Celebrities and Debt

23 Sep, 2011Featured, Riches

Where does celebrity money go? We all ask that question. At the height of their careers they live in mansions and wipe their butts with hundred dollar bills but when the leave the lime light for less than a year in some cases they go broke faster than a crack addict. I don’t know about any of you reading out there but I would like to think that if I made 30+ million like the average celebrity star these days, then I would be set for the rest of my life. Many celebrities are smart when it comes to their money. Look at Oprah. She started out as a small time talk show host that was below Jerry Springer and now she is a billionaire. That didn’t come by just because of the show. She invested and create new opportunities for herself. The same can be said for Will Smith and several others that branched out in so many directions that they can’t be lost as time passes. That is a very smart thing to do but many stars aren’t so smart. The one hit wonders that launched before they made more than one good song or the child stars that could never be seen for anything but a kid. They use the money they made thinking that they will get another break that never comes.