9 Stars in Dire Financial Straits

Jackson may have a new payday set: a series of 50 concerts kicking off in London in July. Some 750,000 tickets sold out in four hours. Jackson reportedly stands to earn between $1 million and $2 million per show.

Jodie Sweetin

Former "Full House" star Jodie Sweetin is struggling to keep a house of her own. In November, the mom and former meth addict reportedly filed court papers detailing her crumbling marriage to Cody Herpin and the sad state of their financial affairs.

"Our house is in foreclosure, our water has been shut off twice. Currently, all of our other utilities are overdue," Sweetin said in papers filed Nov. 19 in an Orange County, Calif., People magazine reports. Sweetin may be able to pay some bills with the proceeds from her new tell-all. The New York Post reported that she will bare her past as a secret drug abuser in "UnSweetined," coming from Simon Spotlight Entertainment.

Annie Leibovitz

She's photographed some of the world's most famous faces and is an icon herself, but Annie Leibovitz is struggling to stay out of debt. In September, the New York Post reported that the 58-year-old photographer has racked up $715,000 worth of debt, citing court documents.

The Post says allegedly owed money for unpaid taxes, an aborted book project and equipment rental fees. She was also overdue in paying for renovations to her New York City town house, citing court documents.

The New York Times reported that Leibovitz is trying to rectify her financial woes by hocking her photographs. In December, she borrowed $10.5 million from the Art Capital Group, on top of the $5 million she borrowed from the same firm in the fall. She put up as collateral the rights to all her photographs, along with her town house and a country house.

Ruben Studdard

"American Idol" fame isn't helping R&B crooner Ruben Studdard pay his bills these days. In August, the season two winner was hit with property liens for allegedly failing to pay nearly $200,000 in state and federal taxes, according to court records, the AP reports. Studdard's attorney, Byron Perkins of the Cochran Law Firm, told the Birmingham News that he believes Studdard will be able to pay off the taxes.

Ed McMahon

Times are tough for Johnny Carson's former right-hand man. Ed McMahon shocked fans last summer when he announced he was on the brink of foreclosure. Things seemed to take a turn for the better when at least two people offered to buy McMahon's six-bedroom Beverly Hills mansion, including Donald Trump, who said he would lease the home back to McMahon but he was outbid and backed out of the deal.

According to RadarOnline, Ed's home was allegedly going to be auctioned off this month. But his representive Howard Bragman told the Los Angeles times that "A private mortgage holder purchased the mortgage on the home last year and Mr. and Mrs. McMahon are able to pay rent and stay in the home until they affect an agreed upon and smooth transition into a new residence."

Meanwhile, McMahon's health is declining. The ex-"Tonight Show" sidekick was hospitalized with bone cancer in February.

-- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743. -- This embed didnt make it to copy for story id = 7845743.
Page
  • 1
  • |
  • 2
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...