1 Nicolas Cage has had an expansive and successful acting career, even snagging nominations for the Academy Awards for his roles in Adaptation and Leaving Las Vegas. On top of that, he's from the successful, wealthy Coppolla family. What could go wrong?
2Well, Cage led an extremely lavish lifestyle, buying entire islands, rare comics, castles, yachts, cars, and more. He had to sell many of these things to pay off millions of dollars in outstanding debt to the IRS. In addition, he is currently being sued by investment companies for failing to repay multi-million dollar loans.
2We all loved Lindsay Lohan in movies like The Parent Trap, Freaky Friday, and Mean Girls. But sadly, her troubled personal life got in the way of her acting opportunities, and her finances went down the drain.
Reportedly Lindsay Lohan has $600,000 worth of credit card debt and at one point, owed the IRS $300,000. Charlie Sheen gave her a $100,000 check, but her finances will likely never be what they were.
Willie Nelson is a country music LEGEND. But in 1990, he had to declare bankruptcy because he owed a whopping $16.7 million dollars to the IRS.
To try to recoup his losses, Nelson recorded an album called The IRS Tapes: Who'll Buy My Memories? All proceeds went to the IRS. His debt was cleared in three years.
How could Kim Basinger go in debt after the height of her popularity in the '80s and '90s, starring in movies like L.A. Confidential, Never Say Never Again, and Batman?
However, she was sued for $8.1 million after she backed out of a movie contract, and even had to declare bankruptcy. She also hasn't been in many movies lately--however, she will star as Elena Lincoln in Fifty Shades Darker as Christian Grey's ex-lover.
Brendan Fraser enjoyed enormous success in the '90s and '00s, starring in such movies as George of the Jungle, Encino Man, and of course, the highly successful Mummy trilogy. What went wrong?
For one thing, his acting career came to a screeching halt. He went through a divorce in 2007, and by 2013 he had to ask the courts to lower his child support and alimony payments because he could no longer afford them.
In order to pay off the millions of dollars she owed to the IRS, she was forced to sell off almost all of her real estate--even a huge mansion in Australia.
Toni Braxon is a singer best known for her songs "He Wasn't Man Enough" and "Unbreak My Heart." But she also owed huge debts to creditors, and had to declare bankruptcy twice.
In 1998 she had to file for bankruptcy because she was $3.9 million in debt. Things got better, but then she filed for bankruptcy again in 2010. Supposedly her debts were even higher--anywhere from $10 to $50 million!
Even after recording an album and signing to a record label, Cyndi Lauper had to file for bankruptcy in 1981. She worked as a waitress and in retail for several years.
Luckily, Lauper was able to bounce back and continue at another record label. She never suffered from money problems again.
Even after recording an album and signing to a record label, Cyndi Lauper had to file for bankruptcy in 1981. She worked as a waitress and in retail for several years.
Luckily, Lauper was able to bounce back and continue at another record label. She never suffered from money problems again.
Even after recording an album and signing to a record label, Cyndi Lauper had to file for bankruptcy in 1981. She worked as a waitress and in retail for several years.
Luckily, Lauper was able to bounce back and continue at another record label. She never suffered from money problems again.
But that wasn't enough. In 2013, Dickinson filed for bankruptcy. She owed $1 million to the IRS in addition to $16,000 worth of unpaid plastic surgery bills.
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Don Johnson won a Golden Globe for his role in Miami Vice in the '80s. He also starred in Nash Bridges. He should be rich!
But actually, Johnson has declared bankruptcy FOUR different times! Once in 1991, once in 1992, once in 2004, and once in 2009. Maybe now that his daughter (with ex-wife actress Melanie Griffith) Dakota Johnson is rising to fame for her starring role in Fifty Shades of Grey, she can help pay his bills.
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