13 ‘Rich’ People Who Are Poorer Than You Think
When you’re a famous person, people automatically assume that you’re rich. However, converting fame (or success in business) into long-term sustainable wealth is much easier said than done. Just ask almost any retired professional athlete, and they’ll tell you!
There are many seemingly wealthy people who are, in fact, much poorer than you might realize. In many cases, it has to do with poor financial management. In others, it might have to do tax evasion.
It just goes to show that appearances, especially those that project the aura of wealth, can be quite deceiving. With that in mind, let’s take a look at 13 seemingly rich people who are in fact much poorer than you might expect…
1. OJ Simpson
If you haven’t been watching American Crime Story on FX, then you’re really missing out. The clownish performance of John Travolta as Robert Shapiro is worth the price of admission alone. Anyway, you might be wondering how OJ, the man who could afford the best legal defense of all time, is doing these days. While sitting in jail at the moment, his net worth is estimated to only sit at around $250,000.
2. 50 Cent
For a while there, it seemed like 50 Cent was going to prove to be a better investor than he was a rapper. However, Fiddy’s investments have taken a turn for the worse in recent years. At their height, they had Fiddy’s net worth totaling in the range of $150 – $200 million. Now, liberal estimates suggest he’s only worth around $18 million.
3. MC Hammer
The early ‘90s were a strange time for popular music, as evidenced by the success of people like MC Hammer and Vanilla Ice. What was weird for popular music, though, was great for MC Hammer’s bank account. Back then he was pulling in roughly $33 million a year. Poor financial management and other issues have seen his net worth suffer since then. Current estimates put his bank account at about $1.5 million.