Eminem is one of the highest-profile rappers in music history, having sold millions of records and stayed at a consistently high level since the mid-1990s. He's also not afraid of upsetting people. His sexually explicit and often violent lyrics once saw him called a 'threat to the youth of America' in the press. A graphic description of how he'd like to murder his ex-wife in one track appalled women's groups, and he's frequently been accused of using homophobic language in his music as well. Add that to his drug use and multiple arrests for assault, and you have to concede that Marshall Mathers isn't a role model.
Much has changed for Eminem in the past decade, though. As he was getting clean from drug addiction, he cited Elton John as a mentor to him, with the British singing legend calling him every week to check on him. According to his mother, Eminem has been bi-polar for most of his life, which may explain some of his more extreme behavior. Through the Marshall Mathers Foundation, he provides financial and strategic aid to disadvantaged young people.
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.