12 Celebrities Who Made Millions and Went Broke

Chris Tucker

Chris Tucker, actor

Chris Tucker had become what few actors could brag about –  the face of a successful franchise film. In 2007, Tucker negotiated a $25-million film deal to appear in Rush Hour 3, which made him the highest paid actor in Hollywood at the time.

Three years later, TMZ uncovered court documents that revealed Tucker owed $11 million in back taxes from 2001, 2002, 2004-2006, 2007. Tucker was forced to sell two Florida mansions and another in L.A. to pay down his debts. Last year he reportedly paid nearly $1 million toward the debt.

The “Friday” actor has been working steadily, including in a critically acclaimed role in the 2012 film “Silver Linings Playbook.”

broke snipes

Wesley Snipes, actor

Wesley Snipes was perhaps the most bankable Black male actor next to Eddie Murphy in the 1990s. Snipes continued to star in feature films in the early part of the millennium, however he filed for bankruptcy in 2006. That same year, Snipes was indicted for tax fraud for failing to pay over $12 million in taxes over the course of six years.

Snipes was released from prison in  April 2013 after serving three years.

Snipes is expected to appear in the film The Expendables 3 later this year.

Still independent.

We hope this story was worth your time. For over 14 years, Atlanta Black Star has stayed Black-owned and independently run. We didn't get here by waiting on ad budgets that were never built to prioritize us. Our readers did that.

Corporate support for Black media has always been thin. Outlets like ours get roughly 1% of the $170 billion spent on U.S. advertising each year, and that margin is shrinking further as advertisers walk back the DEI-linked commitments they made in 2020. That's the backdrop. It's not why we're asking.

The wider picture isn't any steadier. Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under, it's rarely the ones built to center a Black perspective from the ground up that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Back to top