Posted on 07/26/2018 6:18:33 AM PDT by SeekAndFind
Now 64 and enjoying a second career as host of “Comedians in Cars Getting Coffee,” Jerry Seinfeld breathes such rarefied air that guests on his show — who have included Dave Chappelle, Tina Fey and then-President Barack Obama — invariably state some version of this sentiment: “Jerry, why are you here, talking to the likes of me, when you could just be home sitting on your pile of money?”
And Seinfeld shrugs and laughs as if to say, “Yes, that is true.”
So it’s sobering to read the deep and detailed civil complaint filed by producer-director-writer Christian Charles, who has worked with Seinfeld since 1994, over the creation and production of “Comedians.” One scene in particular stands out.
“At a meeting on July 30, 2011, at the Princess Diner in Southampton, New York, Seinfeld expressed to Charles that Seinfeld’s representatives George Shapiro and Howard West (“Shapiro West”) were pressuring Seinfeld to come up with a new television show and/or stream of revenue after the negative reception and cancellation of Seinfeld’s television show ‘The Marriage Ref.’ ”
Could Jerry Seinfeld really need money? Jerry Seinfeld, who made a reported $220 million when his eponymous ’90s sitcom went into syndication? Who, according to Forbes list of 2018 Celebrity 100 Earnings, has a net worth of $57.5 million?
If the allegations are true — and Jerry Seinfeld really did need another “stream of revenue” — how fast could he be burning through cash?
The phenomenon of celebrities going broke is nothing new. From Burt Reynolds to Debbie Reynolds, Elvis to Michael Jackson, Nicolas Cage to Wesley Snipes, Mike Tyson to 50 Cent — all blew through astronomical sums of money.
(Excerpt) Read more at nypost.com ...
Mickey Rooney lost his money due to his gambling addiction. On film sets he’d have a special phone installed so that he could be in contact with his bookies at all times while he was working. Mickey once said, “i lost a 2 dollar bet and then spent millions trying to win that 2 dollars back.”
RE: These stories are no different than the professional athletes(50% of NBA players, etc.) that go broke after making millions
Actually, the stats are even more dire than that....
https://www.huffingtonpost.com/tyson-hartnett/why-athletes-go-broke-and_b_6812864.html
In 2009, Sports Illustrated did a study of former NFL and NBA players.
This is what the study showed:
After only 2 years of retirement, 78 percent of NFL players were either broke or struggling financially.
Within 5 years of retirement, 60 percent of NBA players are broke.
It’s a low IQ thing
Poor Dan August aka Burt.
BINGO
Because they spend more than they make? DUH!!!!!!!!
Wayne Rodgers acted only to make enough money to start investing.
Acting for him was a means to an end.
And he was very good at investing. Not a bad actor either.
Must attack Seinfeld as he refuses to target Trump. As if was anything close to the utter reprobate Johnny Depp.
Because they spend all their money?
Ouch! Clown school!
If I ever won the lottery, my first steps would be to get some professional management and establish a system that paid an allowance.
The rest saved, invested, and split to worthy charities and religious groups.
LOL ... so true!
When I was an underwriter in FL during the 80’s i underwrote a mortgage loan for Burt who was buying a home in WPB for his niece. (Yeh nice guy). His tax returns were about 3 inches thick. He was making so much money it was insane. The dinner theatre was really profitable at that time. I was in Jax at the time but Burt used to go into the WPB office and he was so nice to everybody.
I think celebs are just like everyone else. Some people are good at finances and some aren’t.
Amen to that! I will forever be grateful to him. He changed our lives so much so that I know lead his Financial Peace University class. I only wish we would have known about him 10 years before we did, but better late than never. Financial Peace University; best 9 week investment you will ever make.
I'd pay off every penny of debt and then give the rest to charity ... and keep on working. Crazy? Maybe.
Acting is not rocket science.
(I still can't believe Debbie is gone.)
When someone makes more in a year than 99% of us will make in a lifetime, I have a hard time feeling sorry for them when they go broke.
Because they spend like they’re always going to make that much. If they spent like this is their last check they’d be fine.
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