Prior to his arrival in Denver, the Broncos were one of the historically bad teams in the AFC West division. It didn't take long before his prowess to rise to prominence took over and he became one of the greatest quarterbacks to play the game. John Elway's evasiveness and willingness to make a daring throw is partially the reason for his success. While names like Terrell Davis were huge contributors to the Broncos success, the Broncos might not have been as successful without John Elway leading the way.
After having an All-American collegiate career at the University of Standford, Elway was drafted 1st overall in the 1983 NFL Draft by the Baltimore Colts. Controversary surrounding Elway's unwillingness to play in Baltimore led him to be traded by the Denver Broncos where he would play all sixteen seasons of his NFL career. In those sixteen years, Elway would throw a total of 51,475 yards with a passer rating of 79.9 while leading the Denver Broncos to back-to-back Super Bowl victories in Super Bowls XXXII and XXXIII. Elway has notched one NFL Most Valuable Player Award in 1987 and nin Pro Bowl invitations.
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.