Sometimes, the limelight may prove to be just too much for celebrities. All the relatively easy money being thrown in front of them has a way of blinding them to think that they could afford all the luxuries in life. They seem to have followed the witty, yet not so wise words of George Best, the Northern Irish football player of Manchester United when he said that he spent “90 percent of money on good times, women and Irish whiskey; the rest, I waste.” Or was baseball pitcher Tug McGraw who said it?
Regardless of who that quote originated from, it just shows that some people have no concept of saving for a rainy day. These stars are prime examples of that. Here is a list of the top 10 celebrities that went from rich to broke in 2013.
10. Kerry Katona
Kerry Katona is a singer and media personality from England. She is known for her work on television where she specializes in light entertainment and reality shows. She is a member of the all-girl group called Atomic Kitten. She is also a commercial model, making endorsement pitches for Iceland and Asda supermarkets. In 2004, she won the third I’m a Celebrity…Get Me Out of Here! competition. She also placed second in the 2011 Celebrity Big Brother. She already went bankrupt in 2008, but she has not learned her lessons and she is in the red again.
9. Pamela Anderson
Pamela Anderson was the object of a lot of schoolboy’s desire when she was part of the television show called Baywatch. Her skimpy outfit that barely covered her private assets made her an instant celebrity. She also was the subject of a sex tape filmed while she was still going out with rock star Tommy Lee of the band called Motley Crue. Last year, there were reports of financial troubles when she failed to pay contractors rebuilding her home in California. This year, she sold off the house in order to pay off her debt.
8. Antony Costa
Antony Costa is a singer and songwriter who is part of the boy band called Blue. The band achieved success in several countries, including the United Kingdom, Ireland, Portugal, Belgium, France, Italy, Australia and New Zealand. Two of their albums, All Rise and One Love, reached the number one spot in the UK. The band also had several hit singles. Costa was also part of the 2005 edition of I’m a Celebrity…Get Me Out of Here! He also tried out a solo singing career. While technically not bankrupt, he became homeless and had to live off $71 per week.
7. Joe Swash
Joe Swash is an actor and presenter from England. He was part of the British television soap opera called Eastenders and was the winner of the 2008 edition of the reality competition called I’m a Celebrity…Get Me Out of Here! The following year, he was declared bankrupt after failing to pay taxes worth $190,000. He was able to recover, but he failed to sustain it. This year, he got into a lot of problems again after racking up bills amounting to more than $79,000.
6. Jose Canseco
Jose Canseco was a baseball player once known for his fearsome bat. He partnered with home run king Mark McGwire to form one of the lethal combinations during their prime. Both players, however, were disgraced because of the steroid scandal. Canseco is also remembered for once giving up a homerun after the ball he was fielding bounced off his head into the stands. This summer, he ran up debt amounting to more than $1.7 million, of which $500,000 was owed to the IRS. He declared bankruptcy last July.
5. Janice Dickinson
Janice Dickinson is widely known as the first supermodel in the world, or at least, that is how she would like to describe herself. Her heyday was back in the 70’s and 80’s, though she never really left the public eye even as she got older. She was a judge for four seasons of the reality fashion competition show entitled American’s Next Top Model. She even hosted her own reality show that she called The Janice Dickinson Modeling Agency. The cost of remaining beautiful took a toll on her, however, as she racked up debts to her plastic surgeons and dermatologists, not to mention her landlord and the IRS as well. She filed for bankruptcy in early 2013.
Sinbad is an actor and celebrity. He once starred in his own show entitled The Sinbad Show. He also had roles in several movies, including films such as Necessary Roughness, Houseguest, and Jingle All the Way. In real life, his name is David Adkins and his life is not as funny. He already filed for bankruptcy once before but he was able to recover. You’d think that once bitten, he would be twice shy, but Sinbad actually filed for bankruptcy again this April with a total of $11 million in debt, more than 75 percent of which is to the IRS.
3. Dionne Warwick
Dionne Warwick was known as a hit maker. She actually has the most number of songs that have landed in the pop singles chart outside of Aretha Franklin. Warwick has had 56 hit singles as she has benefitted from the trust given to her by Burt Bacharach and Hal David. Warwick, however, does not know the way to frugality and proper spending, amassing $10.7 million in debt, most of which she owes to the IRS. Last March, she declared bankruptcy.
2. Shane Filan
Shane Filan is an Irish singer and songwriter. He used to be part of the boy band called Westlife. The group, however, decided to disband in 2011. Still, Filan felt comfortable because he had invested his earnings in property. Unfortunately, the economic crisis took its toll and the property market collapsed. He is trying to make it as a solo singer, but his debt went up to $30.6 million.
1. Kelly Rutherford
Kelly Rutherford is an actress best known for her role in Gossip Girl. She also appeared in Generations and Melrose Place. In 2008, she filed for divorce against her German husband, who was subsequently deported because of illegal activities. The court, however, ruled that the couple should have equal time with their children. As the ex-husband could not enter the U.S., the court ruled that the kids should live in France with their father, and Rutherford must travel to visit them. In June this year, she filed for bankruptcy because of debts of $2 million due to the divorce and custody dispute.