The famed Kurt Warner went from bagging and stocking groceries to playing in one of the most televised live events in American history. Warner's rise to prominence is another one of those tales of overcoming adversity through hard work and finding oneself in the perfect circumstance to succeed. Kurt Warner attended the University of Northern Iowa but had a less than remarkable career due to being third on the Panthers' quarterback depth chart up until his senior year where he finally got the chance to start. In that single season, Warner performed so well he was named the Gateway Conference Offensive Player of the Year and graduated with a Bachelor's degree in communications.
With a less than stellar performance as a Northern Iowa Panthers, Kurt Warner went undrafted in the 1994 NFL Draft but got an opportunity to try out for the Green Bay Packers. Warner was cut from the team and went back to his hometown of Cedar Falls, Iowa to bag groceries for a living. Eventually, Warner would make his way back to the field in the AFL where he played a single season with the Iowa Barnstormers. The following year, Warner participated in the NFL Europe before signing a contract with the St. Louis Rams where he would become a household name. In six seasons with the Rams, Warner became the first undrafted quarterback to lead his team to a Super Bowl victory (XXIV) and win Super Bowl MVP. Warner also holds three out of the five single-game passing yardages in a Super Bowl and led the Arizona Cardinals to their first-ever Super Bowl appearance in Super Bowl XLIII before retiring in January 2010. The now 4x Pro Bowler and Hall of Famer is considered the best-undrafted football player of all-time.
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.