boxing career made him a millionaire, earning a reported $400 million throughout his career, but by 2003, he was millions of dollars in debt. But they're not very good actors," Burt told Vanity Fair before his passing.ġ3 Actors Who Got Their Start As Professional Athletes There are a couple of actors who are quite brilliant with the way they’ve handled their money. But I haven't been somebody who's been smart about his money. I've still done well in terms of owning property and things like that. "I've lost more money than is possible because I just haven't watched it. While many factors led to his financial distress, Burt says it was mostly because he just didn't watch his spending. He reportedly had spent much of his fortune on real estate, custom cars, horses, and a private jet and after an expensive divorce settlement, he wasn't able to repay a $3.7 million loan to CBS.
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Even to this day, there's nothing I can really do about the fact that money came and went," Christy said on her YouTube channel.īurt Reynolds may have been a major movie star but by the 1990s, he was forced to file for bankruptcy. I felt like if I could just buy certain things, I would feel better or if I just lived a certain lifestyle, I would be closer to that joy of feeling accepted and a lot less alone because I felt really dumb for not knowing about my money and I never really made peace with that. And in that same year, I spent it.I was using buying things and money as a weapon. And in that year I made just about a million dollars. For example, when I was 21, I had a record deal.
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I didn't take any money and store it away.I was not being taught how to manage my money. "I really regret not investing my money wisely.
At one point she even spent large amounts of money on a psychic, which she says is one of her biggest regrets. She explained that she blew "millions of dollars" because she didn't know how to manage her wealth and ended up buying "big ticket items" like cars in order to "feel better" about herself.
These Stars Landed Dates With Their Celebrity CrushĬhristy Carlson Romano was a Disney Channel star growing up but recently revealed that she lost the majority of the money she made by the time she was a young adult.
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