Kirk Daniel Cousins was a three-sport athlete in high school playing football, basketball, and baseball (pitcher/third baseman). The 6'3 competitor took his talents to Michigan State University in 2007 where he was redshirted that same year. The following year, he played backup quarterback behind Brian Hoyer. In 2009, he won the starting quarterback job and led the Spartans 28-12 record during his tenure at the institution and a 4-0 record against the school's rival in the Michigan Wolverines.
Cousins went on to be drafted 102nd overall in the fourth round of the 2012 NFL Draft by the Washington Redskins under a rookie contract of just $2.5 million. Which came to be a surprise being that the Redskins had drafted Heisman Trophy winner, Robert Griffin III, the year before. After Griffin suffered some career-altering injuries in 2014, Cousins stepped up and set several franchise records as the team's starting quarterback for the next three seasons before signing an $84 million contract with the Minnesota Vikings. With a signing bonus of $3 million, endorsements, and incentives Cousins has accumulated a career earning of $100.6 million thus far.
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.