Hailing from Luneburg, Germany, Katarina Waters is one of the better all-around wrestlers within the 40s of this list. Standing at 5'8 and weighing only 140lbs, Waters has amazing core strength and stability that allows her to execute almost any move she desires on her opponents. Her signature backbreaker/Frost Bite move looks devastatingly painful and her Frost Clutch would make anyone want to tap within seconds.
Throughout Waters' wrestling career, she's gone under a plethora of different monikers including Nikita, Winter, The Beautiful Nightmare, Katie Lea Burchill, and her own government name. She began pursuing wrestling in 2000 and found her way to the Frontier Wrestling Alliance (FWA) in 2002. Since then, Waters has bounced around to several different pro-wrestling promotions companies including OVW, TNA, WWE, and most recently, Women of Wrestling organization (WOW). Waters has been able to scoop up a title in every company except the WWE. The world-class entertainer has racked up the World Queens of Chaos Championship (1x), the TNA Knockouts Championship (2x), TNA Knockouts Tag Team Championship (1x), TNA Knockouts Tag Team Championship Tournament (2010), TWC Women's Championship (1x), and so much more.
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.