The daughter of legendary television producer Aaron Spelling was born with a silver spoon in her mouth. Tori became widely known in her own right while starring in her father’s hit TV series Beverly Hills 90210. But when the series finished its incredibly long run, Spelling had a hard time finding a new gig.
She starred in a reality show with her husband Dean McDermott, called Tori & Dean, but was still overwhelmed by numerous lawsuits and loans she had no way of repaying. Hopefully, the new 90210 reboot will help the actress generate some revenue.
LeAnn Rimes
LeAnn Rimes was country music’s golden child in the 1990s, with numerous billboard hits and Grammy wins, but in the last couple of decades things have slowed down for the singer. Although she has not let the decline in sales affect her opulent lifestyle.
Good for her, but with less money coming in, things are not as easy as they used to be, especially if you take into account that her actor husband, Eddie Cibrian, is not one of Hollywood’s top earners. Luckily, it seems like things are looking up with Rimes’s work on Hallmark films and her Christmas music.
Willie Nelson
Country musician Willie Nelson’s renown is not limited to country music fans. He has been making music since 1956, so it would stand to reason that he knows a little something about managing his money. Apparently not, when Nelson was investigated by the IRS, they ended up serving him with a $16.7 million tax bill!
Fortunately, Nelson found himself a good lawyer and released an album titled ‘The IRS Tapes: Who’ll Buy My Memories?’ and succeeded in digging his way out of the hole, but his current lifestyle is certainly not as luxurious as what it used to be.
Michael Vick
Former American football quarterback Michael Vick was an NFL legend. Once a millionaire at the height of his career, Michael got into some legal trouble back in 2008. The athlete owed the bank over $17 million, and things got worse when he had to do jail time for having participated in an illegal dogfighting operation.
For ten years, Vick had to live with a very tight budget to pay off his debts and get back on his feet. Nowadays, the athlete is finally out of the financial hole, but it’s safe to say he will never be able to afford the lifestyle he once enjoyed.
Katie Price
Former British model Katie Price was once worth a whopping $55 million, between her earnings as a model and a successful TV personality. However, years of very bad financial management, a series of very costly divorces, and scarce work opportunities have caused Price to file for bankruptcy three times.
The surprising thing is, Price doesn’t seem capable of facing her situation, as she plummets further into debt by keeping up her luxurious lifestyle.