- 7/8/2025
From Hollywood stars to sports legends, we're looking at famous faces who went from riches to rags. These celebrities once had it all - mansions, luxury cars, and millions in the bank - but lost their fortunes through bad investments, legal troubles, substance use disorders, or mismanagement. Some bounced back, while others never recovered.
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00:00It wasn't until like day 30 in treatment that I actually woke up and said,
00:04you are being given a gift here.
00:06Welcome to WatchMojo.
00:08And today we're looking at celebrities who lost their wealth and or status.
00:13I have to monitor myself because I'm definitely on a budget.
00:17Wesley Snipes.
00:18Do you think you've changed as a person?
00:21I hope so. I hope so.
00:24You know, my dress size has changed quite a bit.
00:28You might not see much of Wesley Snipes these days,
00:31but back in the 90s and early 2000s, he was everywhere.
00:35Action, comedy, drama, he did it all.
00:38His role as the vampire slaying Blade made him a legit superstar.
00:42But when Snipes reached his peak, everything started falling apart.
00:46On the set of Blade Trinity, he reportedly clashed with the director and co-stars,
00:51earning the difficult to work with label.
00:58We all know how damaging that can be.
01:04Then the real blow came.
01:06Snipes got a three-year sentence for tax evasion,
01:09losing precious time when his career could have soared higher.
01:12In a 2020 interview, he said the experience made him a clearer man.
01:17Maybe so, but not just the famous one he once was.
01:21I don't like you.
01:22You never did.
01:23Michael Vick.
01:24Things are still gonna happen.
01:26Situations are still gonna come up.
01:28But it's all about how you get yourself away from it.
01:31And, you know, how you persevere through those situations.
01:34As the downfall of R. Kelly and others have shown,
01:37fame and fortune don't make you untouchable.
01:39Before 2007, Michael Vick was mostly known as one of the NFL's brightest stars.
01:45But his dogfighting scandal changed everything.
01:47It all started when a drug investigation involving his cousin led authorities to Vick's property,
01:53where they discovered an illegal dogfighting ring.
01:56It wasn't his first brush with legal trouble, but it was by far the most damaging.
02:01When police raided a farm he owned in rural Virginia in 2007,
02:05they uncovered an interstate dogfighting operation called Bad News Kennels.
02:09His reputation took a hit.
02:11He lost his freedom for 21 months, and his finances took a nosedive.
02:15Between losing his NFL salary, endorsements, and drowning in debts,
02:20Vick filed for bankruptcy in 2008.
02:23He may be back on his feet now, but that stain on his reputation lingers.
02:27Did you even know it was wrong as you were doing it?
02:31You know, I knew it was morally wrong on the inside
02:35because of what we was condoning in with the dogs.
02:38But, you know, I never heard about anybody getting into trouble,
02:41going to prison, you know, losing their freedom.
02:46Kate Gosselin.
02:47Do you still love him?
02:48Somebody once told me that if you feel sadness and empathy and pity for someone,
02:55the root of that is love.
02:57In the mid-2000s, Kate Gosselin was soaring high.
03:01Her reality show, John and Kate Plus 8,
03:04which followed her and her husband, John, raising eight kids,
03:07was a massive hit.
03:09Fast forward to 2009, the couple divorced.
03:12The show got a rebrand, and things were no longer the same.
03:15I got those girls' cell phones and iPads so that I could take them away.
03:21Yes, indeedy.
03:23And I've learned I'm not the only parent of teens who has discovered that little gem.
03:28The divorce drama painted Kate in a negative light,
03:31with rumors of her controlling attitude and parenting style turning viewers off.
03:35The custody battles and allegations of mistreatment didn't help matters,
03:40nor did her show's declining ratings.
03:42Since other TV projects fell flat, Gosselin reportedly went back to nursing.
03:47These days, she lives a quieter life,
03:49but her public image is still shaped by vast controversies and the Karen label.
03:54People change, and I was still on the path that we had both agreed on,
04:03and I think I found myself there alone one day.
04:07Lenny Dykstra.
04:09Of course I was upset.
04:10I was upset and I was angry.
04:12But the reality is, when I look back, I made mistakes.
04:18It's wild how someone can go from owning an expensive penthouse to losing it all.
04:23That's essentially Lenny Dykstra's story.
04:25Baseball fans from the mid-80s to late-90s will probably remember this gritty player
04:30who helped the Mets win the 1986 World Series.
04:33But after he retired, Dykstra's world came crashing down.
04:38Before he knew it, Lenny, through careless spending, catastrophic business decisions,
04:45and defending a list of legal charges brought against him, was broke.
04:49In 2009, he filed for bankruptcy, claiming $50,000 in assets,
04:54but behind the scenes were a mountain of debts, shady deals, and hidden assets.
05:00His troubles didn't end there.
05:02Legal woes piled up, including charges for grand theft auto, drug possession, and bankruptcy fraud.
05:08Add in erratic behavior and other disturbing allegations,
05:11and you've got a cautionary tale of how money, fame, and bad decisions can collide.
05:17Do you have any money now?
05:18Um, I mean, the federal government's got most of it.
05:22They got $50 million from me.
05:24Kurt Schilling
05:25Schilling climbs the mound and prepares to take on this Yankee lineup.
05:29This baseball star was once on top of the world.
05:33Fame, fortune, respect on the field, he had it all.
05:36Who could forget his bloody sock from the 2004 American League Championship Series
05:40that was sold for a little over $90,000?
05:44After retiring from baseball, he set his sights on the business world,
05:48but that turned out to be a colossal failure.
05:51Fueled by his hobby for gaming,
05:53Schilling borrowed millions and launched a video game company.
05:57This one-time jock created all this opportunity by turning in his baseball for a broadsword.
06:03Unfortunately for him, he also allegedly invested his entire net worth into this project,
06:09resulting in bankruptcy.
06:10As for his company, it bled out.
06:13Many lost their jobs, and eventually it all collapsed.
06:16There's no question, he's on the hook, and he's taking a serious, serious financial hit.
06:21Post-bankruptcy, Schilling joined ESPN as an analyst,
06:25but that gig wasn't without its own controversies.
06:29Lisa Marie Presley
06:30Elvis Presley Enterprises merged with another company,
06:34and in that merging, he bought 85% of it.
06:37However, I still own 15%, I still have control in what happens,
06:41and a lot of that money, actually, it was a diversification process is what happened.
06:44Elvis Presley wasn't dubbed the king of rock and roll for nothing.
06:48He was one of the greatest artists to ever live.
06:50But by the time he died, most of his fortune was gone.
06:53His ex-wife, Priscilla Presley, however,
06:56managed to turn his legacy into a multi-million dollar brand.
06:59When Lisa Marie Presley, Elvis' only daughter, inherited the estate at age 25,
07:05it was reportedly worth around $100 million.
07:13Sounds like she was set for life, right?
07:15Well, not quite.
07:16A trail of questionable decisions led to her losing control of the fortune her mother had rebuilt.
07:21Debts piled up, lawsuits followed,
07:23and as of the time of her death in 2023,
07:27she was reportedly $10 million in the red.
07:30There is no way we are going to do anything that is going to at all harm,
07:35you know, the name of my father or my father, period.
07:38Willie Ames.
07:39Trouble's where you find it.
07:40Why?
07:41You know, you can find it in Wall Street,
07:43you can find it in corporate.
07:44It's wherever you choose to find it.
07:46I made some really stupid decisions in my life,
07:49and I'm proud of them.
07:51Falling from riches to rags isn't exactly rare in Hollywood,
07:55and Willie Ames is a prime example.
07:57In the 80s and 90s, he was living large,
08:00starring as Tommy in Eight Is Enough and Buddy in Charles in Charge.
08:04I bought you a new pet to replace your snake.
08:07What is it?
08:08It's a surprise.
08:09I don't care what it is.
08:10All I want to know is what does it eat?
08:12Everything.
08:13The guy was a teen idol,
08:15but stardom doesn't come with a lifetime guarantee.
08:18Roles dried up,
08:19substance use disorder became a problem,
08:21and his fortune dwindled.
08:23One bad decision after another left him completely homeless.
08:26The same actor who once had millions was struggling to survive.
08:30In a 2017 interview,
08:32Ames opened up about hitting rock bottom
08:34and taking responsibility for his actions.
08:37It takes sheer determination to reach an all-time low
08:40and come out strong.
08:41We'll give him that.
08:43No, we won't refinance you.
08:45No, we won't lease it to you.
08:47And you need to be out in six days.
08:50We can't help you.
08:51Ed McMahon.
08:52Well, doesn't a shark continually swim?
08:54It never stops swimming.
08:56The shark never stops swimming.
08:58All its life.
08:59What does that got to do with my skin?
09:00Well, I mean, this is you saying for the first three years,
09:02this is all its life.
09:03It never stops swimming.
09:04What happens when you outspend your earnings
09:06and go through a couple of divorces?
09:08You could end up like Ed McMahon.
09:10Once TV royalty,
09:12Ed was Johnny Carson's sidekick on The Tonight Show
09:15and later the face of Star Search.
09:17But in 2008,
09:19fans were stunned to learn he was $644,000 behind in mortgage payments
09:24and facing foreclosure on his Beverly Hills mansion.
09:27I can't believe it.
09:29Surprise, surprise, surprise.
09:32That's not even all.
09:33Citibank sued him for unpaid debts
09:36and a neck injury only made his situation worse.
09:39In a candid chat with Larry King,
09:41McMahon acknowledged his role in his financial ruin.
09:44Overspending, risky loans, divorces, you name it.
09:48The saddest part?
09:49A man who once made millions
09:50allegedly died with about $2 million in debt.
09:54Nobody has made an offer.
09:56I mean, it's just, and it's a lovely home.
09:58I hate to leave it.
09:59I want to keep the home.
10:00I want this all to work out.
10:02Lauren Hill.
10:03Let me break it down for you again.
10:04You know I only say it cause I'm truly genuine.
10:07Don't be a hard rock when you really are a gem, baby girl.
10:10Fame at a young age can be a double-edged sword.
10:13Lauren Hill was in her early 20s
10:15when the Fugees dropped The Score,
10:16one of the biggest hip-hop albums of the 90s.
10:19But tension in the group,
10:21especially with Wyclef Jean,
10:23led to their breakup.
10:24I was drumming my pain with his finger
10:27One time, one time
10:29Singing my life with his words
10:33That didn't dim Hill's light.
10:36She soared solo with the miseducation of Lauren Hill,
10:39which was a critical and commercial triumph.
10:41But after the high, things unraveled.
10:44The Grammy-winning artist slowly withdrew from the spotlight
10:47and over the years,
10:48gained a reputation for being late or unpredictable at shows.
10:51Then came the final blow,
10:53a tax scandal that landed her in prison for three months.
10:57Unfortunately, not everyone built for greatness is cut out for fame.
11:02I'm out here with Wyclef, the son of Gessner.
11:04These days, that's a heroic gesture.
11:06We need to learn to forgive, build a bridge to Terabithia.
11:09Tom Sizemore.
11:10Once upon a time, Tom Sizemore was Hollywood's go-to for tough guy roles,
11:15stealing scenes in Heat, Black Hawk Down, and Saving Private Ryan.
11:19Someday we might look back on this and decide that
11:22Saving Private Ryan
11:24was the one decent thing we were able to pull out of this whole
11:28god-awful s*** mess.
11:31But as Sizemore's acting career was booming,
11:34his life was spiraling.
11:36Why?
11:37Sizemore had a serious substance use disorder,
11:39but that wasn't all the mess he had in his life.
11:42The action star was also arrested multiple times for domestic abuse,
11:46drug possession, and probation violations.
11:49Do you still get pretty closely followed by the TMZs?
11:53Do you get the feeling that they're kind of waiting for you?
11:55They're there, baby. They're in my life.
11:56Waiting for you to stuff up again?
11:58Despite a few comebacks, Sizemore failed to reclaim the fame he once had.
12:03His name became more associated with scandals than talent.
12:06He went from a multi-million dollar house and luxury cars
12:10to having almost nothing.
12:12Tragically, at 61, he died from a brain aneurysm,
12:16which his lifestyle may have contributed to.
12:19I always did thought I could get back,
12:20but in the previous year to me going into treatment here,
12:23the addiction had become, I didn't even like it anymore,
12:26but I could not stop doing it.
12:28Heidi Montag and Spencer Pratt.
12:30How is your financial situation now?
12:33It's a struggle.
12:35Lots of Mexican food, you know, at the food shop.
12:37Once the king and queen of reality TV,
12:40Heidi Montag and Spencer Pratt shot to fame in the mid-2000s
12:44on MTV's The Hills.
12:46They brought a lot of drama,
12:47often overshadowing the show's star, Lauren Conrad.
12:51That's her problem, I guess.
12:53She'll roll on it.
12:54What?
12:54She'll roll up on it right now.
12:56Their lavish lifestyle was no secret.
12:58They blew cash on luxury wardrobe,
13:01Pratt's crystal collection, a full staff,
13:03all while ignoring their business manager's warnings.
13:06Heidi's failed music career,
13:08plus her infamous plastic surgeries done in one day,
13:10didn't help matters.
13:12Soon, all the money was gone,
13:14and they were living broke
13:15in Pratt's parents' vacation home.
13:18Sadly, in 2025,
13:19they lost their home to the LA fire outbreak.
13:22There's more than enough caution in this cautionary tale.
13:25It's a place that you love,
13:28that you live,
13:28that's a refuge from the world,
13:30and to have that be gone,
13:32it's a really difficult concept
13:35to continue to daily deal with.
13:38Sly Stone.
13:39Sly Stone rose to prominence in the late 1960s
13:42as the front man and band leader
13:44of Sly and the family Stone.
13:46Dance to the beauty.
13:50Dance to the beauty.
13:52The group was groundbreaking,
13:54not only for their unique blend of funk,
13:57rock, soul, and gospel,
13:59but also for their racially
14:00and gender-diverse lineup.
14:02Stone's visionary talents
14:03led the group to commercial fame,
14:05but his struggle with substance use disorder
14:07largely contributed
14:08to their dissolution in 1975.
14:11In the years following that,
14:12Stone launched a solo career
14:14that never quite took off.
14:16What was the one or two reasons
14:17that caused you to be tired of being retired?
14:19I mean, that's everybody's dream to just,
14:21you know.
14:22Well, I needed attention and money,
14:24and I needed to do songs.
14:25On top of that,
14:27the substance use disorder persisted,
14:29and he reportedly clashed with his manager
14:31and lost access to royalty payments
14:33for many years.
14:34This apparently put him in the hole,
14:36leaving him homeless
14:37and dependent on welfare checks.
14:40In June 2025,
14:42Stone sadly passed away
14:43at the age of 82.
14:46Doug Hutchison.
14:47Although he had accumulated
14:48a string of supporting film credits,
14:50Doug Hutchison's breakthrough
14:51came in 1999's The Green Mile.
14:54I just want to be out Friday, though.
14:57Come on.
14:59One time.
15:01And then you know what?
15:02You be ready to me.
15:03Hutchison earned critical acclaim
15:05and multiple award nominations
15:07for his performance
15:08as a sadistic prison guard
15:09in the Stephen King adaptation.
15:12He eventually lost all of that favor
15:13when, at the age of 51,
15:15he got married to the then-underaged
15:17upcoming singer Courtney Stodden.
15:20Why the rush to get married?
15:22Because, you know,
15:23I felt like this world
15:25isn't going to last forever.
15:27And, you know, life's short.
15:28Hutchison was widely criticized
15:30for the move,
15:31and, according to him,
15:32was completely blacklisted
15:33by Hollywood
15:34and even his own family.
15:36This brought his once-flourishing career
15:38to a screeching halt,
15:39leading him to file
15:40for bankruptcy in 2017.
15:42The couple managed
15:43to weather the storm
15:44and remain together for years,
15:46although they eventually
15:47called it quits in 2020.
15:48It's been the rock for me
15:50through so many things,
15:53you know,
15:53that I've been through.
15:54So, you know,
15:56it's been interesting.
15:59Teresa Giudice
16:00Since 2009,
16:02Teresa Giudice has been
16:03a regular cast member
16:04on The Real Housewives of New Jersey.
16:06Hey!
16:09Coming to my class!
16:11That same year,
16:12Giudice and her husband Joe
16:14filed for bankruptcy,
16:15citing over $8 million
16:16in liabilities.
16:18This, however,
16:19was only the start
16:20of their troubles.
16:21In 2013,
16:22they were both indicted
16:23on multiple fraud charges,
16:25with some of them
16:26related to their
16:262009 bankruptcy case.
16:28What did you know
16:29about any of that?
16:30I would love to answer
16:31all your questions,
16:32and one day I will,
16:33but, you know,
16:35out of the respect
16:35of the process,
16:37I'm gonna let, you know,
16:39the legal matters
16:40play out in court.
16:41They eventually entered
16:41a guilty plea
16:42and were ordered
16:43to pay over $400,000
16:45in restitution.
16:46As a result,
16:47Giudice was sentenced
16:48to 15 months in prison,
16:50which she served
16:51at the Federal Correctional
16:52Institution in Connecticut.
16:54In 2020,
16:55Giudice filed for divorce
16:56from Joe,
16:57and the couple sold off
16:58their longtime
16:59New Jersey mansion
17:00the following year.
17:01How do you make
17:02a marriage like that work?
17:04I mean,
17:04it's kind of hard.
17:05Like,
17:06I want to wake up
17:07with someone,
17:08go to sleep with,
17:09you know,
17:09with some,
17:10you know,
17:10I want to wake up,
17:11you know,
17:12I want to spend
17:12every day with that person.
17:13Kelly Rutherford
17:14Kelly Rutherford
17:16has been a staple
17:17on the small screen
17:18from as far back
17:18as the late 80s.
17:20The Kentucky-born actress
17:21first burst onto the scene
17:23with the NBC soap opera
17:24Generations.
17:25Listen,
17:26I want to,
17:26I want to thank you
17:28for making my dad's wish
17:29come true.
17:31You know,
17:31I am so glad
17:32he has you for a friend.
17:34Oh, honey,
17:35thank you for your support.
17:37She later gained
17:38further recognition
17:39with major roles
17:40in Melrose Place
17:41and Gossip Girl.
17:42But all of the money
17:43Rutherford amassed
17:44from those shows
17:45was eventually
17:46whittled away
17:46by a grueling custody dispute
17:48with her ex-husband,
17:50Daniel Gerrish.
17:51After filing for divorce
17:52in 2008,
17:53Rutherford fought
17:54for sole rights
17:55of their two children,
17:56a battle that cost her
17:57about $1.5 million
17:59in legal fees alone.
18:01As a result,
18:02she filed for bankruptcy
18:03in 2013.
18:04Regardless,
18:05the dispute continued,
18:07and Rutherford
18:07ultimately lost custody
18:09of both children
18:10in 2015.
18:11From the beginning,
18:12I said I would fight
18:13for my children.
18:14I think most parents would.
18:16This was a mother
18:17refusing to abide
18:19by a court order
18:20and forcing the father
18:23to do something
18:24that he was loath to do.
18:26TLC.
18:27With four Billboard
18:28number one hits,
18:29multiple awards,
18:30and tens of millions
18:31of records sold,
18:32TLC were undeniable
18:34powerhouses
18:34throughout the 90s.
18:35Go, go chasing waterfalls.
18:40Please stick to the rivers
18:42and the lakes
18:43that you're used to.
18:45Their sophomore album,
18:46Crazy Sexy Cool,
18:48was released in November 1994
18:49and sold more than
18:5115 million copies worldwide.
18:53So it came as an absolute shocker
18:55when,
18:56the very next year,
18:57it was announced
18:57that they were filing
18:58for bankruptcy.
18:59TLC cited their seemingly
19:01exploitative record contracts,
19:03which left each lady
19:04with less than $50,000
19:06in annual payments.
19:08At the height of their fame,
19:09they filed for bankruptcy.
19:11Cheated, they say,
19:12by unfair recording contracts.
19:14We're so broke,
19:15we had to borrow money
19:16to go broke.
19:16They succeeded
19:17in renegotiating
19:18their contracts
19:19and bounced back
19:20with 1999's fan mail.
19:23However,
19:23due to the sad
19:24and untimely death
19:25of Lisa Left Eye Lopez
19:27in 2002,
19:29they went on a hiatus
19:30but have since
19:31come back together
19:31now as a duo.
19:33Brett Butler
19:34For five years,
19:36Brett Butler
19:36played the titular
19:37divorced single mother
19:39on the ABC sitcom
19:40Grace Under Fire.
19:42Bedtime.
19:44How come I go to sleep
19:46when I'm not tired?
19:47Because whether you're tired
19:48or not has nothing
19:49to do with it, honey.
19:50You gotta be
19:51when mama's tired.
19:52As the main star,
19:54Butler took home
19:54around $250,000
19:56per episode.
19:57But her struggle
19:58with substance use disorder
19:59eventually contributed
20:00to the series
20:01getting the axe
20:02in 1998.
20:03Since then,
20:04Butler has come
20:05under financial fire,
20:06admittedly making
20:07careless decisions
20:08that ate up
20:09most of her net worth.
20:10This is so dramatic,
20:11but I felt like
20:12my soul was leaving
20:13before.
20:13I knew I was
20:14probably gonna die.
20:15It wasn't
20:16what it should have been,
20:17which is losing
20:18my terrific husband,
20:20getting fired.
20:21Although she made
20:22a return to the small screen,
20:23taking up recurring roles
20:25in How to Get Away
20:25with Murder
20:26and The Walking Dead,
20:27things don't seem
20:28to have gotten
20:29any better.
20:30In 2021,
20:31Butler became so broke
20:33that she nearly
20:34lost her apartment
20:35and hesitantly set up
20:36a GoFundMe page
20:37in order to save it.
20:39Sinbad
20:40Comedian and actor
20:41Sinbad first gained
20:43popularity on the TV series
20:44A Different World
20:45before landing his own sitcom
20:47The Sinbad Show.
20:49Although the series
20:58was canceled
20:58after one season,
21:00Sinbad went on
21:00to film multiple
21:01stand-up specials
21:02and appeared in a host
21:04of movies and TV shows.
21:06But as his star power
21:07kept rising,
21:08so did his spending,
21:09up to the point
21:10that it exceeded
21:11his income.
21:12And it certainly
21:12didn't help
21:13that he kept defaulting
21:14on his tax payments,
21:15ultimately accruing
21:17a tax debt
21:17of $2.5 million.
21:20In 2013,
21:21Sinbad filed
21:22for bankruptcy,
21:23declaring that
21:24he was $11 million
21:25in the hole
21:26with only $16,000
21:28in monthly income.
21:29It's not even a shame
21:30when the bankruptcy
21:31hit me,
21:32people looked at me
21:32like,
21:33look at you.
21:34I said,
21:34bro,
21:34look at my life.
21:35You can look at me.
21:36You ain't never seen
21:36Sinbad with something
21:37that he wasn't
21:38supposed to have.
21:40I helped a lot
21:41of people in my life.
21:42I pushed a lot
21:43of people forward
21:43in my life.
21:44Amanda Bynes.
21:45Amanda Bynes
21:46spent four years
21:47on the Nickelodeon
21:48sketch series
21:49All That
21:50before landing
21:51her own spin-off
21:52The Amanda Show.
21:53Hello,
21:53I am Judge Trudy.
21:55Now,
21:55uh,
21:56Jason Fema,
21:57I understand
21:58you have a complaint
21:59against your parents.
22:00Sure do,
22:01Judge Trudy.
22:02His complaint
22:02is ridiculous.
22:04Did I tell you
22:05it was your turn
22:05to speak,
22:06Mr. I-can't-keep-my-mouth-shut?
22:08By the 2000s,
22:09she was already
22:09a teen idol,
22:11racking up credits
22:12like What a Girl Wants
22:13and Hairspray.
22:14But things soon
22:15took a downturn.
22:16Bynes faced a tough
22:17battle with
22:18substance use disorder
22:19and found herself
22:20in a rabbit hole
22:21of legal trouble.
22:22With rolls drying up
22:23and so many
22:24court cases piling,
22:26it became easy
22:27for money
22:27to go down the drain.
22:28Then she started
22:30making headlines
22:31for all the wrong reasons.
22:33A series of driving violations,
22:35disturbing tweets,
22:36even a hospitalization
22:37under a psychiatric hold.
22:39Even worse,
22:40she was placed
22:41under a conservatorship
22:42and lost control
22:43of her finances.
22:44Bynes seems to be
22:46getting her life
22:46back on track,
22:47however,
22:48as she has maintained
22:48a long streak
22:49of sobriety
22:50and had her conservatorship
22:52ended in 2022.
22:54Gary Coleman.
22:55For his role
22:56as Arnold Jackson
22:57on the NBC sitcom
22:58Different Strokes,
23:00Gary Coleman was,
23:01at one time,
23:02receiving the biggest
23:03salary for any
23:04child actor
23:05on the small screen.
23:06Get a load of
23:07Supermouse.
23:09Watch it, Vernon.
23:10The last dude
23:11who talked to me like that,
23:12I laserized his nose.
23:14But after Different Strokes
23:15came to an end
23:16in 1986,
23:18Coleman realized
23:18that his parents,
23:19who had been
23:20overseeing his finances,
23:22had grossly
23:23mismanaged it.
23:24In 1989,
23:25he filed a lawsuit
23:26against them,
23:27as well as
23:28a financial advisor,
23:29and was awarded
23:30$1.28 million
23:31in restitution.
23:33In the end,
23:33when he went to court
23:34to compel that accounting,
23:36he found that
23:36after everyone else
23:37was paid,
23:38there was almost
23:38nothing left for him.
23:40You were fleeced.
23:43Pretty much.
23:43However,
23:44the roles seemed
23:45to dry up
23:45as Coleman grew older,
23:47leading him to file
23:47for bankruptcy in 1999.
23:50He reportedly battled
23:51with multiple health
23:52and legal issues
23:53later in life,
23:54and passed away in 2010
23:55after falling down
23:56and suffering a brain bleed.
23:58I just hope Gary's happy
23:59and, you know,
24:00he's in a better place
24:01and he's not suffering anymore.
24:02MC Hammer
24:03Over the span of a decade,
24:05MC Hammer
24:06became the quintessential
24:07rags-to-riches
24:08and back-to-rags
24:10Hollywood story.
24:11After releasing
24:11two moderately successful albums,
24:14Hammer achieved
24:14worldwide fame
24:15with his hit single
24:16You Can't Touch This
24:18from his third studio album.
24:19My music hits me
24:21so hard
24:22makes me say
24:22Oh my lord
24:23At the time,
24:25Hammer's net worth
24:25was valued
24:26at over $33 million
24:28by Forbes.
24:29This seemingly
24:30overnight wealth
24:31was soon sucked up
24:32by his lavish spending,
24:34extravagant mansion,
24:35and numerous dependents.
24:36Everybody knew
24:37that I had 200 employees.
24:39It wasn't no secret,
24:40so what'd you think,
24:41I was paying them
24:41in hamburgers?
24:43By 1996,
24:45Hammer's musical success
24:46had plummeted,
24:47and he had to file
24:48for Chapter 11 bankruptcy
24:49as he was over
24:50$13 million in debt.
24:53The California rapper
24:54never quite recovered
24:55from his fall
24:55despite a few
24:56comeback attempts.
24:58Mr. Devil,
24:58can you give me a sign?
25:00He said,
25:00hold a rock up,
25:01that's one of mine,
25:02let's go,
25:03just buy,
25:03that's buy.
25:04Dennis Rodman
25:05As a professional
25:06basketball player,
25:07Dennis Rodman
25:08became world famous
25:09for his insane skills
25:10on the court,
25:11as well as
25:12his controversial persona.
25:13Rodman retired from the NBA
25:20in 2006
25:21and also performed
25:23as a wrestler,
25:24actor,
25:24and reality TV star.
25:26Rodman's journey
25:27to Penery began
25:28in the mid-2000s
25:29when he became involved
25:31with the conwoman,
25:32Peggy Ann Fulford.
25:33Fulford posed
25:34as a financial advisor
25:36and was able
25:36to scam Rodman,
25:38as well as multiple
25:39other athletes,
25:40of millions.
25:41Peggy King,
25:42aka Fulford,
25:45befriended them,
25:46promised to safeguard
25:47their finances,
25:48and then cheated them
25:50out of millions
25:50of dollars.
25:52She was caring
25:54and loving,
25:54but then also
25:55just robbing them blind.
25:56This ate into
25:57his finances so much
25:58that he could barely
25:59afford to make his child
26:00and spousal support payments.
26:02After Fulford
26:03was convicted,
26:04Rodman was awarded
26:05over $1 million
26:06in restitution,
26:08which admittedly
26:09he most likely
26:10will never get.
26:11T-Pain.
26:13Since bursting
26:13onto the scene
26:14in 2005,
26:16T-Pain has racked up
26:17a slew of hit singles
26:18and accumulated
26:19a fortune of over
26:20$40 million.
26:21However,
26:22instead of making
26:23wise financial investments,
26:24he bought a massive house
26:26and a $2.1 million Bugatti,
26:28which he later sold off
26:30for just $800,000.
26:32And then I was like,
26:33hey, since I got this Bugatti,
26:34you know I need another house.
26:36I can probably take this one.
26:39These people just moved
26:40out of a house
26:41that's literally connected
26:42to my house.
26:43So, you know.
26:43It certainly didn't take
26:45too long for that bank account
26:46to go low, low, low.
26:47Next thing you know,
26:49I got low, low, low, low, low, low, low, low.
26:53By 2019,
26:54the Buy You a Drink singer
26:55was left with no option
26:57but to file for
26:57bankruptcy protection.
27:04He did win the first season
27:06of The Masked Singer
27:07the same year
27:07and things seem to be
27:09looking up for T-Pain nowadays.
27:11Todd Herzog
27:12Prior to being cast
27:13on the 15th season of Survivor,
27:15Todd Herzog
27:16traveled across America
27:17as a flight attendant
27:19for SkyWest Airlines.
27:20His highly calculated run
27:22on the show
27:22culminated in him
27:23winning the season
27:24and taking home
27:25the $1 million cash
27:26prize at just 22 years old.
27:29Winner of Survivor China.
27:35But while he triumphed
27:36on the screen,
27:37Herzog's entire fortune
27:39was in jeopardy
27:40as he was struggling
27:41with alcohol use disorder.
27:43It wasn't until
27:43about 30 days
27:44into treatment
27:45that I realized
27:46exactly how bad I was.
27:48And you had no recollection
27:50of being on
27:51The Dr. Phil Show.
27:52I remember about this much.
27:53After seeking
27:54professional help,
27:55Herzog was able
27:56to turn his life around.
27:57He has since
27:58attained sobriety
27:59and now lives
28:00a rather quiet life
28:01with his husband,
28:02Jess Hermanson.
28:03We had the dolphins
28:06help me propose
28:07to this beautiful man,
28:09Jess.
28:09Fantasia
28:10This North Carolina singer
28:16and actress
28:17was propelled to stardom
28:18after winning
28:19the third season
28:20of American Idol
28:20in 2004.
28:22The winner of American Idol
28:242004 is Fantasia Barrino.
28:32Her first ever single,
28:34I believe,
28:34went straight to number one
28:36in the U.S. and Canada
28:37and her debut album
28:38was certified platinum.
28:40Things seemed to be off
28:41to a good start for Fantasia,
28:43but due to her sole breadwinner status
28:45among her siblings,
28:46mother and daughter
28:47and the declining sales
28:48of her second album,
28:49she soon found herself struggling.
28:52Her $1.1 million house
28:54was set to be auctioned off
28:55to cover an unpaid loan.
28:57In an interview with Oprah,
28:59Fantasia owned up
29:00to her mistakes,
29:01blaming her misfortune
29:02on her financial decisions
29:03and inability to say no.
29:09In 2023,
29:11she announced her return
29:12to school
29:13after dropping out
29:14as a teen.
29:15Gary Busey
29:16Once upon a time,
29:18Gary Busey
29:18was a mainstream Hollywood star.
29:21The Texas actor
29:22gained national attention
29:23for his leading performance
29:24in the 1978 biofilm
29:26The Buddy Holly Story,
29:28which earned him
29:28an Oscar nomination.
29:29All my life
29:31I've been awake
29:32and I felt
29:33he no-else
29:34ain't no boy
29:35He followed this up
29:37with starring roles
29:38in movies like
29:39Lethal Weapon
29:39and Point Break,
29:40which were certified
29:41box office hits.
29:43His financial downturn
29:51came in 1988
29:52when Busey was involved
29:53in a serious
29:54motorcycle accident
29:55that left him
29:56with permanent brain damage.
29:58The once bankable
29:58Hollywood player
29:59became erratic
30:00on and off camera
30:02and soon struggled
30:03to find roles
30:04in movies
30:04and TV shows.
30:06My brain got altered
30:07in a way
30:07that's not normal
30:09and I have a different way
30:11of looking at things
30:12and feeling things
30:13and I know
30:13how special life is.
30:15With most of his money
30:16gone and not enough
30:17coming in,
30:18Busey had to file
30:19for Chapter 7 bankruptcy
30:20in 2012.
30:22Lil' Kim
30:23Widely regarded
30:28as the queen of rap,
30:29Lil' Kim inspired
30:30a generation of rappers
30:31with her music
30:32and has sold
30:33upwards of 30 million
30:34singles globally.
30:35Life really was
30:36all about the Benjamins
30:37for the hip-hop star.
30:43However,
30:44following dwindling
30:45album sales
30:46and a prison stint
30:47in 2005,
30:48Lil' Kim found herself
30:49in a free fall.
30:51In 2018,
30:52she declared bankruptcy
30:53claiming to be
30:54about $4 million
30:55in debt
30:56with unpaid taxes
30:57and mortgage loans
30:59taking up a large
30:59chunk of that figure.
31:01In order to pay off
31:02her debt,
31:03the Queen B's
31:03$2.3 million
31:04mansion was auctioned
31:06off,
31:06with the opening bid
31:07being $100.
31:09Yep,
31:10you heard that right.
31:16Kim Basinger
31:18Kim Basinger
31:19became a Hollywood
31:20fixture for her notable
31:21femme fatale roles
31:22throughout the 80s
31:23and 90s.
31:24Merry Christmas to you,
31:25officer.
31:28That obvious, huh?
31:30It's practically
31:31stamped on your forehead.
31:32But at the height
31:33of her acting career,
31:34Basinger faced
31:35multiple setbacks
31:36that severely impacted
31:37her finances.
31:38Tell me,
31:39what do you know about?
31:41I don't know anything
31:42about Batman.
31:43First,
31:43she paid $20 million
31:44to acquire a small town
31:46in her home state
31:47of Georgia,
31:48an investment
31:48that backfired
31:49tremendously.
31:51Next,
31:51she backed out
31:52of the doomed movie
31:53Boxing Helena,
31:54for which she was sued
31:55and forced to pay
31:56millions of dollars
31:57to the studio.
31:58This resulted in her
31:59filing for bankruptcy.
32:01To top it all off,
32:02her marriage to
32:03Alec Baldwin
32:03ended in a messy divorce
32:05that reportedly cost
32:06the Oscar-winning
32:07actress another
32:08few million dollars.
32:09She never quite
32:17recovered financially.
32:18Tony Braxton
32:19For someone like
32:21Tony Braxton,
32:22who's sold more
32:22than 70 million
32:23records worldwide,
32:25it's hard to imagine
32:26how she could
32:26go bankrupt twice.
32:31Just two years
32:32after her smash hit
32:34Unbreak My Heart,
32:35Braxton found herself
32:36in dire straits
32:37and had to declare
32:39bankruptcy.
32:40While her music
32:40generated millions,
32:42Braxton barely got
32:43any of it due to
32:44specific clauses
32:45in her recording
32:46contract.
32:47$170 million
32:48in sales
32:49and you got
32:50$1,972?
32:52Is that right?
32:53Yeah, that's right.
32:53That's true.
32:54She managed to
32:55dig herself out
32:56of that hole,
32:56but ended up filing
32:57for bankruptcy
32:58again in 2010
32:59after her Vegas
33:01residency was cancelled
33:02due to her health
33:03issues.
33:03But just like
33:04the Phoenix,
33:05she was able to
33:06rise from her
33:06financial ashes,
33:07and has since
33:08produced and starred
33:10in the successful
33:10reality series,
33:12Braxton Family Values.
33:13No one did anything
33:15for me.
33:15My family wasn't.
33:16My people that I love
33:17because when you're
33:18being inducted into
33:19something,
33:19you call the people
33:20close to you.
33:21Right.
33:21Everybody bailed on me.
33:23Before we continue,
33:24be sure to subscribe
33:25to our channel
33:26and ring the bell
33:27to get notified
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33:39Burt Reynolds
33:40Oh, I love your suits.
33:42They must be a bitch
33:43getting a size 68
33:44extra fat.
33:45Hollywood legend
33:46Burt Reynolds
33:46was a top box office
33:48draw in the late 70s
33:49and early 80s,
33:51but he gradually
33:51lost his bank ability
33:52as the years progressed.
33:54This, coupled with
33:55his costly divorce
33:56from Lonnie Anderson
33:57and some poor
33:58investment choices,
34:00led to the actor
34:00filing for bankruptcy
34:02in 1996.
34:03He made a career
34:04comeback soon after
34:05with Boogie Nights
34:06in 1997,
34:07which earned him
34:08a Golden Globe
34:09and an Oscar nomination.
34:11Jack Warner,
34:12film maker.
34:12Really?
34:13Yeah,
34:14I'll make you.
34:15Adult films,
34:16exotic pictures.
34:17By 2014,
34:19Reynolds was auctioning
34:20off personal items
34:21and memorabilia,
34:22which rekindled
34:23news of bankruptcy.
34:24In 2014,
34:26he auctioned
34:27his most iconic belongings,
34:29the canoe
34:29from Deliverance.
34:30Trans Am
34:32from Smokey
34:32and the Bandit
34:33and his 1998
34:35Golden Globe
34:35for Boogie Nights.
34:37Until his death
34:38in 2018,
34:39Reynolds lived
34:40at his Florida estate,
34:41which once faced
34:42foreclosure,
34:43but was then bought
34:44by his neighbor,
34:45who let him live
34:46on the property
34:46at a low cost.
34:48Which of these downfalls
34:49is the most tragic?
34:51Let us know
34:52in the comments.
34:52I never saw anybody
34:54enjoy themselves
34:55as much as Burt did,
34:56so, you know,
34:57I think he's probably
34:58still enjoying himself.
35:00To be continued...
35:10...
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