HomeNewsPseudo Billionaires: 10 Celebrities Who Made Up Their Billionaire Status

Pseudo Billionaires: 10 Celebrities Who Made Up Their Billionaire Status

Some famous people have lives that don’t revolve around insane and massive Malibu mansions, Cadillacs, and Hennessy. Many Americans are drowning in debt, and even though your favorite athletes and actors may earn more money than the average person, that doesn’t mean they are exempt from it. It turns out that even the most well-known people can become indebted, which forces them to falsify their extravagant and luxurious lifestyles and descend from riches to rags. It might surprise you that not all celebrities enjoy the emerald glow of their enormous bills of currency. There is a growing list of well-known figures whose bank accounts suffered due to missteps, lousy habits, believing the wrong people, or just blowing it away. Whether it’s a failed marriage, fraud, drugs, or never-ending shopping sprees, celebrities are just like ordinary people, and they can make poor money choices. Read on to discover a slew of celebs with surprisingly lower net worth than they claim.

Lindsay Lohan

Celebrities are not usually broke after engaging in drugs, alcohol, and general immorality. However, Lindsay Lohan is one celebrity whose finances suffered significantly due to excessive drinking. The IRS seized the Mean Girls actress’ bank account in 2012, reducing her net worth to just $800,000. However, Lindsay has since made a comeback, with new singles coming out in 2020 and a Christmas Netflix movie scheduled for later in 2022.

MC Hammer

With a fortune of over $32 million, Hammer had a 17-car garage, a pool shaped like his well-known puffy genie trousers, and a 200-person staff for whom he paid an average of $6.2 million per year. The 1990s were undoubtedly Hammer time. Hammer’s net worth dropped to $2 million after filing for bankruptcy because this one word sums up the solution: sustainability.

Amanda Bynes

Before moving on to teen comedies like Easy A and What a Girl Wants, Amanda Bynes starred in the self-titled The Amanda Show on Nickelodeon. After having a very public mental breakdown in 2013, the child star was put under psychiatric hold and temporary conservatorship over her medical care and finances. But Amanda Bynes might soon be back in the spotlight. She expressed a desire to resume acting.

Sinbad

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© Provided by TheThingsPseudo Billionaires: 10 Celebrities Who Made Up Their Billionaire Status

Sinbad starred in Homeward Bound II in 1996, but by 2013, he was hard at work on a different kind of sequel: Sinbad’s second bankruptcy, which came after his first one in 2009. TMZ listed several debts at the time, including $2.3 million payable to the California Franchise Tax Board and $8.3 million owed to the IRS, American Express, and the government agency. He has since started to get back on track and was most recently seen playing Milton in the series Rel.

Chris Tucker

Chris Tucker, the hero of Fifth Element and Rush Hour, was formerly one of Hollywood’s highest-paid actors, earning $25 million for each film. His net worth, however, was significantly impacted by a series of financial setbacks that included the foreclosure of his $6 million mansion in 2011, the suspension of his feature film output, and the settlement of a $2.5 million tax debt in 2014. Even if Tucker isn’t as wealthy as he once was, he still appears content with being picky. I want to improve, he told the Los Angeles Times in 2015. For one modestly wealthy celebrity, at least, money isn’t everything.

Natasha Lyonne

Like many child actresses, Natasha Lyonne found that life in Hollywood wasn’t all it was talked up to be when she started her career at the young age of 6 as one of the youngsters on Pee-Wee’sPlayhouse. Following her roles in American Pie and Slums of Beverly Hills, Lyonne checked herself into a New York hospital in 2005 using a false name. She received treatment for various ailments, including heroin addiction and heart and lung infections that had ruptured. Her career and fortunes have improved since becoming a fan favorite on the popular Netflix thriller Orange are the New Black. Together with Amy Poehler and Leslye Headland, she co-created the Netflix comedy Russian Doll in 2019.

Danny Bonaduce

Danny Bonaduce, best known for his part on The Partridge Family is now thriving in his second work as one of the nation’s top celebrity radio disc jockeys. He has chronicled his fight with drug addiction in the Amazon book named Random Acts of Badness: My Story.Listeners are drawn to his on-air character due to its unvarnished vulnerability.

Mike Tyson

Mike Tyson, who is now retired, made more than $300 million throughout his boxing career. Iron Mike, meanwhile, has struggled with assault accusations, jail time, drug issues, exorbitant spending, and a 2003 bankruptcy since the late 1980s. Mike has lived to reach 55 years old, and even though his current wealth is small compared to his past fortune, he managed to survive bankruptcy. Mike Tyson announced the founding of Mike Tyson’s Legends in 2020, and in the same year, he engaged in a fight with Roy Jones Jr. on the inaugural occasion organized by the Legends Only League. The event was the top-selling Pay-Per-View event of 2020 and generally garnered favorable reviews.

Mark Hamill

A net worth of $18 million is nothing to be ashamed of, but when you consider Forbes’ claim that the Star Wars property is worth roughly $10 billion to its owners at Disney, it looks like a pittance. After leaving the Jedi Order, Hamill worked tirelessly in the animation industry, famously lending his voice to the Joker for over 20 years in various Batman TV shows and computer games. Of course, Hamill’s wealth is increasing now that Luke Skywalker is back on the big screen. Mark received a low-seven figure compensation for his silent role in 2015’s The Force Awakens. This number was anticipated to increase for 2017’s The Last Jedi, and he has continued to work on essential films like Star Wars: Episode IX – The Rise of Skywalker in 2019.

Kylie Jenner

In March 2019, Forbes magazine dubbed Kylie Jenner the youngest self-made billionaire, with Kylie Cosmetics valued at least $900 million. Jenner sold Coty a 51% ownership in Kylie Cosmetics in November 2019 for $600 million. Since then, the parent firm has made available newly obtained documents, according to Forbes, which purport to show Jenner and her mother, Kris Jenner, artificially inflated the performance of Kylie Cosmetics. According to Forbes, the paperwork uncovered also showed that Kris owns a minor stake in Kylie Cosmetics, reducing Kylie’s ownership stake from her previously disclosed 49.1% to 44.1%. According to the source, the 22-year-old reality star’s updated net worth is more like $900 million instead of $1 billion.

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