Wednesday, August 18, 2010

Celebrities with the Worst Money Problems

We have all heard it said, “Mo’ money, Mo’ problems”. Although most of us associate celebrity status with money and fame, a lot of the so-called “rich and famous” are actually facing serious financial problems. put together a great piece on which celebrities have the largest money issues. You can find a section or their list below, but checkout the full article at

Tiger Woods: $100 million

The $100 million that Woods owes to his ex-wife in a divorce settlement may not be a money problem to Woods, who has a net worth of $900 million and makes $85 million a year, according to But $100 million is still a lot of money and it has to hurt to write a check that large to an ex. And with his golf game falling short lately, that annual salary may also be on the decline.

Jay-Z: $50 million

The rapper must be thankful he signed that $150 million music deal with concert promoter Live Nation. That money should come in handy as he tries to cover his $50 million loss on two Manhattan hotel projects that he bought in 2007, but has been unable to turn into J Hotels. Some reports have him spending $65 million on the property. Whatever the amount, it's been a losing proposition for Jay-Z. The housing market crashed, something even Jay-Z, born Shawn Carter, couldn't fix with the Midas touch he has had on his other businesses.

O.J. Simpson: $33 million

After being acquitted of murdering Nicole Brown Simpson and Ronald Goldman, a civil court found Simpson liable for $33.5 million to the Goldman family in a wrongful death suit. But then things got even worse. Simpson is now in a Nevada prison serving up to 33 years for robbery and kidnapping. Simpson tried to make money by writing a book entitled If I Did It, Here's How It Happened, but that project was quickly shelved.

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