Terrell Suggs is yet another one of those immortal entities of this current generation of players that demand a lot of attention on the football field. At 36-years-old, Suggs is proving that he still has something left in the tank and something to offer to a football franchise looking to succeed. Terrell Suggs attended his home state college of Arizona State University from 2000-2002 where he played defensive end and set a single-season record for sacks his junior year with a total of 24 sacks. That same season, Suggs was named the Pac-10 Defensive Player of the Year and unanimous first-team All-American.
Suggs was drafted 10th overall in the 2003 NFL Draft by the Baltimore Ravens where he played the majority of his career. His rookie season, Suggs was selected Rookie of the Year in 2003, named Defensive Player of the Year in 2011, named a 7x Pro Bowler, and helped the Ravens secure a Super Bowl victory in 2012 over the San Francisco 49ers (Super Bowl XLVII). In sixteen seasons with the Ravens, Suggs accumulated $105.2 in contracts and $7 million for one season with the Arizona Cardinals who he is currently playing for.
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.