This may be hard to believe, but an unusual turn of events in his youth may have been the catalyst that led to Sam Rockwell becoming a familiar face in many Hollywood productions over the last 30-plus years. As a teenager, Rockwell dropped out of the San Francisco School of the Arts before he was able to graduate. As a result, his parents enrolled him in an alternative high school called "Urban Pioneers". Ironically, it was a school that had a reputation as being popular with stoners because it was an easy program to graduate from. And as Rockwell admits, at that age, all he wanted to do was get stoned and go to parties to flirt with girls!
He did end up receiving his high school diploma. But more importantly, during his senior year, Rockwell landed a role in an independent film which reignited his passion for performing. Straight after graduation, he moved to New York to pursue an acting career. Who knew that his passion for performance would be "re-lit" by his penchant for parties and pot!?
Not all celebrities have fame and fortune, some are just famous – and in a ton of debt. They came from rags to riches, then went back to rags. Whether they’ve filed bankruptcy, ended up in court, or just can’t stop spending, celebrities mismanage their money just like everyone else. They just hide it well.
50 Cent coined the term “wanksta,” then “partied like it was his birthday” until he filed Chapter 11 bankruptcy in 2015. The rapper was said to be anywhere between $10 million and $50 million in debt. In 2016, a federal bankruptcy court judge in Connecticut approved a plan for the founder of G-Unit to pay his debts back. He was able to get his bankruptcy discharged in February of the following year.
Following a 45-year-long career in Hollywood, acting in more than 70 films, actor Gary Busey found himself in more debt than he was worth. In 2012, it was reported that Busey owed between $500,000 and $1 million worth of debt, but only had $50,000 to his name. The 74-year-old actor owed money to hospitals, banks, the L.A. Waterworks District, and even a storage company. He filed Chapter 7 bankruptcy that same year. Despite his longstanding career in Hollywood, Busey's net worth is now only $500,000.
Burt Reynolds is still worth five million dollars, but his battles with debt date back more than 20 years. Between bad investments and a pricey divorce from actress Loni Anderson, the 1970s superstar had to deal with over $10 million in debt and decided to file Chapter 11 bankruptcy in 1996. While testifying in a 1994 custody hearing, the South Florida native said he spent $40 million getting through his divorce.
The former Hollywood bad boy, Charlie Sheen owes the IRS nearly $5 million. But that's not all. In 2016, his net worth was reportedly still as high as $150 million, but he was nonetheless $12 million in debt at the time – including mortgages, legal fees, and taxes. That same year, Debt.com reported Sheen owed nearly $300,000 on an American Express card alone.