When the tax man comes after you the first thing he put’s his hands on is your house. You’d never imagine it, but even celebrities go through that in life due to some financial problems. This is the case of many Hollywood stars, athletes and other stars who easily drop some big deals and after some time their fame made them only indebted rather than rich.
Let’s see which are the unlucky 10 famous people who became homeless.
10. Chris Tucker
First off the list of the celebrities who lost their homes is Chris Tucker, the famous comedian and star of the “Rush Hour” comedy film series. He started his acting career with a first role along Ice Cube, in the famous movie “Friday”, that landed some money. In 2011 his home was foreclosed and he began to take up acting to give the state the remaining money for his 6 million dollar home and to sustain the rich lifestyle he was used to before.
9. Evander Holyfield
Evander Holyfield is a very famous professional boxer that everyone knows from the 1990’s. Coming only from boxing, such a sum gave him the confidence to buy a $15 million house which had a maintenance of $1 million a year. The payments gave him headaches and the lavish lifestyle made him take the home into foreclosure, selling it for $7,5 million, giving him the biggest hit in his life.
8. Terrell Owens
When it comes to professional athletes and their wealth you could say that the amount of money they make is proportional to the effort they bring to the game. Famous NFL pro player Terrell Owens had a visit from the tax man who foreclosed 5 of his homes. Terrell bought 5 condos which he had to sell because he had debts.
7. R. Kelly
The R&B star R. Kelly is the star of an interesting career with ups and downs, fame and awful lawsuits, but per total giving him a pretty interesting net worth. In 1997 the R&B singer commissioned a house that costed him $3,5 million to construct and in the following time the tax man foreclosed the property. Trying to sell it under the radar with $1,6 million the star couldn’t do that and his house sold under $1 million, loosing the Illinois mansion to a value far from reality.
6. Kristin Cavallari
The pretty actress, fashion designer, television personality and model received a big house that was estimated to be worth $14 million. Despite an interesting career and a promising future Kristin’s family had the house, she was living in foreclosed and gave the gorgeous model the chance to move out.
5. Courtney Love
Courtney Love is another victim, so to say, of the tax man, our number 5 celebrity who became homeless. The house that made her appear on the list of celebrities who lost their homes, is the one she bought for the family of the her late ex-husband. At a certain time she stopped paying for the house and in 3 years the government raised an eyebrow in the $360,000.
The rapper Nas is a little surprise on our list, because he has been in the rap game for so long that his money is solid. Nas bought a house in Georgia that was pretty awesome, the place had a movie theater, a gym and a game room, but for the fact that he didn’t want to pay his debts, the tax man took it away.
3. Tori Spelling and Dean McDermott
Number three on the list of celebrities who lost their home to the tax man is pretty embarrassing because these two stars didn’t even owned the place just rented it. This is the case of Tori Spelling and Dean McDermott, who were kicked out of their house for a very small amount of money. Making the case of the smallest sum of a foreclosure, the couple had to pay $8,000 for the house they were staying in Los Angeles.
2. Toni Braxton
Toni Braxton is another celebrity of the 1990’s who made money, but lost it eventually. Her fame and the big checks came until the early 2000’s making her confident that a $2 million house is a pretty good investment. The house was the first thing that the bank wanted to sell when she declared bankruptcy in 2012.
1. Nicolas Cage
Nicolas Cage is the most famous person on the list of celebrities who lost their homes to the bank and he is probably the most unlucky one on the list. The IRS made a complaint on his behalf and stated that he owned the state $6,2 million for the year 2007 and another $350,000 in the early 2002 and 2004. The thing is that these debts made him lose credibility in front of the bank and after some lawsuits where he was found guilty of spending more than he made. The bank caught up with him and made him sell his house in Bel Air.