Celebrities like Kanye West and Chris Tucker seem to have it all – beautiful homes, luxury cars and lucrative contracts with top sporting, fashion and lifestyle brands. However, the old adage that having money costs money, is all too true in the case of many actors and entertainers, who can fall prey to excessive spending, or exercise bad money management skills. These are just a few celebrities who aren’t as well off as you think; who knows, though? The next million may be just around the corner, via the next book, album or endorsement deal…

Kanye West: The self-dubbed “Greatest Artist in the World” once tweeted that he was $53 million in debt. His net worth may stand at around $145 million, but he still felt the need to ask Mark Zuckerberg (again via Twitter) for $1 billion to finance his brilliant ideas. Soon, his wife, Kim Kardashian West, would brag about the millions she made, and announce her plans to transfer $53 billion into her joint account with Kanye. According to Vanity Fair, the rapper’s financial woes began in 2009, when his clothing line, Pastelle, folded in 2009. His high-end female fashion line, called Kanye West, never made it to the clothing racks, putting him out a whopping $30 million. More recently, West incurred around $16 million in debt in launching the first season of his Adidas clothing line. Don’t feel too sorry for this artist, though; he may have incurred considerable debt, but he is also a talented musician with millions of fans. Over the past five years, he has made a total of $72 million thanks to his successful albums. Who knows? Kanye’s cry for help to settle debt may have been his way of garnering attention from ‘the big leagues’, who may just be tempted to finance interesting creative projects which are currently just a vision in Kanye’s mind.

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