Celebrities With Unbelievable
Financial Problems!
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Singer Toni Braxton was one of the most popular R&B performers of the past few
decades, but the amazing talent has
had to declare bankruptcy, twice, and is even facing liens from the IRS for unpaid
taxes. She is also said to owe hundreds
of thousands of dollars, if not even millions, to companies like AT&T, The Four
Seasons, and Tiffany, all for unpaid bills.
The youngest of the Baldwin brothers, Stephen, has also recently filed
bankruptcy, revealing that he is some £1,3 million i
n debt. Despite appearing in many reality shows and some low-budget
productions, Stephen’s spending seems to always
outpace his earnings, leading to the bankruptcy filing.
Singer Britney Spears makes such poor decisions regarding finances that her
estate is under guardianship, meaning she
can no longer make her own decisions regarding her money. During the
guardianship hearing it was revealed that the
singer saved nothing of her more than £455,000 monthly earnings and instead,
spent it on homes, restaurants, clothes,
and entertainment for herself.
It would seem as if celebrities would never face money woes, since so many in the
entertainment industry make hundreds
of thousands, if not millions of dollars every single year. However, the amount of
money you bring in means nothing if you
do not control the amount of money you spend, and this is often a celebrity’s
downfall! Their lavish lifestyle, failure to
oversee their finances on their own, and poor money choices can make them even
more susceptible to facing serious
financial problems.
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