15 Celebrities Who Are Poorer Than You

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Wed, Jun 25 - 1:05 pm EDT | 2 months ago by
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Young, famous, talented, beautiful… many celebrities seem to have it all, including a lot of money. What some do not have, however, is common sense. If every celebrity had it, they’d all realize that the huge river of cash they enjoy at a certain point during their career might just slow to a trickle — or even dry up — one day. That thing our parents said about saving for a rainy day actually applies to most of us, whether you’re a rich celeb or just an average Joe.

The following 15 celebrities may actually have less money than you do.

Lindsay Lohan - Broke Celebrities
Source: WENN

Lindsay Lohan: Child star turned train wreck Lindsay Lohan is a perfect example of what happens when famous kids don’t learn how to manage their money. LiLo was living the big life, but she couldn’t maintain it. She dealt with substance abuse problems, trouble with the law and the all-too-common financial trap many celebs find themselves in: she owed back taxes. In fact, between taxes owed in 2009, 2010 and 2011, Lohan reportedly was in the hole with the IRS for around $300,000. At some point, Charlie Sheen threw the girl a bone and wrote her a check for $100,000 to pay off 2009′s tax debt. Fast forward to 2014 and Lindsay Lohan is still broke. Oprah gave her a break, casting Lohan in a docudrama on OWN and paying her $2 million. But apparently, the well has run dry yet again and she’s out of money. Prediction: Lohan will be broke for life, despite the ridiculous opportunities she’s had.

Kim Basinger - Broke Celebrities
Source: WENN

Kim Basinger: This actress once was rich, but a judge ordered her to pay Main Line Pictures $8.1 million because she backed out of a verbal commitment to star in Boxing Helena in 1993. About the same time, she felt wealthy enough to purchase the entire town of Braselton, Georgia for 20 million dollars. Because why not?! Well, she had to sell Braselton and file for bankruptcy. Despite her acting skills and good looks, fewer people remember that she won an Oscar for her part as a Hollywood call girl in LA Confidential in 1997. Instead, more remember her because of her ex-husband, Alec Baldwin… you know, the guy who left a voice-mail rant calling their daughter a pig, and star of 30 Rock during its run from 2006 to 2013.

Stephen Baldwin - Broke Celebrities
Source: WENN

Stephen Baldwin: Speaking of a Baldwin, Alec’s brother Stephen Baldwin ran into financial problems when he failed to pay the IRS. In 2013, Baldwin pleaded guilty to tax evasion because he didn’t bother to pay taxes for three years. No big thing. He was originally slapped with a $400,000 bill for back taxes and failure to pay penalties and interest, but the IRS gave him a break and agreed to take $300,000 if he paid it off in one year. Why in the the world did Baldwin find himself in this position to begin with? According to his attorney, Baldwin’s moral character really impedes his ability to work. I quote: “Mr. Baldwin is a man of faith, and it’s difficult for him to get jobs in Hollywood that are compatible with his faith, and that’s one of the difficulties he’s had paying off the money,” his attorney said. Eye roll.

Heidi Montag & Spencer Pratt - Broke Celebrities
Source: WENN

Heidi Montag and Spencer Pratt: These two special snowflakes gained some fame thanks to the MTV shows The Hills. They also gained some cash. At one point, they’d reportedly amassed a $10 million fortune. And yet Montag and Pratt, the couple America loves to hate, found themselves broke. Wondering where it all went? Me too. The duo blew through money like it grew on trees. Plus, Montag seemed to really like having plastic surgery. In early 2014, they both acknowledged they were kind of the worst on every TV show they’ve ever been on but claimed they were playing characters for the camera. Regardless, they’re anything but wealthy. Montag said their “financial situation is a little bit stressful – thinking about [the $10m] we spent makes me want to throw up.”

Brendan Fraser - Broke Celebrities
Source: WENN

Brendan Fraser: Okay, so Brendan Fraser probably isn’t poorer than you. He’s not actually broke. But he’s not in as good of a financial position as he should be. After years of appearing in movies that raked in gobs of money, Fraser went to court in 2013 and asked for a reduction in his alimony payments to ex-wife Afton Smith. If you’re wondering how the formerly wealthy star suddenly couldn’t afford the $900,000 a year he was obligated to pay, you’re not alone. His ex-wife wondered, too. She claimed he was hiding contracts that guaranteed income and Fraser claimed they weren’t guarantees, but were in the works. In addition, Fraser said the real issue was that he was injured during Hurricane Sandy — a tree fell on his home and he hurt his back trying to deal with it — and as a result, his future earnings could be reduced because he could no longer perform his own stunts. This of course begs the question: What stunts?

MC Hammer - Broke Celebrities
Source: WENN

MC Hammer: When MC Hammer sang “Can’t Touch This” in the 1990s, he wasn’t singing about his money. This famous big-panted rapper maintained a 40-member entourage that cost Hammer $500,000 per month. Plus, he built a $30 million mansion in a less-than-desirable neighborhood. (It later sold for under $10 million.) Despite earning $33 million in 1991 alone, the star ended up with $13.7 in debt and $9.6 in assets. Hammer filed for bankruptcy in 1996 and is still dealing with IRS issues. He hasn’t ever regained his grip on the hammer, although his current net worth is estimated to be around $1.5 million.

Don Johnson - Broke Celebrities
Source: WENN

Don Johnson: Miami Vice built Don Johnson’s value, but he basically lost it when City National Bank filed a lawsuit and asked that Don Johnson’s ranch in Aspen, called Woody Creek, be auctioned off so the bank could collect the $930,000 that Don owed. In reaction, Johnson’s Timber Doodle Glade Equity Venture LLC, which held the title of the ranch, filed for Chapter 11 bankruptcy in 2004. Again, in 2008, Johnson was required to mysteriously come up with over $14 million to take care of debts. If he wasn’t married to Getty oil heiress Kelley Phleger, we’d wonder where Johnson would be today. Instead, he keeps hanging in there — by a thread.

O.J. Simpson - Broke Celebrities
Source: WENN

O.J. Simpson: O.J., also known as “The Juice,” is a retired American football player, actor, spokesman, and most notably a convicted felon. Simpson went from rich and famous to merely infamous. After he was found liable for the wrongful death of and battery against Ronald Goldman in 1994, Simpson was ordered to pay $33,500,000 in damages in 1997. However, California law protects pensions from being used to satisfy judgments, so Simpson was able to maintain a big lifestyle based on his NFL pension. He also moved to Florida, where a person’s residence cannot be seized to collect a debt. Shady? Of course, but what do you expect form someone who (allegedly) stabbed two people to death? If you asked me that question, I’d have answered, “More criminal behavior.” And sure enough, on December 5, 2008, Simpson was sentenced to a total of 33 years in prison for multiple felonies, including criminal conspiracy, kidnapping, assault and robbery, in Las Vegas. Simpson claimed he was just trying to get some of his stuff back from a few sports collectibles dealers. He is eligible for parole in 2017. Most recently, Simpson said he was going on hunger strike in jail so that he could kill himself, thus enabling his children access to his money. Current report: Simpson is still alive.

Mike Tyson - Broke Celebrities
Source: WENN

Mike Tyson: After a lifetime of fame that earned him a total of over $300 million, boxer “Iron Mike” Tyson ended up living in a modest rental house in Fountain Hills, Arizona. He filed bankruptcy (Chapter 11) in 2003 with a debt of $27 million, thanks to a $400,000-per-month lifestyle and $9 million in legal fees in his divorce from his second wife. Tyson had also served three years in prison for a rape conviction. Tyson had a particularly long list of creditors, including Uncle Sam, who presented him with a tax bill of $13.3 million. He has struggled with addiction his entire life, had a handful of run-ins with the law and squandered all of his fortune. In 2010, Tyson appeared on The View and said, “I’m totally destitute and broke. But I have an awesome life, I have an awesome wife who cares about me. I’m totally broke. I had a lot of fun. It [his poverty] just happened.” He went on to star in a one-man show in Vegas, which then moved to Broadway and finally went on a 36-city tour. Tyson formed a boxing production company and he was also featured on a multi-episode show on Fox Sports. By all accounts, he’s still living paycheck to paycheck.

Pamela Anderson - Broke Celebrities
Source: WENN

Pamela Anderson: Breast implants are expensive, yo. The former Baywatch hottie seemed to be living the good life, but she lived a little too well because in 2013, she owed over $1 million in debts to contractors working on her home and to the government for taxes. She had to sell her Malibu pad to keep plugging along. In early 2014, Anderson married her ex Rick Salomon, who she’d been married to for two months back in 2007 before having the marriage annulled. So maybe she married her way out of the red and back into the black.

Janice Dickinson - Broke Celebrities
Source: WENN

Janice Dickinson: Speaking of pricey plastic surgery, Janice Dickinson, the self-dubbed “world’s first supermodel,” actually did go broke in part because of her penchant for going under the knife. Not only did the once-attractive Dickinson ruin her face in a way that defies words, she got herself into terrible debt. Word on the street — or more accurately, the tabloid circuit — is that she owed over $1 million to Uncle Sam and plastic surgeon docs.

Toni Braxton - Broke Celebrities
Source: WENN

Toni Braxton: Someone needs to unbreak her heart and her busted bank account. The talented singer filed for bankruptcy not once, but twice. The final “I have no money so I need my debts erased” plea came in 2010, when some tabloids put her total debt at up to $50 million. Fast forward a few years and a few seasons of her reality show Braxton Family Values and apparently, Toni was back in the black. She purchased a home down the street from Justin Bieber for $3 million. So as it turns out, Braxton may no longer be financially poorer than you, thanks to screwing her creditors, but you’re far better off than she is… because no matter how much your worst neighbor sucks, he isn’t the world’s biggest douchebag.

Nicolas Cage - Broke Celebrities
Source: WENN

Nicolas Cage: Once upon a time, Nicolas Cage earned $20 million dollars a film and made over $150 million from his movie roles during a 15 year period of time. That might make you wonder how the slightly weird actor who is the subject of some of my favorite gifs ended up owing $13 million to the IRS. The answer is so typical for a celebrity: he couldn’t stop spending money. He bought too many houses, a castle, an island, a private jet, tons of expensive cars, pricey art and “collectibles” (because who doesn’t need a 67-million-year-old dinosaur skull?!) and more. Once he realized the error of his shopping ways, he began an effort to unload property… in 2009. Those of us who don’t have the luxury of spending money like it grows on trees know that selling homes during one of the worst economic downturns ever couldn’t end well. But only in Hollywood can someone find himself in such dire straights and still recover. Unlike some celebs, Cage still commands the big bucks for movie roles.

Natasha Lyonne - Broke Celebrities
Source: WENN

Natasha Lyonne: You can’t turn on your computer without catching at least one headline about the Netflix original series Orange is the New Black. One of the show’s stars, Natasha Lyonne, is probably particularly grateful for the series. She began her career as a child model and she starred in several movies over the years, but you might remember Lyonne best from her role in American Pie. She actually played parts in a lot of movies and was doing well, but a health problem — in addition to a serious alcohol addiction — left her pretty broke in the mid 2000s. Thanks to OITNB and some other roles, she’s pulled her way out of Hollywood’s version of poverty.

Donna D'Errico - Broke Celebrities
Source: WENN

Donna D’Errico: She could wear the hell out of a red swimsuit during her glory days, but Donna D’Errico either couldn’t make or couldn’t manage money. By early 2014, D’Errico filed for bankruptcy, claiming she only had twenty bucks to her name. Reports showed that she listed a monthly income of nearly $8,000, all attributed to alimony from ex-husband Nikki Six of Motley Crue. but monthly expenses of nearly $11,000. And in the end, that left her with a cool $20 bill. So while some of the other celebs on this list have managed to claw their way out of financial black holes and somehow gather up a “small” fortune of a million or two dollars, D’Errico may in fact be poorer than you.

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