While Texas may be considered more of a football state, the Lone Star State has birthed some praise-worthy ballers like LaMarcus Aldridge, Chris Bosh, Bill Sharman, and more. But, while those individuals are great, the extremely-talented Grant Hill will be taking the throne for the state of Texas. Though Grant Hill was able to muster a total of nineteen seasons in the NBA, he's always going to be one of those 'what could have been' guys if his career wasn't plagued with injuries.
After being drafted third overall in 1994 NBA Draft, Grant Hill went on to win Rookie of the Year honors alongside Jason Kidd and became the first rookie ever to lead in fan-voting NBA All-Star ballots with over 1.2 million votes. He assumed the role as a point-forward type of player doing any and everything on the court to win. Unfortunately, his career was littered with ankle and knee injuries that interrupted his consistent playing time. However, he still is a 7x NBA All-Star and one-time All-NBA First Team representative for the year 1997. These days you can catch Grant Hill on NBA TV as an analyst.
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.