It seems like there isn't anything Joe Haden can't do. During his high school athletic career, Haden led the Maryland-based, Friendly High School to a state championship with a 14-0 record playing both quarterback and safety. Haden set a state record with 7,371 passing yards and tied the state record with 80 touchdown passes. He also led his high school to two state championships as the team's starting poit guard. With all of this undeniable talent, Haden attended the University of Florida where he switched positions to cornerback and helped the team win the BCS National Championship against the Oklahoma Sooners as a sophomore in 2008.
The 2009 unanimous All-American was drafted 7th overall in the 2010 NFL Draft by the Cleveland Browns. Out the gate, the Browns offered the rookie a five-year $50 million contract with $26 million guaranteed. The contract was later renegotiated to $40 million with $14 million guaranteed. However, it didn't matter much, because Haden signed a $67 million five-year extension with the team in 2014. Unfortunately, that contract was terminated and the 2x Prowl Bowl cornerback took his talents to the Pittsburgh Steelers in 2017 where he racked up a $27 million bill for his services. This year, he signed a $22 million two-year extension with the team but has accumulated $107.5 million in total revenue this 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.