Former British model Katie Price was once worth a whopping $55 million, between her earnings as a model and a successful TV personality. However, years of very bad financial management, a series of very costly divorces, and scarce work opportunities have caused Price to file for bankruptcy three times.
The surprising thing is, Price doesn’t seem capable of facing her situation, as she plummets further into debt by keeping up her luxurious lifestyle.
Former American football quarterback Michael Vick was an NFL legend. Once a millionaire at the height of his career, Michael got into some legal trouble back in 2008. The athlete owed the bank over $17 million, and things got worse when he had to do jail time for having participated in an illegal dogfighting operation.
For ten years, Vick had to live with a very tight budget to pay off his debts and get back on his feet. Nowadays, the athlete is finally out of the financial hole, but it’s safe to say he will never be able to afford the lifestyle he once enjoyed.
Former Olympic American gymnast Dominique Moceneau had amassed quite a fortune back in the early 2000s through her massive success in sports and her autobiography. The problem was, Moceneau was just a teenager, so her parents were the ones in control of the money.
Apparently, her parents spent all the money, leaving Moceneau in dire straits. The ex-gymnast even sued them for abuse of wealth, which seems more than fair.
After playing Stephanie Tanner on the hit ABC sitcom "Full House", Jodie Sweetin racked up a small fortune. Unfortunately, it didn’t last her long since she began struggling with substance abuse for many years to come. Sweeting spent most of her money, leaving her and her husband with no other choice than to foreclose their house.
Sweetin got into more trouble when she tried to avoid a tax bill of over $50,000. Luckily, she and her husband are slowly paying off their debts and avoiding jail time. But bye-bye lavish lifestyle.
When playing Willis Jackson on the hit show "Diff’rent Strokes", actor Todd Bridges was making around $30,000 per week. Unfortunately, Bridges developed serious problems with substance abuse and lost almost all of his fortune.
By the time he had recovered, he had found it nearly impossible to find work, forcing him to take on very low-budget projects. Nowadays, Bridges makes roughly $22,000 a year. How crazy to think that’s less than what he used to make in a week!