The Boston Celtics have a plethora of legendary athletes that have come and go from their roster but none as durable as the 6'3 point guard Jo Jo White. After his four year stint at the University of Kansas, White found his way to the 1986 Summer Olympics where he would earn his first-ever accolade as a member of the Men's US National Basketball Team earning a gold medal. The following year, Jo Jo White was drafted ninth overall in the 1969 NBA Draft by the Boston Celtics where he would go on to have a stellar NBA career.
In 1970, White earned the title of NBA All-Rookie First Team, seven NBA All-Star nods, two championships as a member of the Celtics (1974, 1976), NBA Finals MVP (1976), and eventually an induction into the Basketball Hall of Fame. During his ten-year stint with the Boston Celtics, Jo Jo White broke a franchise record tallying a total of 488 consecutive games played with the Celtics. Unfortunately, Jo Jo passed away from complications with dementia and pneumonia in January 2018. Not only will Jo Jo be remembered for his contributions to the game of basketball but for the beautiful person was.
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.