Celebrities Rich or Not....??? OR just a lot of Hype...???!


Question: IT'S JUS ALOT OF HYPE


Answers: IT'S JUS ALOT OF HYPE

They may seem rich to us cuz they have things we dont, but they are probably poor themselves from buying so much expensive stuff that we just dont know about it

Most of them are actually rich but quite a few are in debt or nearing bankruptcy because of ostentatious spending habits. Think about Mike Tyson for example... he had hundreds of millions of dollars and blew it all away somehow. I'm not sure if that is what you were asking but I tried.

What is rich? in wealth or in with wisdom?

almost everything they get is free.

To be honest I've never understood this "rich" thing.

Many years ago Sarah Ferguson was bankrupt owing immense amounts of money. I was (just about) solvent so in theory was richer than her.

How come she lived a jet-set life, ate in fancy restaurants and went away on exotic holidays when I didn't?

Just don't understand :-(

Depends on the celebrity. It's probably a little bit of both.

For some celebrities, it's part of the family inheritance such as Paris Hilton or the British Royal Family...or marrying into money like Zsa Zsa Gabor or Pia Zadora.

For other celebrities, it's merely an image put out there . It's a way of generating a buzz as it were...or to get people to want to purchase the product the star allegedly uses. Most of the time the stuff is owned by movie studio or record label. It's a fringe benefit not unlike what a high level executive might get. The use of a company car, private plane, apartment, credit card etc. is available as long as the executive is employed by the company...but once they are unemployed, that perk is taken away.

Sometimes a musician or author will get an advance against royalties, but if they don't make enough money off the sales of their CD or book, then the musician or author has to pay back that advance...or they don't get any future royalties. Joni Mitchell claimed that David Geffen didn't pay her royalties, but Geffen countered that she didn't make enough money to cover her advance.

Of course, there are those celebrities who are NOT rich and will never be rich. Example: Mother Teresa was in point of fact a celebrity, but she was also a nun who took a vow of poverty. Same with the Pope, despite the fact that the Catholic church itself is very wealthy.

There are "local" or regional celebrities like news anchors, reporters or radio DJs who don't make more than $50,000 a year...and some of them make considerably less money than that...depending on the market. Yes, they are recognized and still considered famous in their communities.

Some celebrities who don't appear to be visibly successful or are even sometimes labeled "has beens" like Rick Springfield are indeed very rich and they STAY rich...or at least comfortable... due to wise investments, diversifying their interests, having several income streams...and living a relatively modest financial lifestyle. Here's one example:

http://www.bankrate.com/brm/news/investi...

A great number of celebs have made and LOST so money so fast it just makes the head spin. How? Sometimes it's bad investments and misguided advice (The Osmonds) and getting screwed over by managers (Joni Mitchell and Neil Young and others.) Sometimes it's the fickleness and uncertainty of the entertainment business. One minute you're a big star and it's champagne and roses, next thing a turn of fortunes and you're working as a maid and collecting unemployment...this happened to Joan Collins and Melba Moore.

In the case of actress Debbie Reynolds, it's divorce that hurt her. When her husband Eddie Fischer left her for Elizabeth Taylor it put her in dire financial straits to the point where she was sleeping in her car!

Bankruptcy and divorce was the problem for Jane Seymour. She ended up with ZERO but then slowly but surely built herself back up to where she's very rich now.

http://www.smartmoney.com/mymoney/index....

Other times it's a matter of bad choices made by the celebrity. David Crosby of Crosby, Stills and Nash is an example of that:

http://www.bankrate.com/brm/news/investi...



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