Anna Nicole Smith thought she was the victim of secret sabotage.
When Anna Nicole Smith's 90-year-old oil-mogul husband J. Howard Marshall passed away, she was left with nothing despite the fact that she was told a trust fund would be set up for her.
Smith sued her husband's estate claiming Marshall's son was sabotaging her chances of getting the money she was "owed." Smith had to file for bankruptcy in 1996 during the legal battle after she was hit with a sexual harassment claim from a housekeeper.
Unfortunately, Smith died before she could hear the results of the claim she made to Marshall's fortune: It was rejected by the U.S. Supreme Court.
Smith sued her husband's estate claiming Marshall's son was sabotaging her chances of getting the money she was "owed." Smith had to file for bankruptcy in 1996 during the legal battle after she was hit with a sexual harassment claim from a housekeeper.
Unfortunately, Smith died before she could hear the results of the claim she made to Marshall's fortune: It was rejected by the U.S. Supreme Court.
Nicolas Cage bought a pyramid. Seriously.
Technically, Nicolas Cage never fully went bankrupt. But he was oh so close.
The notoriously crazy actor was charged with unpaid taxes totaling more than $6 million by the IRS. And that was just the taxes for the 2007 fiscal year.
Cage has been known for some ludicrous expenditures, from the skull bones of a dinosaur to buying a funeral pyramid. After getting into hot water with the IRS, Cage had to sell off a few houses and some valuables.
He also decided to sue his business manager Samuel Levin for tax evasion, but Levin didn't take that lying down. He countersued for Cage's disregard of Levin's advice to stop spending so much money.
The notoriously crazy actor was charged with unpaid taxes totaling more than $6 million by the IRS. And that was just the taxes for the 2007 fiscal year.
Cage has been known for some ludicrous expenditures, from the skull bones of a dinosaur to buying a funeral pyramid. After getting into hot water with the IRS, Cage had to sell off a few houses and some valuables.
He also decided to sue his business manager Samuel Levin for tax evasion, but Levin didn't take that lying down. He countersued for Cage's disregard of Levin's advice to stop spending so much money.
Singer Kelis apparently harvests stem cells from her baby.
Hip hop artist Kelis was pregnant with Nas' baby when the rapper left and refused to pay the upcoming child support bills.
Kelis went on to publicly say "I have run out of money. My survival is based on [Nas'] will at this time. If he does not want to pay for an expense, it does not get paid."
The singer was definitely asking for a lot. She wanted Nas to not only help her pay the mortgage and nanny, but also $15,000 for entertainment and an undisclosed but obviously astronomical amount of money to bank her baby's blood to collect stem cells from the umbilical cord.
Cyndi Lauper had to work in retail to get extra cash.
The singer had to file for bankruptcy in 1981 and work in retail because her record contract with Blue Angel music failed.
But Lauper bounced back and made it big with albums like "She's So Unusual" and "True Colors."
MC Hammer owed $500,000 to former NFL star Deion Sanders
When
you have a $30 million mansion and a 200-person entourage that costs
you $500,000 a month, it only makes sense that no matter how much money
you earn for one album, you're still not making enough to support those
spending habits.
MC Hammer filed for Chapter 11 in 1996 stating exactly that — he did not have the funds to sustain his elaborate lifestyle.
Now, Hammer has bounced back and is in the process of creating his own search engine, called WireDoo. We're not kidding.
MC Hammer filed for Chapter 11 in 1996 stating exactly that — he did not have the funds to sustain his elaborate lifestyle.
Now, Hammer has bounced back and is in the process of creating his own search engine, called WireDoo. We're not kidding.
Nadya 'Octomom' Suleman wants to do porn now to get some finances.
"I have had to make some very difficult decisions this year and Filing Chapter 7 was one of them. But I have to do what is best for my children and I need a fresh start."
The papers she filed in Los Angeles state she is "no longer able to pay her bills, has less than $50,000 in assets and owes between $500,000 and $1 million in liabilities."
Chris Tucker is probably doomed to making "Rush Hour" films just to get a paycheck.
"Rush Hour" star Chris Tucker faced foreclosure on his $6 million home in Florida with more than $4.4 million owed to the Sun Trust Bank.
According to court documents filed at Lake County, the IRS has a lien of $11.5 million so that they can collect federal income taxes.
According to court documents filed at Lake County, the IRS has a lien of $11.5 million so that they can collect federal income taxes.
Kim Basinger bought a town in Georgia ... and promptly regretted it.
Seems like trying to start a tourism hub in a small town in Georgia and reneging on a verbal contract aren't so great for the personal finances.
After backing out of starring in the film "Boxing Helena," Kim Basinger had to sell her $20 million cut of Braselton, Ga., to pay the $8.1 million a judge ordered her to give the movie studio.
Only problem? The tourism capital of Braselton didn't work out in Basinger's favor. Her property was only worth $1 million. Basinger filed for bankruptcy in 1983.
But she did later appeal the ruling over the movie contract and settled out-of-court. Then she went on to win an Oscar in "L.A. Confidential" and had an ugly divorce with Alec Baldwin. You win some, you lose some.
After backing out of starring in the film "Boxing Helena," Kim Basinger had to sell her $20 million cut of Braselton, Ga., to pay the $8.1 million a judge ordered her to give the movie studio.
Only problem? The tourism capital of Braselton didn't work out in Basinger's favor. Her property was only worth $1 million. Basinger filed for bankruptcy in 1983.
But she did later appeal the ruling over the movie contract and settled out-of-court. Then she went on to win an Oscar in "L.A. Confidential" and had an ugly divorce with Alec Baldwin. You win some, you lose some.
Buying a tiger and other elaborate items will make you broke like Mike Tyson.
The boxer owed both the United States and British governments $17 million total in taxes, $750,000 to many law firms and $300,000 to limo services.
Tia Carrere thought the A-Team would come to her financial aid.
Actress Tia Carrere looked to be heading to the top of the A-List after starring in the hilarious "Wayne's World" opposite Mike Myers, and she was starring in the hit soap "General Hospital."
But when the offers started pouring in, Carrere got greedy. In an attempt to get out of her "General Hospital" contract and join the cast of "The A-Team," Carrere filed a lawsuit for bankruptcy stating that "General Hospital" was no longer providing her with enough work to sustain her lifestyle.
She lost the suit and her potential movie star status.
But when the offers started pouring in, Carrere got greedy. In an attempt to get out of her "General Hospital" contract and join the cast of "The A-Team," Carrere filed a lawsuit for bankruptcy stating that "General Hospital" was no longer providing her with enough work to sustain her lifestyle.
She lost the suit and her potential movie star status.
Willie Nelson made an album to pay off the IRS.
Despite being a country-music icon, Willie Nelson had to file for bankruptcy in 1990 after owing taxes totaling at $16.7 million to the IRS.
To help pay his debt, Nelson released an album entitled "The IRS Tapes: Who'll Buy My Memories?" with all the proceeds going to the IRS. During this time they had seized his bank accounts and real estate holdings in six states.
He paid off his debt in three years.
To help pay his debt, Nelson released an album entitled "The IRS Tapes: Who'll Buy My Memories?" with all the proceeds going to the IRS. During this time they had seized his bank accounts and real estate holdings in six states.
He paid off his debt in three years.
"Blade" himself can't avoid financial ruin.
Wesley Snipes
was indicted in 2006 for tax evasion. He apparently tried to cheat the
government out of almost $12 million and for not filing any tax returns
for six years.
In the court case that followed, the claims were affirmed and Snipes surrendered for a jail stint in 2010.
Duchess Sarah Ferguson is obsessed with Chanel and Hermés.
Sarah Ferguson was caught offering access to the Duke of York to a tabloid reporter for half a million pounds and the subsequent scandal made her lose almost all of her finances.
"I lost all my jobs, I lost all my staff, I lost everything," Ferguson stated on a documentary series.
The Duchess went on to say that she was just constantly worried about paying everyone off and that she doesn't understand finances at all. Add to that fact that Ferguson is also obsessed with shopping at designer boutiques, and you can see how the money troubles are consistent.
Courtney Love has an ongoing feud with her American Express bill.
American Express sued the singer for over $350,000 because she refused to make payments on her card. The British paper The Sun stated that Love allegedly was barred from dipping into a trust fund set up for her and her daughter Frances Bean.
Love is also facing another lawsuit by designer Dawn Simorangkir for libel, invasion of privacy, emotional distress, and breach of contract.
Larry King was sued by his business partner.
The former talk show host was embattled in a bitter scandal when he was accused of stealing money from his business partner Louis Wolfson.
King almost lost his career over the controversy and had to file for bankruptcy in 1978.
Luckily, King bounced back and became the "King" of political and entertainment talk show hosts.
King almost lost his career over the controversy and had to file for bankruptcy in 1978.
Luckily, King bounced back and became the "King" of political and entertainment talk show hosts.
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