Many might recognize the name and face of Phil Simms for his color commentary as a CBS sportscaster. What many forget is that Simms had one hell of a football career that lasted an entire decade and a half. While he wasn't known for exactly blowing his competition out of the water with insane stats, Simms would make the right decisions to help his team get in the perfect positions to win football games. Simms played his college football at the Division II Morehead State University. The Morehead State Eagles were known for their ball control offense that didn't necessarily allow Simms to thrive in the pocket or take many risks delivering the ball through the air. Throughout his entire college career, the Eagles failed to make the postseason.
Despite a rather unfulfilling college football career, Phil Simms was drafted 7th overall in the 1979 NFL Draft by the New York Giants where he would play his entire professional football career. As a rookie, Simms won his first five games as a starting quarterback. Unfortunately, the first seven seasons of his NFL career was plagued with injuries and mediocre play which made Giants' fans and the organization question their decision to draft the QB so high. Fortunately, in 1987 things turned around for Simms and the Giants as he held them to a 39-20 victory over the Denver Broncos in Super Bowl XXI. In that game, Simms won Super Bowl MVP honors after throwing 22 completions out of 25 (88%) making his performance the highest completion percentage in a Super Bowl to date. Simms led the Giants to another championship in Super Bowl XXV before retiring after the 1993 NFL season.
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.