Archie Manning, the son of Buddy Manning, and the father of, Peyton and Eli Manning the best brother quarterback duo in NFL history, is next up on the list. While he might not be as revered for his professional football career as his sons are, Archie did have a promising career in baseball after being drafted a total of four times. The first time Manning was drafted it was by the Atlanta Braves in 1967, he would then go on to be drafted twice by the Chicago White Sox, and lastly by the Kansas City Royals in 1971, the same year he was drafted into the NFL. Manning attended the University of Mississippi where he started at the quarterback for three consecutive seasons. Manning was named SEC Player of the Year and First-Team All-American for the 1969 NCAA Football season.
After a successful career with the Ole Miss Rebels, Archie Manning would go on to be selected 2nd overall in the 1971 NFL Draft by the New Orleans Saints where he would play the first ten seasons of his NFL career. Unfortunately, Manning and the Saints would suffer nine losing seasons out of those ten, but become one of the most respected pass throwers in the league amongst his peers. In 1978 and 1979, Manning was selected for the Pro Bowl and ended his career playing seasons with the Houston Oilers and the Minnesota Vikings. With a win-loss record of 35-101-3 and a career passer rating of 67.1, Manning as an individual was a better football player than any team he was a part of.
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.