When we think of celebrities, a lot of things come into our heads about them and their lives. But first and foremost, we often think about how it must be to be as rich and famous as them. And while most celebrities are indeed rich and famous, sometimes we may overestimate their wealth. In fact, there are actually a lot of celebrities out there who are either struggling financially or are dealing with some big time financial problems in their lives. We went out and found 15 celebrities that had big problems that cost them big money. Number 10 is especially surprising…
#15 Tiger Woods
In his prime, Woods was one of the richest and most famous athletes on the planet. But when it was leaked that he had cheated on his wife, it all came crumbling down for Woods. He stopped playing well, and then his earnings were cut in half. While he was still making over 50 Million a year, that was a MASSIVE drop from the over 100 Million he was making before the scandal.
Throughout history, there have been few musical acts that have been as famous or as legendary as Madonna. But while she was known for her success as a singer, she was also known for being quite controversial. In fact, she once lost an endorsement deal with Pepsi that was likely worth millions, because she was burning religious imagery and crosses in a music video. Number 11 is also another musical artist whose conduct got them in some trouble.
#13 Nicolas Cage
A lot of celebrities have been stupid with their money, especially Nicolas Cage. While he is a big star who has made millions, his spending is still quite outrageous. He has spent $300,000 on a single car, $276,000 on a dinosaur skull and a whopping $3 Million for an island in the Bahamas. As a result of these purchases (and more), he has dealt with a lot of real estate and tax problems in his life.
#12 Paula Deen
Celebrities don’t often think before they speak, and this can land them into a ton of hot water. Take, for example, Paula Deen. Deen got in some real big trouble when she used racial slurs hat damaged her rep beyond repair. She lost endorsement deals from the likes of Walmart, Target, Sears, Home Depot and more.
#11 Wyclef Jean
A lot of celebrities mismanage their money and have been caught with millions in Ponzi schemes. Celebs also have their own foundations and charities, in which they are the primary handler of the cash. In 2010, Wyclef Jean was caught for misusing funds from his Yele Haiti charity which was not a good look for him.