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 [...]
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 [...]
Pro athletes often seem uniquely poised for epic declarations of bankruptcy, but baseball legend Lenny Dykstra is giving other sports figures a run for their money (so to speak). Former Mets and Phillies slugger Dykstra filed for bankruptcy last week with reported assets totaling $50,000, despite claiming in April that he was worth $60 million. According [...]
Wall Street Journal columnist James Stewart has a great piece this week, about how fleeting good fortune can be, and how important it is to manage your money responsibly. I really recommend reading the whole thing, but here’s a few highlights (emphasis added): Our culture often glorifies financial success, but it is an illusion to [...]
Michael Jackson’s will was filed today in the Los Angeles Superior Court, and the settlement of his estate is sure to generate plenty of media coverage. His fortune and his debts both total roughly $500 million, according to the New York Times, so there’s a lot of money at stake. While most of us will [...]
Supreme Court nominee Sonia Sotomayor’s personal finances were a hot topic last week, after disclosure forms revealed that she has nearly $16,000 in credit card debt, and owes another $15,000 to her dentist. There’s no shortage of discussions in the blogosphere about whether having that kind of debt is responsible behavior (see positive, negative). But [...]
immy Johnson is pitching an organization called “Better Trades” which vows to teach people how to make money fast (WARNING SIREN!) by day trading in the stock market.
The housing crisis just keeps going and going, and no one, not even celebrities or politicians, is immune: Nice house you got there, hate to see something bad happen to it: Victoria Gotti’s Westbury, NY mansion may soon be repossessed by her bank. Why? She apparently hasn’t been paying the $25,000 monthly mortgage, and still [...]
