At the height of his fame — a five-year stretch as Hollywood’s top box-office earner — Burt Reynolds, 82, was making $10 million a year. He sank that into, among other things, six mansions, a private jet and helicopter, custom cars, the Burt Reynolds Dinner Theater in Jupiter, a stake in the Tampa Bay Bandits, a nightclub, a doomed restaurant franchise that cost him $20 million, and $100,000 in toupees made by a man considered “The Armani of Hair Replacement.”
Today, Reynolds is reduced to doing infomercials for CarShield auto insurance.
Same with Mickey Rooney, Marlon Brando, Johnny Depp and others. Can’t handle the money or the success and have no inner resources, I guess.
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.