Macho Man Randy Savage is one of the most cherished, eclectic, and respected personalities in all of wrestling. Savage's over-the-top persona, flashy apparel, and vocal cadence have surpassed recognition in just the pro-wrestling world, he's become a pop culture figure that everyone has come to know and love. Inside the ring, Macho Man, was now for overpowering his opponents, outside of the ring he is arguably the greatest monologue deliverer pro-wrestling has ever seen.
As the headliner of multiple Wrestlemania's, Randy Savage ultimately ended his wrestling career as a four-time WCW World Heavyweight Champion, two-time WWF World Heavyweight Champion, one-time Intercontinental Champion, 1989 King of the Ring Winner, and posthumous WWE Hall of Fame inductee in 2015. Randy Savage passed away at the age of 58-years-old due to suffering a fatal heart attack while driving in 2011. His passing shook the world, but his impact and wrestling legacy will live on forever.
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.