Earlier this year, Jim Kelly announced that he was cancer-free via Instagram. Over the past several years, Kelly has been battling a rare form of cancer that has developed in his upper jaw and his football family has been there to support him each step of the way. As for his pro football career, Jim Kelly led a franchise to a plethora of Super Bowl appearances but quite couldn't seal the deal to have his name etched in stone and lift the Lombardi Trophy over his head. Despite being known as an explosive basketball player in high school, Jim Kelly wanted to pursue a sports career in football. Penn State University, led by coach Joe Paterno, offered Kelly a scholarship to play linebacker for the institution but Kelly decided to take his talents to the University of Miami from 1979 to 1982. Jim Kelly helped the Hurricanes become one of the most dominant Division I football programs, notching 406 completions, 5,233 total yards, and 32 touchdowns in four seasons with Miami.
In the 1983 NFL Draft, Jim Kelly was selected 14th overall by the Buffalo Bills but refused to sign with the team due to personal reasons regarding the climate and his faith in the organization. This led to Kelly playing two seasons in the USFL with the Houston Gamblers before finally committing to play with the Buffalo Bills in 1986. In the late 1980s and early '90s, Jim Kelly's ability to run the 'no-huddle' offense made the Buffalo Bills one of the most dangerous teams in all of football. As a starter, Kelly led the Bills to eight playoff appearances, six division titles, and four consecutive Super Bowl appearances in a row (Super Bowl XXV-XXVIII). Unfortunately, the Bills were never able to top their championship competition, but with an overall career record of 101 wins and 59 losses, the Bills have never seen a quarterback talent like his since.
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.