Why is it not expected for celebrities to go bankrupt? Is it because of the seemingly never-ending flow of money that comes in staggering amounts? Is it the vast talent and skills that they possess that assure them of a continuous money-making mechanism? Or is it because they have the look of affluence and richness so attached to them that it is simply difficult to imagine them otherwise or worse, going bankrupt.
A lot of celebrities have found themselves going from riches to rags. Several are still in the difficult phase of recovery. There were others who chose to consult with a Chapter 13 Bankruptcy Attorney and were advised to file for bankruptcy. There are some people who are more suited to file for the Chapter 7 Bankruptcy. It is necessary to get the best advice from experts when a person is in such a difficult financial situation. Celebrities going bankrupt is a wake-up call that getting big money will be able to protect us from bankruptcy.
Here are the Top 3 Celebrities Least Expected to Go Bankrupt but did:
If someone purchased a town to develop it into an entertainment attraction, would people expect that person to go bankrupt anytime soon? Probably not but that is exactly what happened to actress Kim Basinger. When she purchased the small town of Braselton for $20 million, no one was expecting her to file for bankruptcy. No, it wasn’t the buying of the town that did her in but the paying of damages required of her after she backed out from doing the film “Boxing Helena”.
If people were to base the probability of bankruptcy on the huge ring earnings of Mike Tyson, the percentage will be quite small. However, those incredibly large earnings proved no match to his unbridled extravagance. Even when broke, he says that he does not regret losing money because he had fun.
If people were again to guess the probability to go bankrupt on Mark Twain‘s creative genius and money-making capabilities, the percentage will likewise be nil. Bad investments and equally bad money management habits brought him to bankruptcy. What is notable about his case is that he was able to pay all his debts eventually even after he was relieved of such responsibility when he filed for bankruptcy.
This just goes to show that anyone can go bankrupt, including celebrities. The positive side here is that they have also proven that there is life after bankruptcy. However, hard lessons have admittedly been learned.
People look up to them, adore them and follow them on TV, on the big screen and on social media. They’re called stars or celebrities.
The name celebrity alone is already associated with big bucks. Apart from their good looks, they earn large sums of money per project and lead a glamorous life.
But on the flipside, these celebrities are much like ordinary people when they’re not in front of the camera. They encounter problems in their personal and professional lives and some even mismanage their funds.
Sometimes these celebrities get overwhelmed with their large earnings that they tend to spend them on so many things they want right away. When this frequently happens, the end result is lack of savings and in worse cases, declaring bankruptcy. Read the rest of this entry »
Posted by Guest Blogger as Celebrities at 4:13 AM EDT on May, 17 2014
There’s no question that celebrities are among the most health-conscious people. It’s understandable because after all, it’s their physical image that matters most in their job.
Celebrity moms and chefs are often those who go for healthy cooking. And many have offered their tips online for their fans and parents looking for ways to cook healthy food to their families.
Here are some ideas you can follow to ensure you, too, can enjoy good health and great body moving forward. They’re easy to do so you should be able to do them for your every day meal and snacks. Read the rest of this entry »
Posted by Guest Blogger as Justin Timberlake at 5:29 AM EDT on May, 04 2014
Celebrities are already popular as they are. Whether they’re actors on TV and in the movies or hosts of famous TV shows, they have a lot of fans not only from their own country but even from abroad.
Some celebrities, however, also have their own merchandise that further promote their popularity worldwide. Did you know that there are certain board games for adults that feature some of your favorite actors and hosts?
We share some of the most unique here so read on.
This is a fun game that involves a simple roll and move trivia. There will be times, though, that players will be asked to perform some of the band’s songs. Read the rest of this entry »
Members of the royal family visit other countries from time to time to extend goodwill and strengthen their ties with each other. Among the royal couples of Europe that recently went on tour are Prince William and Kate Middleton who visited Australia and New Zealand as well as Queen Margrethe II of Denmark and her husband Prince Henrik.
When these royal couples are out and about, they never fail to capture international media attention. People are eager to see where they go, what outfits they wear and how they interact with the locals.
In the case of Danish Queen Margrethe II and Prince Henrik, they made history by visiting a significant memorial hall in Nanjing, China known as the Memorial Hall of the Victims of the Nanjing Massacre. The visit that occurred last April 27 to 28 made the Queen the first sitting foreign head of state to visit the hall. Read the rest of this entry »
Posted by Guest Blogger as Celebrities at 7:46 AM EDT on Mar, 12 2014
Love is a beautiful thing. Thanks to Hollywood, we get the chance to share the romance between two celebrities. However, there are relationships that don’t have happy endings and it gets really ugly when the rich and famous decide to end their marriages. Here are some of the worst celebrity divorces we’ve seen so far.
Celebrities from around the globe do not just limit themselves to acting in front of the camera. Many of them support various causes and do other things they’re passionate about.
These days, a growing number of international celebrities share a common interest – blogging. It’s their way of sharing their thoughts and personal views as they go about their daily lives.
Here are some of your favorite celebrities who love to blog. Check them out here as there may be some you haven’t followed yet.
Sultry actress Gwyneth is one of those who started early in blogging. Her personal blog Goop.com is where she shares some details of her life as an actress, wife, mother, daughter and cook. Read the rest of this entry »
What are celebrities showing in their Instagram pictures? Oh a lot, obviously. They can easily outshadow the most daring insta challenges of non-celebrity users because of their popularity. So let’s list them down.
Celebrities are showing their most intimate moments with their loved ones. The effect would vary depending on the nature of the shared picture. Pictures like the above usually garner the most positive reaction from the public.
Celebrities can show their most glamorous side, made up like the star adulated by fans and followers.
Celebrities can also show their most unglamorous side probably to show that they are human as well. They also have bad hair days like us.
Celebrities can choose to make a statement with pictures or simply to be humorous in their own weird way.
Celebrities cam also entertain us with the experiments they do on themselves just like when Tyra Banks above was toying with the idea of having extraterrestrial features. Wonder if that was intended to start a new trend or what.
With the considerably loud protestations made by some quarters regarding what is purported to be as unfair advantage to the crowdfunding mechanism of the Kickstarter platform of known personalities and celebrities, it is certainly food for thought how important the celebrity factor is in getting project funds. Kickstarter has been existing since 2009 for the primary reason of bringing together project creators and financial backers. The end goal is to see through the complete fruition of the project with the creator’s efforts and the financier’s funding.
The highly successful funding of the movie “Veronica Mars” through the Kickstarter platform followed by like proposals from known personalities is creating a somewhat negative impression in the public’s mind. Rob Thomas raised $ 5.7 Million to film “Veronica Mars” starring Kristen Bell. Actor Zach Braff has raised at least $ 2.6 Million to make his own film. Spike Lee for himself recently reached his funding goals, thanks to 5,000 backers.
Is there anything wrong about this? Probably none, except for the possibility that these popular personalities are “competing” at an advantage with other creators who are technically “unknown”. Kickstarter however has pointed out that known personalities have actually done the platform a favor because of the attention and the participation these people have encouraged in giving financial pledges. It has reiterated its goal of helping all creative developers regardless of popularity status.
The advantage of being part of Kickstarter does not begin and end with successful funding. Taking as an example the above-mentioned movie, it has already long surpassed its original funding goal of $ 2 Million but still continue to have additional backers. It has even come out with merchandise like stickers and t-shirts which they give as rewards to its supporters.
Other successfully-funded projects have moved on to the more commercial concerns like selling the finished products. Online stores like the ForeverGeek Kickstarter Store for one does not actually sell the products but directs those interested to the creator’s page. There is no doubt that the chance given to the public to buy Kickstarter products offer more advantage to product developers.
Going back to the question of how important the celebrity factor is in getting project funds, there must be an ounce of truth to the concerns being raised. That is if there is any truth to the news that Brendan Fraser‘s proposed Kickstarter project has achieved at least a million dollars in pledges, even without a project page in sight. I seriously doubt that an unknown individual can achieve that.