Michael Mizanin, better known by his ring name, The Miz, has had one of the most unique rises to prominence in WWE history. Michael made his first on-TV appearance as a cast member on MTV's The Real World: Back to New York in 2001. Later, Mike entered the WWE competition television show, Tough Enough, in its fourth season. The Miz finished runner up but was able to join the brand's developmental subsidiaries. Years later, The Miz was drafted into the ECW branch of the WWE in 2007. Since then, he's become one of the most dominant presences in the modern day era of the WWE.
The Miz has won a total of eight WWE Intercontinental Championships, two WWE United States Championships, all the while earning the WWE Championship belt and defending it against John Cena in Wrestlemania XXVII main event where he surprisingly ended up being the victor. Wrestling fans might not like The Miz for his antics but, he continues to win and work hard. Oh yeah, he's currently the WWE Smackdown Tag Team Champion alongside Shane McMahon, he's unstoppable.
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.