7 celebrities dished the dirt on the biggest money mistakes they have ever made
Given the millions that celebrity A-listers earn on a regular basis, you'd think they'd have no money problems at all. A stretch limo here, a Rolls Royce there, what's the big deal? However, you'd be utterly wrong. Although the famous faces we all know and love earn eye-watering amounts of cash, their bank accounts are still not completely limitless - not to mention they're not always completely sensible with the cash they do have.
Did you know that Rihanna almost bankrupted herself? Or that both Meryl Streep and Jennifer Lawrence share one massive regret about the pay cheques they received in the early days of their acting careers? Yes, that's right. It turns out that, when it comes to money, celebrities are exactly like us. To sum it up: unendingly foolish and incredibly loose with their purse strings.
Rihanna was left "effectively bankrupt" after receiving poor financial advice.
The Ocean's 8 star sued her former accountant, claiming he advised her to spend lavishly, mismanaged her funds, improperly filed taxes, and kept an unfair percentage of profits. It was these decisions, said Rihanna, that led her to double her expenses and lose over $9 million in one year
Meryl Streep didn't know her worth
Streep has claimed that, in the past, she never knew how to negotiate, implying that she settled for less money numerous times. However, she eventually learned her worth. While negotiating for The Devil Wears Prada, she was apparently offered an amount that could have been seen as "insulting". She walked away and they doubled their offer."I was 55, and I had just learned, at a very late date, how to deal on my own behalf," Streep told Vanity Fair.
Melissa McCarthy spent all her money on expensive shoes
"When I moved to New York at 20, I wish I did not discover that you can just get credit cards," McCarthy told Glamour, revealing that a friend had told her she "couldn't walk around in New York in cheap shoes" and that she needed to shop at Bergdorf Goodman. "I couldn't afford anything in there, but they would just give you a store card, and so we were buying wonderful things. I was like, 'I work really hard. I'll pay this off in increments.' No, you will not."
Kanye West was $53 million in debt after launching his clothing line
In 2016, West revealed on Twitter that he had millions of dollars of debt after launching his clothing brand, Yeezy, with his own money. The rapper also told BET he went $16 million in debt getting his line off the ground for its first "season." In addition, he revealed regrets about lending money to friends and family in a song, rapping: "My wife said, I can't say no to nobody, and at this rate we gon' both die broke / Got friends that ask me for money knowin' I'm in debt, and like my wife said, I still didn't say no".
Billy Joel confessed he knew "nothing" about how much money he had or spent
"I stayed away from it on purpose, as if it would compromise my 'artistry,'" the star told the Washington Post. "For a long time, I was overly sensitive to this accusation that I was a hitmaker-meister just grinding it out for the money. So I proved I wasn't doing it for the money because I didn't know nothing about my money — and that way I'd know that I had 'integrity.'" He ended up regretting his decision when his manager (and former brother-in-law), Frank Weber, reportedly siphoned $90 million from him.
Jennifer Lawrence didn't bother fighting her corner
The actress revealed that when leaked emails leaked emails from Sony Pictures revealed she was paid less for the movie than her male co-stars, she took the situation without a fight. "When the Sony hack happened and I found out how much less I was being paid than the lucky people with dicks, I didn't get mad at Sony," the actress wrote in Lenny Letter in 2015. "I got mad at myself. I failed as a negotiator because I gave up early."
Betty Gilpin spent her first paycheck on drugs and cab rides
When the GLOW actress received her first paycheck for a shampoo commercial, she was advised to save the money. She didn't take that advice. "I spent it all on marijuana and cabs in New York," she told Glamour. "I could have really used that money for other things."
It sure feels good to know that A-listers out there share the same money problems as us, huh? Although, when I say the "same money problems", I still mean that you have to take our bank accounts and multiply them by about 20 million. Sigh...