Explorers:
5. Wesley Snipes.



The Blade star earned about $37.9 million from his acting career in the space of 8 years but ignored his tax bills .

The government also alleged that he used fake documents in an attempt to receive tax refunds.

However, he was acquitted of felony charges to defraud the government but found guilty of three counts of misdemeanor charges to willfully ignore his taxes.

As a result, Snipes was ordered to pay $17million in back taxes and sentenced to 3 years behind bars.

He served his jail term between 2010 and 2013.

Unfortunately, after his release, his movie career has never been the same again, however, Snipes is working hard to restore his glory days.

ednut1:
p diddy jayz dr dre are all black . add babayaro,kanu to dat list

Explorers:
2. Evander Holyfield.

Holyfield earned over $200 million dollars during a career that spanned more than two decades.

The boxer had been teetering on thebrink of financial ruin for sometime when his 109-room mansion in Atlanta went into foreclosure in 2008.

He would hold off the foreclosure for a few years, but was forced to put the home on the auction block in 2012 to pay off $14 million he owed to financial firm JP Morgan Chase.

The home sold for $7.5 million. Holyfield owed $200,000 in back taxes and over $500,000 in child support payments as of 2012.

Explorers:
3. MC Hammer.

This is one of the top musicians that rocked everywhere he went, especially in the 90’s.

He was able to make millions of dollars during his music career.

Nevertheless, Hammer blew it all away in extravagant spending.

Hammer earned an amazing$33 millionwhen he was still in his early 20’s.

He undoubtedly lived the King’s life, as one of his possessions that swallowed his fortune was a couple of helicopters.

A substantial amount of his cash also went to paying about 200 entourages which mostly comprised of jobless family and friends he was trying to help. He filled for bankruptcy in 1996 declaring about$13 million in debt.

He’s a classic example of someone earning his wealth too fast and too soon, which made it hard for him to handle his finances.

Now living as a pastor in California.

Explorers:
4. Dennis Rodman.

The former NBA star earned about $27 million salary excluding the extra millions he got from endorsement deals and other off the court additions.

How he became totally broke after retirement is a mystery.

He could not even cater for his immediate personal needs talk less of paying the $808,935 he owed to the support of his two children and the $51,441 he owed as spousal support to his third ex-wife.

It was so bad he had to plead with attorneys to defend him pro bono.

overdrive:
i tot dennis rodman was friends with north korean presidenthow come he is bankrupt

Explorers:
5. Wesley Snipes.

The Blade star earned about $37.9 million from his acting career in the space of 8 years but ignored his tax bills .

The government also alleged that he used fake documents in an attempt to receive tax refunds.

However, he was acquitted of felony charges to defraud the government but found guilty of three counts of misdemeanor charges to willfully ignore his taxes.

As a result, Snipes was ordered to pay $17million in back taxes and sentenced to 3 years behind bars.

He served his jail term between 2010 and 2013.

Unfortunately, after his release, his movie career has never been the same again, however, Snipes is working hard to restore his glory days.

Explorers:
6. Chris Tucker.

Yet another tax issue.

It’s surprising to see someone who was once the highest paid actor in Hollywood when he earned $50 million be in a debt he can’t even afford to clear.

Apparently, Tucker didn’t pay his taxes for 7 years.

This forced him to sell his luxury cars and even mortgage his mansion but sadly he still owes the IRS $11 million.

overdrive:



kanu as in kanu nwankwo

ajebuter:


You must be a senior in secondary school in 1991-1992 if you wore that trousers ...

Just like all the boys in my class.

Remember his hit song then?.….'Here comes a Hammer'. and ' Can't touch this'....
.
Jeez! and Hammer was a very very good dancer.

Good ole 90s.

iKnowevents:


Drugs nearly or is still finishing this guy. Most of the movies you see him in, he was as high as a kite when they were been shot.

Ishilove:

I tried that dance step but till date I never got it

ajebuter:


l don't blame you....

Very few people could dance like Hammer then...

Plus, Hammer himself was a ' Dancing Machine". like one of his tracks then....

Remember that track: Mc Hammer the dancing machine..(Mc Hammer! dancing!n dancing!! dancing!! Mc Hammer..I'm a dancing machine!!

Don't ask me how l know the tracks because l saved my chop money to buy his songs and videos..to practice,lol

Ishilove:

I think Ayinde Barrister copied some of the moves. Have you seen 'Joker joker'? He did some MC Hammer fancy footwork in the video

Explorers:
1. Mike Tyson.



Tyson raked in $30 million per fight at the peak of his career, but he bled money as readily as he earned it.

In 2003, the Times called him “a cash machine to himself and others,” detailing lavish spending on “jewelry, mansions, cars, limousines, cellphones, parties, clothing, motorcycles, and Siberian tigers.”

In December 2002, he bought a $173,000 gold chain on credit, adding it to the $27 million in debts listed in his 2003 bankruptcy filing.


The former pro boxer lavished his $400 million earnings, landing himself in a $23 million debt.

Mike filled for bankruptcy in 2003 owing both American and British government a total of $17 million.

He was also a debtor to several legal firms, limo services and a $9 million divorce settlement fee.

The movie industry seems to be the saving ground for anyone who has once attained stardom, and to Hollywood, Mike ran for help.

His role in The Hangover (1&2) movie and his TV show,Mike TysonSeries, has helped the former boxer to rise again.

Explorers:
2. Evander Holyfield.



Holyfield earned over $200 million dollars during a career that spanned more than two decades.

The boxer had been teetering on thebrink of financial ruin for sometime when his 109-room mansion in Atlanta went into foreclosure in 2008.

He would hold off the foreclosure for a few years, but was forced to put the home on the auction block in 2012 to pay off $14 million he owed to financial firm JP Morgan Chase.

The home sold for $7.5 million. Holyfield owed $200,000 in back taxes and over $500,000 in child support payments as of 2012.

Explorers:
3. MC Hammer.



This is one of the top musicians that rocked everywhere he went, especially in the 90’s.

He was able to make millions of dollars during his music career.

Nevertheless, Hammer blew it all away in extravagant spending.

Hammer earned an amazing$33 millionwhen he was still in his early 20’s.

He undoubtedly lived the King’s life, as one of his possessions that swallowed his fortune was a couple of helicopters.

A substantial amount of his cash also went to paying about 200 entourages which mostly comprised of jobless family and friends he was trying to help. He filled for bankruptcy in 1996 declaring about$13 million in debt.


He’s a classic example of someone earning his wealth too fast and too soon, which made it hard for him to handle his finances.

Now living as a pastor in California.

Explorers:
4. Dennis Rodman.



The former NBA star earned about $27 million salary excluding the extra millions he got from endorsement deals and other off the court additions.

How he became totally broke after retirement is a mystery.

He could not even cater for his immediate personal needs talk less of paying the $808,935 he owed to the support of his two children and the $51,441 he owed as spousal support to his third ex-wife.

It was so bad he had to plead with attorneys to defend him pro bono.

Not only is ‘The worm’ broke, but sick and had to check into rehab for alcoholism in 2014.

Explorers:
5. Wesley Snipes.



The Blade star earned about $37.9 million from his acting career in the space of 8 years but ignored his tax bills .

The government also alleged that he used fake documents in an attempt to receive tax refunds.

However, he was acquitted of felony charges to defraud the government but found guilty of three counts of misdemeanor charges to willfully ignore his taxes.

As a result, Snipes was ordered to pay $17million in back taxes and sentenced to 3 years behind bars.

He served his jail term between 2010 and 2013.

Unfortunately, after his release, his movie career has never been the same again, however, Snipes is working hard to restore his glory days.

Explorers:
6. Chris Tucker.



Yet another tax issue.

It’s surprising to see someone who was once the highest paid actor in Hollywood when he earned $50 million be in a debt he can’t even afford to clear.

Apparently, Tucker didn’t pay his taxes for 7 years.

This forced him to sell his luxury cars and even mortgage his mansion but sadly he still owes the IRS $11 million.

Explorers:
7. Allen Stanford.



There was a time when Allen was worth about $2billion, he was a billionaire.

However, the money was not earned legally, as he was discovered to have conned a lot of people.

With Stanford, you would slightly understand his sudden grace to grass transformation.

As of now, he has been sentenced to a jail term of 110 years.

He was found guilty of conning investors over $7 billion and has been charged a fine of almost $13 billion.

Explorers:
10. Jordan Belfort.



The once a Multi-Millionaire stockbroker that had it all.

Yachts, planes, women, midget throwing parties & drugs where just a few of the high life activities on Jordans agenda.

Jordan was reported to be making $250 Million at the age of 25 through his stockbroking firm Stratton Oakmont which functioned like a boiler room and later served as inspiration for the creation of the film also known as ‘Boiler Room‘, starring Vin Diesel&Giovanni Ribisi.

Jordan Belfort’s multi millions where stripped from him when the FBI pinned him for securities fraud and money laundering.

AfterJordan Belforts release from jail and paying back the 100 millions of dollars he owed other stock brokers, Jordan decided to turn his life around releasing the New York Best Seller ‘Catching The Wolf Of Wall Street‘ which was written by Jordan himself about his Wall Street sagas and his run ins with the law.

This Book has been developed into a movie which will be directed by Martin Scorsese starring Leonardo DiCaprio asJordan Belfort.

ajebuter:


Alhaji Agba with his tummy? practising Hammer dance, na atrocity..

Till date, Michael Jackson, Mc Hammer and Usher remain my most favorite dancers , for my generation that is.

Now l simply like my music cool, soul and blues..Marian Carey, R-kelly, Celine Dion, Michael Bolton, Westlife, Frank Sinatra, Montel Jordan, Phil Collins...on fact, old school blues not yamayama of nowadays

dominique:
Mostly blacks, not surprising at all. Blacks in sports and showbiz are only good at flashing their wealth without making any tangible investments.
Don't forget to include of fifty cents and R.Kelly o. I totally see Floyd Mayweather joining this list soon.

jagugu88li:
Jordan Belfort.........my husband

Someone please dont wake me from this dream

The dude was good though.....while it lasted