Louisiana might be the greatest football state of all-time. The multi-cultural boot-shaped territory has provided us with Hall of Fame personalities like Willie Davis, Terry Bradshaw, Marshall Faulk, Ed Reed, and more. You could possibly make some arguments for these guys, but we have to give the Louisiana crown to quarterback and guaranteed future Hall of Famer, Peyton Manning. In his senior year at the University of Tennessee, Peyton Manning led his team to a comeback win against Auburn to win the SEC Championship. His performance in that final game led him to become the first overall pick in the 199 NFL Draft by the Indianapolis Colts.
In fourteen seasons with the Colts, the 14x Pro-Bowler led the franchise to Super Bowl XLI where they defeated the Chicago Bears, 29-17. Later in his career, Manning led the Denver Broncos to the Super Bowl 50 where he led the Colorado club to victory over the Carolina Panthers, 24-10. Manning is the only quarterback ever to lead two different franchises to Super Bowl victories. Not to mention, he also holds the record for most touchdown passes with 539, most touchdown passes in a season with 55, most passing yards in a season with 5,477, and most touchdowns ina single game with 7. If there ever was a god-level quarterback, it is Peyton Manning.
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.