The most ruinous businesses where Hollywood celebrities have lost their fortune

The lives of the rich and celebrities often seem glamorous, but even the biggest celebrities have money problems. Some of our favorite artists know how to manage their fortune, but others engaged serious mistakes and fell into the pyramid of fortune.

To the stars as Johnny Depp and Nicolas Cage, their extravagances led them to stay virtually in bankruptcy: The private islands, the houses and even the skull of a dinosaur have made their bank accounts remained virtually zero.

Many celebrities have invested in the world of gastronomy. They have millions and the world goes to their feet. All that they actually affect is gold, but there is something they can not have: a thriving restaurant. In recent years, almost all Hollywood celebrities who have undertaken gastronomic activities have closed in the short term, with large debts.

The vagaries that led to Nicolas Cage's debts

Francis Ford Coppola's nephew is still one of Hollywood's biggest stars and one of Hollywood's biggest spenders. We know that Cage compulsively buys houses, cars and eccentric objectss.

Cage owned 15 residences, including a $ 25 million waterfront home in Newport Beach, Calif., A $ 15.7 million estate in Newport, Rhode Island, and a residence of 8.5 Millions of dollars in Las Vegas. In Europe, Cage bought not one but two castles for $ 10 million and $ 2.3 million.

Once bought a Dinosaur skull for 276,000 USDafter having exceeded the offer of Leonardo DiCaprio. The skull was eventually stolen and had to be returned to the Government of Mongolia.

While wasting his fortune, Cage had problems with the IRS (US Treasury) and had to shell out $ 6 million for his tax debts. In the past, the actor had to Sell ​​a lot of your belongings and take on several roles in the movie to get out of debt. Cage blames his administrator. Behavior, apparently, quite recurrent among celebrities who do not know how to take care of their fortune.

Naomi Campbell, Elle Macpherson, Christy Turlington and Claudia Schiffer

Brothers Francesco and Tommaso Buti team up with iconic models to open a chain of restaurants that they baptized as Fashion cafe in 1995 in order to copy Planet Hollywood and the Hard Rock Café. The business ended three years later in the midst of a financial scandal. On December 11, 2000, the US federal government laid charges against the brothers, accusing them of fraud, bankruptcy and money laundering. For the supermodel, this represented millionaire losses.

Once the chain started with difficulties, Campbell and MacPherson accused Tommaso Buti of theft 10,000 USD a day from the company's money to cover the debt of his playboy luxury lifestyle, after asking them to invest in the chain. Schiffer left the company, blaming old problems with Campbell.

Steven Spielberg has made a significant investment to open his restaurant Diving in Los Angeles. The place, with a huge yellow submarine on the door, was located in one of the most exclusive areas of the city, but closed in January 1999 after a short period of time. activity. The submarine was auctioned for six dollars.

In 1989, the actress of Nine weeks and a halfKim Basinger He paid $ 20 million for a city in which 500 people lived. It was planned that Basinger will create a tourist attraction such as a theme park or movie studio in Braselton, Georgia. But soon after He filed for bankruptcy and had to sell the property at great loss.

In 1995, Basinger gave up filming Helena Boxing and was sued by Main Line Pictures for $ 8 million for breach of contract. In a new lawsuit, three years later, Basinger paid $ 3.8 million.

The same year, the star was "live in three houses on both coasts and spend thousands of dollars a month in clothes", while he was not paying a maintenance company for gardening work at his home in Los Angeles.

To recover, Basinger accepted minor works in the cinema.

The director of masterpieces such as The Godfather and Apocalypse Now He lost part of his fortune for one of his film projects. In 1992, he spent more than $ 27 million filming Beat the heartwith which he recovered only $ 4 million. He was forced to declare bankruptcy for the second time in his career. Fortunately, she was able to take a new turn and bet on hotels and wine, which proved a success. He currently owns a winery in Napa Valley, California, and several boutique hotels, one of which is located in Belize.

Ted Turner he made him earn money for the first time when he hired her to do an interview who will call later Larry King Live, but before this great opportunity, the journalist won USD 50 per week as an advertiser for a small radio station in Miami in the 60s. Then he got in trouble. In 1971, He was arrested and charged with stealing $ 5,000 from a partner to pay his tax arrears. The charges were eventually dropped, but King struggled to find a job in journalism for several years, until 1978, when he was offered a radio show in Washington, allowing him to run the program. which bore his name on CNN plus twenty-five years. But before this job offer, King declares bankruptcy with a total debt of 352,000 USD.

After CNN's call, the New Yorker had for the first time a salary in his hands. However, at age 85, he recognizes that business or finances are not for him. All his fortune is under the control of an administrator.

In addition to being incredibly rich and famous for no logical reason, the Kardashians are really good for business. Lines of clothing, makeup, perfumes, autobiographies are just a few of the products that the most famous reality TV family has launched up to now. But they also made bad decisions.

The "Kardashian Kard" was created in 2012, when the sisters gave up the right to exploit their image to a company called Revenue Resource Group, after signing a contract that they had to read only the number printed on the first page. That was youNo serious mistakes, which was also made by the customers who used it and started to receive additional fees. They removed the product from the market a month after the reviews received for charging exorbitant commissions that doubled those of other cards.

The clan's brother, Rob Kardashian, also lost money, tried to prove to the rest of his family, and to himself, that he could bring profits back to the empire with a line of socks that he sold under his name. It was another big bad idea.

The "Diva du Bronx" has tried to prove its luck in the gastronomic field but without much success. In 2008, the performer of "Let's Get Loud" closed his restaurant From the mother located in Pasadena, California, due to lack of customers.

The Oscar winner has always been a great animal advocate. That is why, in September 2008, she decided to create a line of shoes without using products or by-products of animal origin with the brand Te Casan. The idea of ​​vegan shoes was not very fruitful and ended up breaking the same year.

A Woody Harrelson, known for movies like Killers by nature o Three ads for a crime, he had the idea of ​​opening O2, the first flavored oxygen bar in Sunset Boulevard, California, in 1997. Customers paid $ 13 to get an blow of oxygen, through flavored pipes. However, the business was a disaster and it made him lose a good amount of money.

Although they had spent years denying it, childhood friends owned the restaurant The Continental in Beverly Hills, usually frequented by colleagues such as Winona Ryder, Sandra Bullock and Rene Zellweger. End of 2001Damond and Affleck sold their shares with losses that, according to their creditors, amounted to about $ 100,000 a month.

His amazing and delusional lifestyle has brought Jack Sparrow's interpreter to the loss. His team of agents said that the actor had earned more than $ 650 million during his career, but that now He has problems paying the bills caused by his crazy expenses: $ 30,000 worth of wine a month, a $ 10 million yacht, forty full-time employees costing $ 3 million a year … But the artist sued his agents for mismanagement of their finances.

Known for blockbusters like George of the Jungle (1997) and The Mummy (1999), Fraser's career is not what it used to be. EIn 2013, he told a judge that he was unable to pay child support ($ 900,000 a year). A judicial war between him and his ex-wife has ruined him and he is now trying to recover economically and in the entertainment world.