Jim Plunkett is another one of those quarterbacks who developed into a great quarterback with age. While many teams doubted his ability, it took one west coast franchise to turn him into a 2x Super Bowl winner. From an early age, Plunkett's odds were stacked against him from living a prosperous life. Growing up poor in New Mexico, Plunkett was forced to work as a grocery bagger, gas station janitor, newspaper delivery boy while still in elementary school. Fortunately, his skill on the football field led him to Standford University where he would become a Stanford Cardinal legend. After struggling with a thyroid issue and being moved around the depth chart, Plunkett led the Cardinal to their first Rose Bowl appearance since 1952. After beating the Ohio Buckeyes 27-17, Plunkett was named the 1970 Heisman Trophy winner.
The following year, Jim Plunkett was drafted 1st overall in the 1971 NFL Draft by the New England Patriots, becoming the first athlete of Hispanic heritage to be picked first overall in the NFL Draft. After some initial success and a gradual decline in play, Plunkett was traded to the San Francisco 49ers in 1976. After not being able to adjust to his new scenery, Plunkett made his way to the Oakland Raiders in 1978 where he would play his final eight seasons and become a Raider legend. In 1980, Plunkett won Comeback Player of the Year and guided the Raiders to victory in Super Bowl XV and win Super Bowl MVP. Three years later, Plunkett would lead the Raiders to another Super Bowl win in Super Bowl XVIII. Plunkett is the only quarterback to win two championships with the same franchise in two different cities (Oakland and Los Angeles) and is the only quarterback with two Super Bowl titles not to make the Pro Football Hall of Fame. Plunkett's eligibility for the Hall of Fame is a discussion that needs to be had, the sooner the better.
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.