Showing posts with label problems. Show all posts
Showing posts with label problems. Show all posts

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. WalletPop.com 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 WalletPop.com.

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 CelebrityNetWorth.com. 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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