For some celebrities, life isn't all Malibu real estate, Cadillacs and Hennessy. In 2017, Experian and Credit.com reported that 73 percent of American consumers die with outstanding debt — to the tune of $61,554, on average — and your favorite actors and sports stars aren't immune.
Here are 15 celebrities whose small fortunes might surprise you.
15 celebrities with surprisingly small fortunes
15 celebrities with surprisingly small fortunes
Lindsay Lohan Net Worth: $500,000
Drugs, alcohol and general debauchery don't always break the bank for famous celebrities — just look at Charlie Sheen's $20 million net worth. However, Lindsay Lohan is one star whose financials took a serious hit as a result of her partying. The "Mean Girls" actress' bank account has been under the control of the IRS since 2012, bringing her net worth down to a mere $500,000.
During his career of more than 20 years of professional fighting, Evander Holyfield took home an Olympic bronze medal, WBA, WBC and IBF titles, plus the honor of World Heavyweight Champion an impressive four times. He also took home an estimated $230 million in prize money. However, after a few decades' worth of IRS issues, foreclosures and expensive mortgages, Holyfield lost his 54,000-square-foot California mansion, his bronze medal and many of his other possessions, leaving him with a financial value of just $500,000 — and the realization that nothing lasts forever.
Known for his rampant drug use and unfiltered behavior on reality shows like "Celebrity Big Brother," Gary Busey has suffered his share of media mishaps. Still, the actor works regularly — as of September 2017, he has no less than four films either in the process of filming or in post-production. Despite a nearly 50-year career, Busey has suffered some serious financial issues. He filed Chapter 7 bankruptcy in 2012 and owes everyone from Wells Fargo to the UCLA Medical Center, leaving him with a net worth of -$500,000.
REUTERS/Gus Ruelas (UNITED STATES - Tags: ENTERTAINMENT HEADSHOT)
Burt Reynolds Net Worth: $5 Million
In 2015, "Vanity Fair" summed up Burt Reynolds's situation with the pitch-perfect headline, "Burt Reynolds Isn't Broke, But He's Got a Few Regrets." Five million dollars is nothing to scoff at, but as a celebrity net worth, it does seem low for the star of films ranging from "Deliverance" to "Boogie Nights." Speaking to "Fair," Burt explained how he went from earning $10 million annually to his currently modest net worth: "I've lost more money than is possible, because I just haven't watched it… There are a couple of actors who are quite brilliant with the way they've handled their money. But they're not very good actors."
REUTERS/Dylan Martinez TPX IMAGES OF THE DAY
Aaron Carter Net Worth: -$2 Million
As a band and a brand, the Backstreet Boys have a net worth of $200 million. Unfortunately for Aaron Carter, his -$2 million net worth isn't currently contributing to that total. Speaking to the Huffington Post in 2016, Carter said that he had made more than $200 million by the time he was 18, but financial mistakes like buying ostentatious houses and neglecting to pay taxes cost him millions.
Still, Carter isn't exactly living life in the poor house. He told the Post, "I'm not broke. I mean, I don't make all the money in the world right now, but I'm doing the best that I can."
REUTERS/Mario Anzuoni/File Photo
MC Hammer Net Worth: $1.5 Million
The 1990s truly were "Hammer time." Riding high on a fortune of over $25 million, Hammer had a 17-car garage, a swimming pool in the shape of his famous puffy genie pants and a staff of 200 he was paying about $6.2 million annually. So, how did Hammer's net worth shrink to a post-bankruptcy $1.5 million? The answer lies in one word: sustainability.
Nowadays, rebound king Dennis Rodman is part of the $500,000 club, but that wasn't always the case. During the 1991-1992 season, he earned over $1 million; and at the peak of his basketball career with the Chicago Bulls, the athlete brought home almost nine times that amount, raking in nearly $27.4 million throughout his NBA career. Rodman's riches didn't last, however. In 2012, the athlete claimed he was too broke to pay the $800,000 he owed in child support.
(Photo by Noel Vasquez/Getty Images,)
Heidi Montag Net Worth: $20,000
Although you might not expect reality stars to earn as much as A-listers, many of them do quite well for themselves. Forbes reports that "Real Housewives" star Bethenny Frankel, for instance, earned $8.5 million in 2016. But despite building up a big name in the reality world via appearances on "The Hills," "Famous Food," "Celebrity Big Brother" and other shows, Heidi Montag now sits on an estimated value of only $20,000.
Montag and her husband Spencer Pratt were once earning $2 million a year, but now have "nothing to show for what we'd done," as she told "People" in 2016. That's because $3,000 bottles of wine, $15,000 nights out and a $1 million wardrobe will deplete even the most generous of salaries.
In 1996, Sinbad was in "Homeward Bound II," but by 2013, he was working on a different sort of sequel — his second bankruptcy, following an initial one in 2009. At the time, TMZ reported a roster of debt, including $8.3 million to the IRS, $374,979 to American Expressand $2.3 million to the California Franchise Tax Board. If you want to help Sinbad out, you can still buy a hardcover copy of "Sinbad's Guide to Life" on Amazon — just don't follow the financial advice.
(Photo by Bobby Bank/Getty Images)
Mark Hamill Net Worth: $6 Million
There's a great disturbance in the Force: Although Forbes reported that the "Star Wars" franchise is worth almost $10 billion to its new owners at Disney, Luke Skywalker himself only has a net worth of $6 million. In his post-Jedi days, Hamill was a workhorse in the world of animation, famously voicing the Joker across multiple Batman TV series and video games for more than 20 years. Of course, now that Luke is back on the silver screen, expect to see an uptick in Hamill's assets. "Variety" reported that Mark took home a low-seven-figure salary for 2015's "The Force Awakens," for a dialogue-free appearance. As Luke's role grows in the "Star Wars" films slated for 2017 and 2019, so will Hamill's paychecks.
REUTERS/Eduardo Munoz Alvarez
Mike Tyson Net Worth: $3 Million
Now retired, Mike Tyson earned in excess of $300 million throughout his career as a boxer. Since the late 80s, though, Iron Mike has grappled with rape charges, jail time, drug problems, excessive spending and a 2003 bankruptcy. Earlier this year, he told CNN Money, "I didn't think I'd make it through my 30s."
So far, Mike has made it to 50 and — small though his current net worth might be compared to his former fortune — he even managed to come out of bankruptcy alive.
It's not uncommon for actors and models to squander their fortunes. However, it's a sad day when the self-proclaimed "world's first supermodel" — a woman who has been in the business for more than 40 years — sports a net worth of just half a million. Even after years of serving as a judge on "America's Next Top Model," Dickinson filed for bankruptcy in 2013, claiming that she had only $19,000 in assets and $1 million in liabilities, including $300,000 owed to City National Bank and $550,000 in back taxes.
REUTERS/Jason Redmond (UNITED STATES - Tags: ENTERTAINMENT)
Randy Quaid Net Worth: -$1 Million
If you've seen "National Lampoon's Christmas Vacation," "Days of Thunder" or "Independence Day," you might have a soft spot for Randy Quaid. However, the Golden Globe winner and Oscar nominee has fallen on some hard (and weird) times over the years, often on the run from law enforcement for racking up unpaid hotel tabs of $10,000 apiece. Randy and his wife Evi claim that the root of their problem lies with the "Hollywood Star Whackers," a secret underground cult that defames or assassinates movie stars as means of embezzling their fortunes. Now that's a story worthy of a blockbuster.
(Photo by Jesse Grant/WireImage for Backstage Creations)
DMX Net Worth: -$10 Million
Here's the recipe that got DMX to the top of the poorest celebrities: Start with 30 million albums sold and then add child support for 15 children and $2 million owed to various creditors like Compass Bank. Throw in a dash of Chapter 13 bankruptcy, and an alleged $0 in the bank, and then add a $1.7 million back-taxes bill from the IRS. The end result is three of those platinum albums being sold on eBay for a total of $3,000.
Chris Tucker Net Worth: $3 Million
The star of "Fifth Element" and "Rush Hour," Chris Tucker was once among the highest-paid actors in Hollywood, racking up paychecks of $25 million per picture. However, a string of financial crises — like foreclosing on his $6 million home in 2011, taking a feature film hiatus and settling a $2.5 million tax lien in 2014 — had a serious effect on his net worth.
Still, Tucker seems happy with being selective, even if he's not quite as rich as he used to be. As he told the Los Angeles Times in 2015, "I want to get better. I want to do something that excites me, that is different and fun." For this small-fortuned celebrity, at least, money truly isn't everything.