There's no denying that Method Man was the standout artist when Wu-Tang Clan first arrived on the scene and he's been able to maintain his superstardom not only in music but in acting as well. Method Man's first solo project, Tical, released in 1994 following the impactful Wu-Tang album, 36 Chambers. From there, Meth went on to work on musical projects with bandmate Red Man on two albums and even won a Grammy alongside Mary J. Blige for their song 'I'll Be There For You/You're All I Need To Get By' for Best Rap Performance by a Duo or Group.
Method Man still gets down on the mic from time to time but has spent a lot of time in front of the camera as of late starring in movies like How High, Belly, Red Tails, Keanu, Luke Cage, and the notorious HBO series, The Wire. Method Man has definitely shown poise throughout his career and has done a lot for the culture during his stint in the public eye.
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.