Russian professional tennis player and model Maria Sharapova has an estimated net worth of $195 million in 2015. Sharapova made her professional breakthrough in 2004, at age 17, when she defeated two-time defending champion and Serena Williams in 2004 Wimbledon final to win her first Grand Slam singles title, becoming the 3rd youngest woman to win the Wimbledon title, behind Martina Hingis and Lottie Dod. Despite not having good record on court, Sharapova remains the top-earning female athlete in the world according to Forbes Magazine.
Sharapova's portfolio extends beyond tennis, she has been featured in several high-profile modeling assignments, like Sports Illustrated Swimsuit Issue, and in many advertisements with Nike, Prince and Canon, and as face of several fashion houses like Cole Haan. She renewed her Nike deal worth $70 million at the start of 2010 and it has been very lucrative for the number one as she receives royalties on her own line of apparel which was up 26% in 2010, as well as for her ballet flat which was the top selling shoe in 2010 at Cole Haan, a Nike subsidiary.
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.