Celebrity debt nightmares 0
Elton John, Wesley Snipes, Lindsay Lohan and Nicolas Cage. (WENN.com/AFP photos)
Lindsay Lohan hasn't crashed a car, been fired from a movie, violated probation or been charged with theft this week (although she came pretty close on that last one). Yet Hollywood's most troubled starlet can't seem to stay out of the scandal spotlight.
According to a report published by TMZ, Lohan owes L.A.'s storied Chateau Marmont Hotel $46,350.04 for a 47-day stay over June and part of July (which includes $3,145.07 in minibar charges. Those cans of Red Bull add up!). Until she settles, she's no longer welcome at the 83-year-old Marmont, one of the Sunset Strip's most famous haunts.
But in the grand scheme of things, Lohan's debt is peanuts compared to the bills some other celebs have racked up. We'd be willing to bet any of these cash-strapped Hollywood types would have happily traded their predicaments for LiLo's.
The star of Blade trilogy can't go to the Chateau Marmont either. Actually, he can't go anywhere at the moment -- Snipes is two years into a three-year prison sentence for tax evasion, and owes up to $17 million in back taxes and penalties. Given that most of his recent films have been direct-to-video, we're not sure how he'll ever get out of this hole.
Making lots of money is great, unless you're like Nicolas Cage and you buy so much lavish crap that it burns up your entire income. After purchases that included a Tyrannosaurus skull, a private Bahamian island and not one but two castles, Cage eventually had to sell most of it off to get out of debt and begin paying off a $13 million tax bill.
The Rush Hour star is back doing stand-up comedy appearances in a bid to chip away at his massive $11 million tax bill (Can you spot a common theme here?). "I made a lot of money, and I thought it was all mine. I forgot about the IRS," he joked during a recent radio interview. Maybe Jackie Chan can lend him a few bucks.
Parachute pants must be awfully expensive. How else could the U Can't Touch This sensation go from an estimated net worth of $33 million in 1990 to bankruptcy six years later? Well, the $12 million US mansion probably helped, as did Hammer's reported 200-strong staff of employees with an annual payroll of nearly $7 million.
Some celebs spend their way into a deep debt hole. Others are pushed there, as was the sad case with the late Diff'rent Strokes star. The one-time highest-paid child actor on TV filed for bankruptcy in 1999, weighed down by debts from a bitter legal battle with his adoptive parents and expensive medical treatment for his kidney disorder.
Think your Visa bill is out of hand? Elton John was reportedly racking up $400,000 a month in credit card charges and accruing $2 million a month in debt in 2002. But this is one celebrity spending story with a happy ending: Sir Elton is now reportedly worth $355 million US. Maybe Lindsay Lohan could use a role model.