1.
First, Judy Garland, who, after touchdown her breakout position as Dorothy in The Wizard of Oz at 16 years previous, struggled with cash later in her profession. In 1966, she parted methods along with her brokers and came upon they had been mismanaging her cash and allegedly embezzled plenty of her earnings. She reportedly ended up owing about $500,000 to the IRS close to the tip of her life.
2.
Cole Sprouse not too long ago revealed that he and his brother Dylan Sprouse had misplaced “all the pieces from the youngest elements of [their] careers,” aka what they earned from sharing a job in Large Daddy and from Cole starring on Associates. Cole mentioned his mom was “financially probably the most irresponsible lady ever.”
3.
Dustin Diamond, who starred as Screech in Saved By the Bell, filed for chapter in 2001. He revealed that his dad and mom reportedly had spent the cash he earned from Saved By the Bell and that he made large tax miscalculations. In 2006, in an effort to delay foreclosures on his home in Wisconsin, he was reportedly promoting $15 T-shirts.
4.
Jena Malone, who starred in films like Contact, Hope, and Stepmom when she was youthful, sued her mother in 1999 for reportedly mismanaging her cash and “squandering greater than $1 million.” The lawsuit additionally alleged that Jena owed $20,000 in taxes and her “school fund had been drained.” When she was 15 years previous, Jena grew to become legally emancipated.
5.
Jackie Coogan, who starred in Charlie Chaplin’s The Child, thus making him the primary little one actor in Hollywood, came upon after his father’s loss of life that all the cash he earned whereas performing as a baby was gone. He sued his mother and former supervisor for his earnings, which led to the creation of the Coogan Legislation.
6.
Aaron Carter filed for chapter in 2013, after reportedly making “$200 million in [his] profession earlier than [he] even turned 18 years previous.” Nonetheless, Aaron’s dad and mom, who managed his cash, made plenty of monetary errors, which led to him owing $4 million in taxes when he turned 18.
7.
Shirley Temple landed a contract with Fox Movie that reportedly earned her $1,000 per week in 1934 at simply six years previous. Nonetheless, by the point she turned 17, most of her financial savings had been gone. Of her earnings, which had been roughly $3 million again then, she solely had $44,000 left due to her dad’s poor monetary administration.
8.
Devon Werkheiser, who performed Ned on Ned’s Declassified Faculty Survival Information, mentioned by the point he turned 25 years previous, his financial savings, which he mentioned he’d been dwelling “fairly modestly on,” had run out. Devon defined that it was a “actual wake-up name” for him when he needed to get a 9-to-5 job for the primary time as a result of he could not discover a regular performing job.
9.
LeAnn Rimes, who grew to become a rustic music star at simply 13 years previous, sued her father, Wilbur Rimes, and her former supervisor for allegedly taking greater than $7 million {dollars} of her earnings and holding “tens of hundreds in money” in a secure that was hidden on her tour bus. The swimsuit additionally alleged that they made unreasonable charges amongst different issues to take more cash.
10.
Corey Feldman, who starred in Gremlins, The Goonies, Stand by Me, and The Misplaced Boys all earlier than he was 18, revealed in his autobiography that when he filed for emancipation from his dad and mom at 15 years previous, he allegedly came upon that the $1 million he earned by means of his profession was stolen by his dad and mom.
11.
Christy Carlson Romano, who starred on Even Stevens and Kim Doable, revealed that she misplaced all the financial savings she’d earned as a baby actor as a result of she was spending it on costly purchases. When she was 21, she “parted methods” along with her household for a couple of yr as a result of she “did not like the best way [her] cash was being managed.” It was the primary time she managed her personal cash, which led to her wild spending habits.
12.
Gary Coleman, who was recognized for taking part in Arnold on Diff’hire Strokes, filed for chapter in 1999. In the course of the peak of his Diff’hire Strokes fame, he was reportedly making roughly $64,000 per week. He mentioned, “I can unfold the blame [of filing for bankruptcy] all the best way round. From me to accountants to my adoptive dad and mom, to brokers to attorneys and bake to me once more.”
13.
And at last, Joey Lawrence, who starred in Blossom alongside a music profession and work with Disney when he was youthful, filed for chapter in 2017. Reportedly, Joey and his spouse solely had $8,000 within the financial institution on the time they filed. With dwindling residuals from Blossom and Melissa and Joey ending, Joey reportedly was additionally promoting his garments to attempt to make ends meet.
