Top celebrities who blew their fortunes in ridiculous ways! From Mike Tyson to Johnny Depp, these famous people either blew millions on ridiculous purchases, went broke by their bad decisions or tried to cheat the taxman!
#9. “Mike Tyson” The life and career of Mike Tyson is mercurial to say the least. He was the youngest heavyweight champion of all time and one of the most successful boxers in the 80s and 90s. But decision making inside and outside of the boxing ring was never his strong suit. Even before his boxing career had started he had been arrested over 30 times. In and out of trouble during the late 90s and early 2000s he was forced to retire from boxing, in effect losing all his income. Throughout his two-decade long career, Tyson made almost half a billion dollars, but due to numerous expensive court cases and ridiculous spending habits he found himself over 35 million dollars in debt by 2004. Some of things that Tyson blew his money on were: $410,000 on a birthday party, $2 million on a bathtub and $3.4 million on jewelry and clothing. You might know about his pet tigers from the movie ‘The Hangover’, but you might not realize the ridiculous cost of taking care of these exotic pets. He paid $140,000 just to buy them and then $8,100 a year on their food and care, not to mention the $125,000 a year he paid their trainer. He has since worked his way out of debt due to his movie cameos and television appearances but his wealth is only a shadow of what it once was.
#8. “Nicholas Cage”-Nicholas Cage is a hollywood superstar whose career has ranged from big budget action flicks and critically acclaimed dramatic roles to bizarre career choices and major flops. He won an Oscar for the film ‘Leaving Las Vegas’ and was nominated for ‘Adaptation’ yet he has appeared in such notoriously terrible films like ‘Ghost Rider’ and ‘The Wicker Man’.
Cage is considered one of the highest paid actors of all time, making over $150 million in the 15 year span from 1996-2011. Cage somehow found a way to blow most of that money and in 2009, the IRS forced him to pay over 6 million dollars in back taxes. As of 2017, his net worth is only $25 million which is extremely shocking considering he made $40 million in 2009 alone. Cage is known as one of the biggest overspenders in the history of Hollywood, some of his purchases have been absolutely outrageous: two islands in the Bahamas, four yachts (one of which cost $20 million alone), an allegedly haunted house in New Orleans, a pet shark, a crocodile, 17 homes (including two castles in Europe) and a collection of over 50 cars including nine Rolls Royces...and that’s only naming a few of the extreme purchases. Because of his tax issues Cage was forced to sell many of his homes and his prized possession: the first issue of the comic, Superman.
#7. “Brendan Fraser”- Brendan Fraser, a man once commonly associated with blockbuster Hollywood movies now elicits thoughts like ‘what ever happened to that guy?’. Stepping on the scene with his role as an unfrozen caveman in 1992’s ‘Encino Man’ Fraser went on to star big box office movies like “The Mummy’ and countless roles in every sort of genre from children’s comedies to dark dramas. However, due to a sudden drop in castability, a messy divorce, the subsequent custody battles and child support payments, he is now hemorrhaging money to the tune of $84,000 a month. In 2013, Fraser went to court again to see if he could have his alimony payments reduced stating that he is ‘broke’. His ex-wife refutes this claim saying that he still makes over $200,000 a month, but that is before the $287,000 he has to pay monthly in property taxes, legal fees and other expenses. His net worth is currently listed at $25 million, though that may seem like a lot, it pales in comparison to the $100 million he made over the last two decades. Unless his career pulls up from its dramatic nosedive he will be completely broke in the near future.