We ribbed Pitbull earlier on for mentioning Florida as often as he possibly can in his music, and so we have to do the same to Bruce Springsteen. If aliens monitored the Earth from space by listening to our radio stations, they would know that Bruce Springsteen was from New Jersey. 'The Boss' was born in Long Branch and still lives in the state today - albeit in the more glamorous location of Colt's Neck. He went to Catholic school as a child, although he didn't care much for the strict environment imposed on him by the nuns.
Springsteen's introduction to music was seeing Elvis Presley on television when he was seven. His mother rented him a guitar for six dollars a week, and the youngster began to teach himself how to play it. Subsequent school reports noted that he didn't want to engage with anyone or anything apart from the guitar. He's sold over sixty million records, with his biggest moment in the spotlight coming when President Ronald Reagan hilariously misinterpreted the lyrics of 'Born in the USA' in 1984.
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.