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From Burt Reynolds to Johnny Depp, why do so many mega-rich celebs go broke?
New York Post ^ | 07/26/2018 | Maureen Callahan

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 ...


TOPICS: Music/Entertainment; Society; TV/Movies
KEYWORDS: bankruptcy; celebrities
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To: Celerity
But look at Jay Leno. I have no idea how this guy hasn’t run out of money. I know he doesn’t buy clothes but his car collection is epic.

Leno has got a cable show about cars that's in its 4th season. He most likely writes off a lot of his collection costs as business expenses.

81 posted on 07/26/2018 9:06:18 AM PDT by mac_truck (aide toi et dieu t'aidera)
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To: GMMC0987

Both Errol Flynn and John Wayne had financial managers and both went broke because their managers embellezed their money.


82 posted on 07/26/2018 9:16:44 AM PDT by Midnitethecat
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To: wally_bert

He’s very old and bad health


83 posted on 07/26/2018 9:18:52 AM PDT by wardaddy (Hanged not hung.)
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To: SeekAndFind
"Within 5 years of retirement, 60 percent of NBA players are broke."

Racism for sure/sar

84 posted on 07/26/2018 9:20:47 AM PDT by wmileo
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To: SeekAndFind
Today, Reynolds is reduced to doing infomercials for CarShield auto insurance.

These folks believe their own press... and 'invest' in places that would make them 'look good' - large homes, upscale (but poorly run) restaurants etc... All of 'who they are' is on the outside and it's sad.

85 posted on 07/26/2018 9:30:38 AM PDT by GOPJ (https://www.youtube.com/watch?v=U-s1_nfs7f4 STOP https://www.youtube.com/watch?v=O-IsingvI_I)
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To: Del Rapier

Exactly. They are actors with no fiscal discipline whatsoever.


86 posted on 07/26/2018 9:39:46 AM PDT by Sam Gamgee
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To: joethedrummer

Yes, it reminds me of the Clinton’s leaving the WH saying they were broke while filthy billions lay in the Clinton Foundation...such scum.


87 posted on 07/26/2018 9:51:36 AM PDT by Cowgirl
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To: patriot08

It’s probably pretty hard to find a decent, normal guy in the show business arena. Debbie was taken to the cleaners more than once. I think something similar happened to Judy Garland and even Dorothy Hamil (ice skater), didn’t it? Any good conman can likely fake it so the other person thinks they are trust worthy. It’s a shame.


88 posted on 07/26/2018 10:33:19 AM PDT by midnightcat
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To: SeekAndFind

Uh, substance abuse?


89 posted on 07/26/2018 10:54:11 AM PDT by Albion Wilde ("I'd rather take a political risk in pursuit of peace than risk peace in pursuit of politics." --DJT)
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To: wardaddy

I refuse to call 82 old since I’ll be pushing it in 20 or so years. ;-) Reynolds also performed his own stunts for decades, so I imagine that took a toll on his body.


90 posted on 07/26/2018 11:05:08 AM PDT by Quilla
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To: subterfuge

Must attack Seinfeld as he refuses to target Trump.


Maureen Callahan, the author, is right down the middle of my gene pool and a very lovely gal. Unfortunately, she is so eat up with never-Trumpism it’s appalling.


91 posted on 07/26/2018 11:27:24 AM PDT by sparklite2 (See more at Sparklite Times)
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To: headstamp 2

Nice boots, though.


92 posted on 07/26/2018 1:08:51 PM PDT by knarf (I say things that are true, I have no proof, but they're true.)
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To: Dubh_Ghlase

Exactly correct. Dave and his team have councseled people in professional sports, entertainment, and your run-of-the-mill millionaire. Any one of the people mentioned in the article could still be millionaires if they had impulse control and a little common sense.

By the way, Baby Step 6 here for years. Should be at BS 7 in a couple of years. It works. Period.


93 posted on 07/26/2018 1:25:26 PM PDT by brewer1516 (And my head I'd be a scratchin' While my thoughts are busy hatchin' If I only had a brain. -- Arlen)
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To: gigster
"Apparently, Johnny Depp thinks nothing of drinking a three thousand dollar bottle of exotic wine for dinner."

Sheep Dip Johnny's shenanigans one day will get him dead or in prison where he will be drinking something else and not from a fancy glass or a straw.

94 posted on 07/26/2018 1:51:26 PM PDT by wmileo
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To: SeekAndFind

Too much money spent on mansions, cars, and other frivolous items.


95 posted on 07/26/2018 2:01:56 PM PDT by EdnaMode
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To: SeekAndFind
Poor impulse control.

Years ago Burt was trying to become a "serious actor," but the money from the Smokey and the Bandit and Cannonball Run movies was too much to turn down.

If he'd gone the serious route, he would have had less money but maybe he would have managed it better.

Easy come, easy go.

96 posted on 07/26/2018 2:02:59 PM PDT by x
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To: midnightcat
The same thing happened to Doris Day.

I never could understand what Debbie saw in Harry Carr (Carl?) owner of shoe stores.

He was much older and physically UGLY.

Just remembered; Martin Melcher, who became her manager of sorts, took her to the cleaners..practically wiped her out. He also signed her up for a TV show she didn't want and knew nothing about until after he died.

He was the father of her only child, who died of cancer as a grown man.

Her first husband, a member of the band she started out singing for, beat her unmercifully.

Poor Doris. From what I have read; she was a good, decent woman.

97 posted on 07/29/2018 5:38:18 PM PDT by patriot08 ( 5th generation Texan- girl type. Check out my bio page for amazing Tex history!)
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To: patriot08

Doris is still with us thankfully.


98 posted on 07/29/2018 5:57:57 PM PDT by Vision (Obama corrupted, sought to weaken and fundamentally change America; he didn't plan on being stopped)
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To: Vision
Yes, she is still with us. I thought after I wrote the above that it sounded like she is gone. Darn

She is now up in her 90's, and I swear I'll cry when she is gone. I love her and her movies.

And think of how much good she has done in her retirement by establishing a prolific animal care organization!!

Doris is an American icon- a true American treasure, the like of which we shall never see again!

99 posted on 07/29/2018 6:08:23 PM PDT by patriot08 ( 5th generation Texan- girl type. Check out my bio page for amazing Tex history!)
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To: Vision
>p> I wish we had a section on Golden age movies and stars.

I'd love to discuss old movies and stars. (minor authority, since I've read everything I could find about them. :)

100 posted on 07/29/2018 6:16:55 PM PDT by patriot08 ( 5th generation Texan- girl type. Check out my bio page for amazing Tex history!)
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