If there was a cautionary tale that should have curbed the extravagant spending of Johnny Depp, then it should have been that of his fellow film star Burt Reynolds. Reynolds earned just as much money as Depp did at the peak of his career, but spent it just as unwisely - and this was years before Depp was going on unsustainable spending sprees. In a recent interview with 'Vanity Fair,' Reynolds has admitted that his financial troubles are entirely of his own making.
Reynolds' biggest money-making years were in the 1980s, and that's when the bad choices started happening. He bought a stable with more than 150 horses on it, and then acquired a private jet. He squandered money on a chain of restaurant which were doomed to fail, and then when his wife left him she took pretty much everything else he had left. He went bankrupt in 1996, having no way of repaying the $11m he owed by that point.