1.
First, Judy Garland, who, after touchdown her breakout position as Dorothy in The Wizard of Oz at 16 years outdated, struggled with cash later in her profession. In 1966, she parted methods together with her brokers and came upon they had been mismanaging her cash and allegedly embezzled quite a lot of her earnings. She reportedly ended up owing about $500,000 to the IRS close to the top of her life.
2.
Cole Sprouse not too long ago revealed that he and his brother Dylan Sprouse had misplaced “everything from the youngest parts of [their] careers,” aka what they earned from sharing a job in Big Daddy and from Cole starring on Friends. Cole stated his mom was “financially the most irresponsible woman ever.”
3.
Dustin Diamond, who starred as Screech in Saved By the Bell, filed for chapter in 2001. He revealed that his mother and father reportedly had spent the cash he earned from Saved By the Bell and that he made huge 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 motion pictures like Contact, Hope, and Stepmom when she was youthful, sued her mother in 1999 for reportedly mismanaging her cash and “squandering more than $1 million.” The lawsuit additionally alleged that Jena owed $20,000 in taxes and her “college fund had been drained.” When she was 15 years outdated, Jena turned legally emancipated.
5.
Jackie Coogan, who starred in Charlie Chaplin’s The Kid, thus making him the primary little one actor in Hollywood, came upon after his father’s demise that all the cash he earned whereas appearing as a baby was gone. He sued his mother and former supervisor for his earnings, which led to the creation of the Coogan Law.
6.
Aaron Carter filed for chapter in 2013, after reportedly making “$200 million in [his] career before [he] even turned 18 years old.” However, Aaron’s mother and father, who managed his cash, made quite a lot of monetary errors, which led to him owing $4 million in taxes when he turned 18.
7.
Shirley Temple landed a contract with Fox Film that reportedly earned her $1,000 per week in 1934 at simply six years outdated. However, 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 School Survival Guide, stated by the point he turned 25 years outdated, his financial savings, which he stated he’d been residing “pretty modestly on,” had run out. Devon defined that it was a “real wake-up call” 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 appearing job.
9.
LeAnn Rimes, who turned a rustic music star at simply 13 years outdated, sued her father, Wilbur Rimes, and her former supervisor for allegedly taking greater than $7 million {dollars} of her earnings and maintaining “tens of thousands in cash” in a secure that was hidden on her tour bus. The go well with 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 Lost Boys all earlier than he was 18, revealed in his autobiography that when he filed for emancipation from his mother and father at 15 years outdated, he allegedly came upon that the $1 million he earned by means of his profession was stolen by his mother and father.
11.
Christy Carlson Romano, who starred on Even Stevens and Kim Possible, 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 ways” together with her household for a few yr as a result of she “didn’t like the way [her] money 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 enjoying Arnold on Diff’rent Strokes, filed for chapter in 1999. During the height of his Diff’rent Strokes fame, he was reportedly making roughly $64,000 per week. He stated, “I can spread the blame [of filing for bankruptcy] all the way around. From me to accountants to my adoptive parents, to agents to lawyers and bake to me again.”
13.
And lastly, 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.
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