Terrell Owens reveals in GQ magazine's February issues that he is nearly broke, friendless and living in Hell.
Whitney Houston is apparently living off of an advance from her record company after blowing through tens of millions of dollars.
From Owens and Houston to Lindsay Lohan and Nicolas Cage, It seems like celebrities have a very hard time holding onto their money. Perhaps they have holes in their wallets?
When the living's easy and wallets are fat these stars lived like kings and queens. But now they're headed to jail, bankruptcy court and the poorhouse.
This slideshow gives you a tour of the mighty who've fallen, through over-spending, tax avoidance, bad divorces, and other dumb life decisions.
Even Donald Trump has suffered through bankruptcy.
Who will be next?
Former NFL star announces that he is nearly broke in GQ's February issue. The athlete says he is also friendless and describes his life in stark terms: "I’m in hell,” Owens, who made about $80 million during his football career, tells GQ.ReutersWhitney Houston is entirely broke, the Daily Mail reported Tuesday. The singer has blown all of her money - including a reported $100 million record deal - and is being supported by an advance on her next album granted by her record label, Arista.ReutersOverexposed Rating: 57%ReutersCourtney Love is on the verge of eviction from her townhouse in Manhattan's West Village. The Hole singer, who once dated Kurt Cobain, has been renting the building for $27,000 a month for 10 months, according to the New York Post, but now owes $54,000 in back rent.
Now magazine reported in 2009 that Love owes $358,798 to American Express and is being sued by her security guards for $61,974.20 she has failed to pay them. She also claimed in 2009 that she had misplaced $30 million.ReutersMC Hammer may be the most famous celebrity to go broke. The 1990s rap star of "Can't Touch This" and Hammer pants fame reportedly blew $12 million on a mansion, stables for his 19 thoroughbred horses, and a staff of about 200 people, according to Jet magazine. The hip-hop icon, who reportedly made $33 million off a single album, declared bankruptcy in 1996 with $13 million in debt.ReutersHard-partying actress Lindsay Lohan, who made a bundle as the star of "Herbie Fully Loaded," "Mean Girls" and other popular films, is now so broke her father Michael Lohan now has to support her, according to Hollyscoop.com. And Last year Lohan pleaded guilty to one count of theft involving a necklace from a jewelery store, which doesn't exactly indicate that she has been flush with cash anytime recently.ReutersFormer baseball star and admitted juicer Jose Canseco, seen in this photo entering a boxing ring for a bizarre stunt in South Korea, was evicted from his L.A. home in 2010 after blowing wads of cash. Drafted by the Oakland Athletics straight out of high school, he earned a reported $45 million during his sports career, only to blow it all. He became so desperate for money that he reportedly sold his 1988 American League MVP award plaque for $30,000 and his Rookie of the Year ring for $5,100 on eBay.ReutersGossip site The Frisky reported in 2009 that Nicolas Cage owed the IRS $6.2 million in taxes. He had already paid the agency $666,000 for "improperly deducted personal expenses," and in 2010 Concurring Opinion reported that a California court ordered him to pay to $2.4 million to a lender who foreclosed on the actor’s Las Vegas home. But he did not have the money to pay the judgement.Reuters
