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14 Celebrities Who Lost Almost Everything [Pic]

Stephen Baldwin – Stephen Baldwin of “The Usual Suspects,” and more recently, a reality TV star, filed for bankruptcy this past summer as a result of more than $2.3 million in personal debt including more than $1 million owed in back taxes. Baldwin became a victim of the housing market collapse after he took out a second mortgage on his $1.1 million home and became “underwater” on the loan.

Kim Basinger – If you”ve ever quit a job, you can be thankful that it probably didn”t cost you nearly $9 million. That”s how much a judge ordered Basinger to pay a film production company for failing to honor her commitment to star in the movie “Boxing Helena.” Apparently she didn”t save enough of her previous earnings to pay the bill; she ended up losing $19 million when she had to sell the town of Braselton, Georgia which she purchased in 1989 and had to file for bankruptcy.

Nicholas Cage – The “National Treasure” star owes a king”s ransom to the IRS – more than $6 million in back taxes to be exact. He blames his former manager, Samuel J. Levin, for losing millions of dollars to risky and speculative investments and recently filed a $20 million suit against the CPA.
To settle up accounts Cage recently sold his castle in Bavaria; he also lost two of his homes in New Orleans to auction after falling into foreclosure.

John Daly – In his 2006 autobiography, “My Life In and Out of the Rough: The Truth Behind All that Bull**** You Think You Know About Me,” professional golfer John Daly admitted that he had lost upwards of $60 million to his gambling addiction.

Lenny Dykstra – This former New York Mets and Philadelphia Phillies center fielder may have been pitching “winning” investment tips through his “Nails on the Numbers” newsletters since retiring from major league baseball but apparently he wasn”t heeding his own advice.
In an April 2009 interview Dykstra claimed a personal fortune of $60 million but just three months later he filed for bankruptcy, stating he held just $50,000 in assets

Zsa Zsa Gabor – Ninety-two year old Gabor was one of convicted Ponzi scheme con artist Bernard Madoff”s celebrity victims. Her lawyer estimates that the actress lost $7 million to Madoff and is now having to pay off back taxes of $118,000 in addition to the loss. Actors Kevin Bacon and his wife Kyra Sedgwick were also Madoff victims. The couple reportedly lost “everything but their real estate and checking accounts” to Madoff”s $50 billion scam.

Jon & Kate Gosselin – With both their marriage and TLC series (“Jon & Kate Plus 8”) over, the reality TV couple, at the least, lost their $3 to $4 million salary from the cable TV company not to mention all of the freebies they have enjoyed as a result of their show including trips, clothes and toys for their brood of elementary-age children.

Victoria Gotti – Daughter of deceased mobster John Gotti, this TV reality show star (“Growing Up Gotti”) filed for bankruptcy after her mansion in Long Island went into foreclosure. Blaming her financial misfortune on her ex-husband”s imprisonment, she lost the home after the bank reported that she owed more than $650,000 in back mortgage payments.

Evander Holyfield – This world heavyweight boxing champion may have earned nearly $250 million during his time in the ring, but he”s lost enough of that fortune to have gone into foreclosure on his 109-room home in suburban Atlanta. Holyfield cites two divorces and numerous failed business investments for his loss.

Billy Joel – He may be a musical genius but this Grammy award-winner hasn”t enjoyed the same string of success when it comes to his finances. He has had to file for bankruptcy and filed a $90 million lawsuit against his former manager (and former brother-in-law) Frank Weber for losing tens of millions of dollars as a result of fraud, risky investments and unauthorized loans. Wonder if that”s why Brinkley left him?

Ralph Lauren – Apparently even billionaire fashion titans aren”t immune to the effects of the global recession. As people have tightened their purse strings, they are passing on designer fashion for more frugally priced outfits. The combination of fewer buyers and a massive stock market decline has put a significant $1.7 billion dent in Lauren”s personal wealth.

Paul McCartney – While the former Beatle made number one hit single “Can”t Buy Me Love,” he learned that love can be extraordinarily expensive. Without a prenuptial agreement, his divorce from Heather Mills in 2008 cost him close to $50 million.
However, with his net worth in the 100s of millions, Sir Paul”s poor house can still be a castle. But for the rest of us, we should at least consider the Kanye West lyric, “We want prenup”, to protect our assets before marriage.

Willie Nelson – Willie Nelson went “on the road again” to raise the $16.7 million in back taxes he owed the IRS after filing for bankruptcy in 1990. Able to laugh at his misfortune he recorded “The IRS Tapes: Who”ll Buy My Memories” to help settle the bill after the government seized his bank accounts and numerous homes, and later went on to star as a spokesperson for the tax preparation firm H&R Block in Super Bowl ads.

Michael Vick – The Philadelphia Eagles” back-up quarterback is just grateful to have a job these days. He was signed to the team after finishing a 19-month sentence at the federal penitentiary in Leavenworth, Kansas for being found guilty of a federal dog-fighting conspiracy charge. That choice cost the formerly Nike-sponsored athlete $135 million. In 2005 Vick was listed as the 33rd most powerful celebrity by Forbes magazine; three years later he was forced to declare personal bankruptcy

In Conclusion – While everyone was hit by the latest recession, remember this: chances are someone else lost a whole lot more than you did.

Feeling the stressed? Be grateful – even if it has been a hard year financially, you haven”t lost as much as these guys.

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Date: 08/24/13 07:25 PM

27 Responses to 14 Celebrities Who Lost Almost Everything [Pic]

  1. Profile photo of kitteh9lives
    kitteh9lives Female 70 & Over
    8013 posts
    August 24, 2013 at 5:00 pm
    Link: 14 Celebrities Who Lost Almost Everything - Feeling the stressed? Be grateful - even if it has been a hard year financially, you haven`t lost as much as these guys.
  2. Profile photo of oobaka
    oobaka Male 40-49
    823 posts
    August 24, 2013 at 6:27 pm
    F*ck Michael Vick. F*ck him with a cactus covered in razor blades
  3. Profile photo of McThstlpnts
    McThstlpnts Female 18-29
    1540 posts
    August 24, 2013 at 6:32 pm
    Boo-freaking-hoo. Most of these people lost their fortunes because of sheer stupidity and being financially irresponsible. And the ones who were actually affected by the recession are still millionaires. No sympathy.
  4. Profile photo of Dead-Kittens
    Dead-Kittens Male 30-39
    1035 posts
    August 24, 2013 at 6:54 pm
    Made it a about half.. Getting a reality show and not making a 3 or 4 million salary anymore is hardly going broke...Nicholas Cage sold his castle in Bavaria? jezuz economy really hits you where hurts eh?
  5. Profile photo of DrProfessor
    DrProfessor Male 18-29
    3894 posts
    August 24, 2013 at 7:00 pm
    It must be nice to have a castle in Bavaria.

    This only made me despise them more.
  6. Profile photo of Theyoyoguy
    Theyoyoguy Male 18-29
    462 posts
    August 24, 2013 at 7:54 pm
    drat the castle, why on earth would someone buy a drating town??
  7. Profile photo of OldOllie
    OldOllie Male 60-69
    15845 posts
    August 24, 2013 at 8:01 pm
    Easy come, easy go.
  8. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    35680 posts
    August 24, 2013 at 8:37 pm

    Don`t you just feel so bad for people who loose their other homes and are limited to just one limousine!

    The horror!
  9. Profile photo of korahn
    korahn Male 30-39
    1197 posts
    August 24, 2013 at 10:08 pm
    awww poor celebutards. "I had to sell my castle" "I had to sell my town" Yeet thaey are all still better off than any of us, even the useless reality show ones.
  10. Profile photo of bacon_pie
    bacon_pie Male 30-39
    3062 posts
    August 24, 2013 at 10:32 pm
    109 ROOMS!!! 109 ROOMS!!! Christ Almighty! I keep in touch with maybe 20 friends and I only trust 3 people with my life. 8===D~~~their loss~~~
  11. Profile photo of Zismo
    Zismo Male 18-29
    988 posts
    August 24, 2013 at 10:34 pm
    where`s Leonard Cohen? MC Hammer?
  12. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    35680 posts
    August 24, 2013 at 10:43 pm
  13. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17516 posts
    August 24, 2013 at 11:13 pm
    Willie Nelson was told several times he owed taxes.

    He thought they were saying Texas.

    That`s why he threw that huge BBQ down there every year.
  14. Profile photo of paddy215
    paddy215 Male 18-29
    1677 posts
    August 25, 2013 at 1:18 am
    sheesh, I thought I had it tight cause I owed me ma a score.
  15. Profile photo of Tiredofnicks
    Tiredofnicks Male 30-39
    5101 posts
    August 25, 2013 at 2:17 am
  16. Profile photo of drawman61
    drawman61 Male 50-59
    7708 posts
    August 25, 2013 at 3:18 am
    perhaps the bankers could have a whip-round for them.
  17. Profile photo of djwajda
    djwajda Male 40-49
    885 posts
    August 25, 2013 at 3:54 am
    I`m confused, am I supposed to feel sorry for them?
  18. Profile photo of Jake_Justus
    Jake_Justus Male 50-59
    7033 posts
    August 25, 2013 at 6:33 am

    All the people in the above photos spent a weekend on Willie Nelson`s tour bus and, after that, they really didn`t care anymore.
  19. Profile photo of Listypoos
    Listypoos Male 40-49
    3053 posts
    August 25, 2013 at 7:02 am
    Yeah, my heart bleeds purple piss for them. It`s unfortunate that some of them got ripped off by others but that is still down to their own nativity, greed, or stupidity in most cases.

    I like to think that when MC Hammer went bankrupt his bank sent him a letter about his account saying `you can`t touch this`.
  20. Profile photo of Rodin
    Rodin Male 30-39
    664 posts
    August 25, 2013 at 7:16 am
    What about Gary Coleman and Todd Bridges?
  21. Profile photo of flying_ltj
    flying_ltj Male 18-29
    340 posts
    August 25, 2013 at 7:24 am
    Stopped taking the list seriously when they referred to Jon & Kate Gosselin as celebrities.
  22. Profile photo of skypirate
    skypirate Male 18-29
    2283 posts
    August 25, 2013 at 9:04 am

  23. Profile photo of ferdyfred
    ferdyfred Male 40-49
    13515 posts
    August 25, 2013 at 2:47 pm
    If they earned that much to be banked - fool them
    feck em, If I earned one million, I would retire be done and live off the interest, and be humble
    material stuff comes and goes, quality of life leaves the memories
  24. Profile photo of emmettyville
    emmettyville Female 40-49
    4340 posts
    August 25, 2013 at 7:10 pm
    I guess you dont need brains to become rich, but it sure helps if you want to keep being so.
  25. Profile photo of ForSquirel
    ForSquirel Male 30-39
    1990 posts
    August 26, 2013 at 5:19 am
    and I feel pity for none of them
  26. Profile photo of jpwhitfo
    jpwhitfo Male 40-49
    165 posts
    August 26, 2013 at 12:38 pm
    "Feeling the stressed? Be grateful - even if it has been a hard year financially, you haven`t lost as much as these guys."

    Really? A `celebrity` doesn`t pay taxes for 10 years or so and they owe millions... The average person would be in jail and have nothing when they get out. Isn`t Wesley Snipes one of the few who actually did time for his tax history?
  27. Profile photo of SPrinkZ
    SPrinkZ Male 18-29
    2275 posts
    August 27, 2013 at 10:37 am
    Aw poor babies...they only got 50 mil left? How are they gonna survive without their fleet of yachts and 4 summer homes and their mansion and escorts? I am a drating wreck right now just thinking about HOW?!

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