When the Red Sox finally won the World Series after years of near misses and hard-luck stories, it was pitcher Curt Schilling who dragged them to victory. Being a huge sports star brings in stacks of money in both salary and endorsements, and Schilling's time in the spotlight brought him millions. He then made the wise decision to try to set himself up for later life with a series of investments. It was just his bad luck that none of them worked.
Schilling was a keen video game player, and decided that he'd open a video game studio of his own to make games for other people. He poured $50m into it - almost his entire life savings - and then took on a further $75m of debt to keep it going. The business didn't work out. By the time he had to accept defeat and close it, it owed more than $120m to creditors. To add insult to injury, Rhode Island then asked him to pay $2.5m in taxes!
To insure one’s house, one’s car or to underwrite a life insurance policy, that is common practice. But who would pay an insurance premium for his/her thumb, legs or smile? Stars, of course.
At the top of the ranking are the legs of Mariah Carey, worth 810 million USD: The diva became, in 2006, the Gillette brand muse for the advertising campaign «Legs of a Goddess». She then took out an insurance policy with London Lloyds to protect her legs, a decision that is far from being insignificant. Among its customers, the London insurer then included several icons of music, such as Bob Dylan or Rod Stewart.
David Beckham’s body insured for 195 million USD: European champion with Manchester United in 1999, David Beckham was in 2006 the most renowned footballer of the planet. In relation to his sporting activities, he took out an insurance cover for his legs. The huge amount paid for his insurance would reportedly exceed the 103 million USD disbursed by Real Madrid for the cover of Christiano Ronaldo in 2009. The fashion model would later extend his insurance cover to his entire body.
15 million USD in insurance for Kim Kardashian’s curves: The curves of Kim Kardashian are her number one beauty asset. The reality TV star, who is crazy about plastic surgery, has underwritten an insurance policy worth 15 million USD to protect her famous butt.
The culinary critic Egon Ronay assured his taste buds: The famous Hungarian culinary critic has insured his taste buds since 1957, for the amount of 400 000 USD. An original insurance policy which allows him to cover his sense of taste without which he will no longer be able to practice his job.