Georgia: Julia Roberts

Georgia: Julia Roberts

Julia Roberts is such a big star that we'd have been forced to name her on this list no matter where she was from. For the majority of the 1990s, she was the highest-paid female performer in Hollywood. The decade didn't start out that way for her - she was paid a comparatively low fee of $300,000 for 'Pretty Woman' in 1990, but by 2000 her standard rate for a film was in excess of $20m. When she was paid $25m for 'Mona Lisa Smile' in 2003, it was a record for a female actress. She performs so effortlessly on the screen that it's almost like she was born to do it. There's a reason for that.

Both of Roberts' parents were actors - although they never achieved the same level of success that she has. They ran acting classes together in Atlanta, Georgia, and so Roberts learned the trade directly from them. Her brother Eric is also an actor. During her long career, she's been nominated for Academy Awards on four occasions, although to date she's only picked up an Oscar once when she won 'Best Actress' for 2000's 'Erin Brockovich.'

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Did You Know...

I

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.

II

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.

III

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.

IV

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.

V

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.

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