Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Tax Day has come and gone, but for certain members of Hollywood’s elite, April 15 was just another Thursday. Too bad debt collectors and the IRS don’t see it that way. While [...]
Each year, Forbes magazine puts out the Fictional 15, a clever list of the richest people who don’t really exist except in the imagination of writers and television show producers. This year, vampire patriarch Carlisle Cullen from the Twilight book series tops the list with an estimated net worth of $34.5 billion. It helps that he’s [...]
March Madness is well underway (sorry for the reminder, Georgetown fans), and with college acceptance letters just weeks away from flooding the inboxes of high-school seniors across the country, now is a good time to ask: How much money do graduates from those universities make, anyway? Salary research organization PayScale surveyed alumni of the top [...]
British celebrity chef Gordon Ramsay, well known for his reality show Hell’s Kitchen, is raising a little hell when it comes to his taxes. Despite success across the pond (he ranks third in Michelin stars) his U.S. company, Gordon Ramsay New York, was forced to hand over his signature New York restaurant last year to [...]
October 29, 2009 – 9:51 am
Former NBA star Antoine Walker is the latest athlete to serve as a sad reminder of the importance of fiscal discipline. The Boston Globe recently reported that Walker, a 6’9” small forward who made at least $110 million over his 12 years in the NBA, owes more than $4 million to creditors. This comes after a [...]
October 27, 2009 – 10:15 am
The clothing company H&M has made a name for itself providing high-fashion clothing at prices that most people can afford. (BTW – I am not paid by H&M; this is what my wife has told me.) On occasion, H&M enlists the services of an otherwise exclusive designer, to produce a line specifically for the store. [...]
October 15, 2009 – 1:35 pm
This week in famous financial flubs, 19-year-old rapper Soulja Boy has been accused of being the tenant from hell. A letter from his landlord stated: We have received complaints of noise disturbances and guests wandering the hallway and Observation Deck. This is a direct violation of your Lease Agreement…Additionally, we were notified that you had [...]
October 9, 2009 – 4:13 pm
It wasn’t too long ago that Nicolas Cage, the National Treasure star, put a few of his houses up for sale in efforts to pay back some of the $6.3 million he owed the government in unpaid back taxes. But as his homes sit unsold, the IRS filed another tax lien on the actor whose government [...]
September 28, 2009 – 5:04 pm
Pamela Anderson has been famous for her, well, physical assets for decades, but it turns out she isn’t as well endowed in the financial department. According to People magazine, Los Angeles County records show she owes more than $1.1 million to creditors: According to the documents, five different construction companies have filed liens against her [...]
We try to keep things classy here at Econ4U. But when gossip and finance cross paths, it’s hard for us not to indulge. Today’s edition of When Celebrities Mismanage Their Finances – or, excuse me, When “Celebrities” Mismanage Their Finances – centers on Nadya “Octomom” Suleman. Suleman – mother of 14 children, including the world’s only set of octuplets [...]
