If you manage to become a big-time athlete, actor, or TV personality, you can earn riches beyond your wildest dreams.
Entertainment is a money machine that has turned poor people into millionaires and skyrocketed a fan of Broadway musicals into a billionaire.
While gathering together 12 shocking celebrity net worths, we wanted to focus on the positives and negatives of living a high-flying celebrity lifestyle.
Some of the celebrities we profile have turned their careers into cash cows while others have spent millions and even hundreds of millions of dollars on things they didn’t need — which lead to bankruptcy and even millions of dollars in debt.
Here are shocking celebrity net worths we couldn’t ignore.
12. Jimmy Buffett ($400 Million)
Jimmy Buffett has made millions of dollars from such hits as Cheeseburger in Paradise and Margaritaville. He also earns big money from his constant touring schedule. The famed singer is also a bestselling author and a restaurant chain executive.
11. Maria Sharapova ($195 Million)
Maria Sharapova is one of only ten women to win a Grand Slam. She is currently ranked 37th in the world. On June 9, 2016, she was suspended for two years after it was discovered that she was using a banned performance enhancing drug. Much of her earnings comes from product endorsement deals with the likes of Nike, Tag Heuer, and many others.
10. Dennis Rodman (-$1 Million)
Rodman made our list not because of his insane wealth, but rather because of his loss of wealth. At the height of his career, he was earning upwards of $9 million a season. However, he lived a very lavish lifestyle and was ordered to pay massive child support bills. In 2012 a judge ordered him to pay $800,000 in back child support. Today he has a net worth of -$1 million.
9. Dr. Phil ($280 Million)
It’s pretty amazing that Dr. Phil “plays” a psychologist on his popular TV series. While he does have a Ph.D. in Psychology, he is not actually a licensed psychologist. Despite that small quagmire, he has amassed a massive fortune of $280 million. He also reportedly earns $80 million per year from his show and other investments.
8. Nicolas Cage ($25 Million)
$25 million is nothing to laugh at but given his yearly average salary for so many years, this is a bit surprising. Cage spend a considerable amount of time earning upwards of $40 million per year. His fortune, which would easily be in the hundreds of millions by now, was dwindled by a ton of high-priced acquisitions. Cage owns a reported 15 mansions, 4 luxury yachts, even a private island. Cage also paid $276 for a dinosaur skull.