Tuesday, September 17, 2019

Presidential Scholarships For Undergraduates At Kansas State University in USA, 2020







The Kansas State University – USA is offering the Presidential Scholarship Program to Individuals who wants to pursue a degree program at the Institution.

This scholarship program is created to attract top students who demonstrate the potential to make exceptionally strong contributions to the K-State student body, both in the classroom and in the extracurricular life of the campus.

Eligible Countries: USA

Type: Undergraduate Scholarships

Value Of Scholarships: $80,000.

Eligibility: Interested Applicants must meet the following criteria:

  • Applicants with the first degree from a recognized university and academically talented, disadvantaged based on the criteria of disability, socioeconomic status, and are not engaged at work at all or have been engaged at work but couldn’t able to cover their study expenses will be eligible for the scholarship.

  • Have financial difficulty to finance graduate university education and. Have leadership/community giveback experience or potential.

  • ACT score: 32 or above OR SAT score: 1450 or above

  • High school GPA: 3.85 or above

  • Display extraordinary leadership

  • Be a high school senior

  • Be admitted to K-State

  • Attend K-State in Fall 2020


How To Apply:

Visit The Scholarship Webpage For More Information

Application Deadline: Monday, December 2, 2019

2020 Joint Japan/World Bank Scholarship Program For Graduates


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The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) is open to women and men from developing countries with relevant professional experience and a history of supporting their countries’ development efforts who are applying to a master degree program in a development-related topic.

Since 1996, the Graduate School of Business and Commerce of Keio University has been training promising tax personnel in the field of tax policy and administration with its Master’s Degree Program in Taxation Policy and Management. This program brings together the cooperation of Keio University, the National Tax Agency of Japan (NTA), and the World Bank in an alliance between public and private institutions.

Funded by the GOVERNMENT OF JAPAN and administered by the WORLD BANK Keio University, a leading private university in Japan, established the program as one of the partnership programs of the Joint Japan /World Bank Graduate Scholarship Program (JJ/WBGSP). Funded by the Government of Japan and administered by the World Bank, the JJ/WBGSP is a personnel training project which awards scholarships to help developing countries strengthen their human resources.

Eligibility Criteria

  • Be in good health with respect to the capacity to be a productive scholar for the duration of the Graduate Program, as certified by a medical doctor.

  • Hold a Bachelor’s degree or its equivalent with superior academic achievement earned at least three (3) years  prior to the Scholarship Application Deadline.

  • Not received any scholarship funding to earn a Graduate degree or its equivalent from any sources funded by the government of Japan.

  • Be a national of a Bank member country that is eligible to receive Bank financing and not be a national of any country that is not eligible to receive the Bank financing. For the list of eligible World Bank countries, see eligible country list.

  • Not hold dual citizen of any developed country.

  • Be employed in a paid and full time position at the time of the Scholarship Application Deadline unless the applicant is from a country identified in the World Bank’s “Harmonized List of Fragile Situations”.

  • Have, by  the time of  the Scholarship Application Deadline, at  least three(3)years of recent full time paid professional experience in the field of tax policy and administration at a public body (institution) after a Bachelor’s degree or its equivalent in the applicant’s home country or in another developing country; If the applicant is from a country identified in the World Bank’s “Harmonized List of Fragile Situations” at the time of the Scholarship Application Deadline, the recent professional experience does not have to be full time or paid.

  • Not be  an  Executive Director,  his / her alternate, staff of  the World  Bank Group(the  World Bank, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency, and International Center for Settlement of Investment Disputes), or a close relative of the aforementioned by blood or adoption with the term “close relative” defined as: Mother, Father, Sister, Half-sister, Brother, Half-brother, Son, Daughter, Aunt, Uncle, Niece, or Nephew.

  • Accepted to the University unconditionally or conditionally only upon securing financing.

  • Demonstrate proficiency in the English language at the level of a TOEFL score of 79 (iBT) or  better, or an IELTS score of 6.0 or better.

  • Meet any other criteria for admission established by Keio University.

  • Applicants must not be currently pursuing a Master’s or Ph.D. program in industrialized countries.

  • Applicants must not have had one or more years of training / studies and / or residency in an industrialized  country.

  • Applicants must not be permanent residents / nationals of industrialized countries.


Scholarship Worth

A Monthly stipend: JPY 152,000
*To cover all living expenses (accommodations, food, etc., including books).
Application Fee, Admission Fee, and Tuition Economy-class air travel between your home country and Japan at the start of your study program at Keio and immediately following the end of the scholarship period.
In addition to the two-way air travel, scholars will receive a USD500 travel allowance for each trip;

Method of Application

  • Applications are accepted upon completion of Online Registration and Submission of Application Documents.

  • Online Registration must be completed by October 24, 2019.

  • Application documents must be submitted by mail and must reach the Keio University by October 31, 2019. We do not accept applications via fax or email.

  • Send the original copy of the application documents. Copies of the application will not be accepted.

  • Please make a copy of all the application documents for your records. The World Bank may ask you to submit the copy in the selection process by the World Bank.

  • Late applications and incomplete applications will not be accepted. Keio will not notify applicants of missing  documents.

  • Application documents may also be downloaded from the homepage of the Master’s Degree Program in Taxation Policy and  Management.

  • Applicants who have applied for a program offered by Keio and have passed the selection process by Keio will be asked to complete additional online application by the World Bank, which will make the final admission  decision.


For More Information:

Visit the Official Webpage of the Joint Japan/World Bank Graduate Scholarship Program 2020

($USD 20,000) D-Prize Challenge for Social Entrepreneurs to fight Poverty, 2020





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The world has already invented products and services to end poverty, yet the best are not being distributed at mass-scale. Can you design a business or NGO that solves one of the Distribution Challenges below?

If selected we will award you up to $20,000 USD to launch a pilot version of your new organization in any region where extreme poverty exists.

Eligibility Criteria

D-Prize is for aspiring entrepreneurs from anywhere in the world, of any age, and any background.

EVALUATION PROCESS

Round 1

Submit your concept note and resume(s).

Round 2

Top 5% of entrepreneurs are invited to submit a full 10 page proposal. You will have  four weeks to submit.

Final round

Top entrepreneurs interview.  Winners will receive up to $20,000 to launch.

Launch

Spend the next three months using your talent to start a venture and help millions of people.

TIMELINE

Select a challenge above and be prepared for the following deadlines:

  • The Global Competition launches on September 9th, 2019.

  • Early Submission Deadline: October 20th, 2019 at midnight PT (pacific time)

  • Regular Submission Deadline: November 10th, 2019 at midnight PT (pacific time)

  • Extension Deadline (limited to 200 people who register): December 1st, 2019 at midnight PT (pacific time). Register for an extension.


For More Information:

Visit the Official Webpage of the D-Prize Challenge 2020 Prize

Sunday, September 15, 2019

2019 Freshman Scholarships For International At University of Western Australia







Applications are invited for the International Freshman Scholarships which will be awarded to Outstanding individuals who are interested in pursuing a degree program at University of Western Australia.

This scholarship program is designed to recognize all of the hardworking and dedicated students entering their first year of university by offering university scholarships.

For the 2019-2020 school year, OneClass is giving away $100,000 in individual scholarships to students. Individual freshman scholarships will range from $450 – $2000 depending on how many courses you are enrolled in.

Eligible Countries: International & Australia

Type: Undergraduate

Number of Awards: Not known

Eligibility:

  • Applicant must have to enroll or accepted for enrollment as a full-time student in 2019/2020 academic year at an accredited US, Canadian or Australian post-secondary institution.

  • Applicant must be an International Student

  • Applicant must have excellent grades from previous educational programs


How To Apply:

  • 1. Reserve your spot

  • 2. Add your courses on OneClass after your course registration

  • 3. An email will be sent to you in October to complete your application


Visit The Official Website For More Information

Application Deadline: October 31, 2019

($USD 20,000) D-Prize Challenge for Social Entrepreneurs to fight Poverty, 2020







The world has already invented products and services to end poverty, yet the best are not being distributed at mass-scale. Can you design a business or NGO that solves one of the Distribution Challenges below?

If selected we will award you up to $20,000 USD to launch a pilot version of your new organization in any region where extreme poverty exists.

Eligibility Criteria

D-Prize is for aspiring entrepreneurs from anywhere in the world, of any age, and any background.

EVALUATION PROCESS

Round 1

Submit your concept note and resume(s).

Round 2

Top 5% of entrepreneurs are invited to submit a full 10 page proposal. You will have  four weeks to submit.

Final round

Top entrepreneurs interview.  Winners will receive up to $20,000 to launch.

Launch

Spend the next three months using your talent to start a venture and help millions of people.

TIMELINE

Select a challenge above and be prepared for the following deadlines:

  • The Global Competition launches on September 9th, 2019.

  • Early Submission Deadline: October 20th, 2019 at midnight PT (pacific time)

  • Regular Submission Deadline: November 10th, 2019 at midnight PT (pacific time)

  • Extension Deadline (limited to 200 people who register): December 1st, 2019 at midnight PT (pacific time). Register for an extension.


For More Information:

Visit the Official Webpage of the D-Prize Challenge 2020 Prize

Melbourne School of Engineering Foundation Scholarship For International Students in Australia 2020-2021







If you think that studying in Australia is like a hitting a mountain, then you need to look at the Melbourne School of Engineering Foundation International Scholarship opportunity which is presenting by the University of Melbourne.

The main goal of this educational opportunity is to encourage Australian and International participants to undertake a master’s degree program at the Melbourne School of Engineering in Australia.

Department: The Melbourne School of Engineering

Course Level: Masters degree

Award: $5,000 – $20,000

Access Mode: Online

Number of Awards: Twenty grants are available

Nationality: Australia and International

The program can be taken in Australia

Language: English

Eligibility

  • Eligible Countries: Australian and International candidates are allowed to join

  • Acceptable Course or Subjects: The program is available for pursuing a master degree program in the field of Computing and Information, Engineering at the Melbourne School of Engineering.

  • Admissible Criteria: The candidates must receive an offer to study a degree program at the university.


Method of Application: Melbourne would like to advise participants that they need to take admission in a master degree program at the university. After that, aspirants will be automatically considered for the grant, no further application is required.

Additional Information



  • Supporting Documents: As per the university requirement-the candidates will be asked to submit their copies or scan of university transcripts, language ability proof, curriculum vitae, and academic transcripts.

  • Admission Requirements: Interested candidates must successfully complete an undergraduate degree program.

  • Language Requirement: Since the recipients are going to study in Australia, they have to demonstrate the English language ability by the TOEFL or IELTS test.


Benefits


The educational award will provide the grant of $5,000 – $20,000 which will be paid in half-yearly installments for the normal, full-time duration of the recipient’s course for a maximum of two years.

Scholarship Application Deadline:  Application Deadlines are as follows-

Semester 1: late December

Semester 2: 31 May

Apply Now


2020 Ali Arts Entrepreneurship Awards For International Students At University of Waterloo in Canada







The University of Waterloo – Canada is offering the Ali Arts Entrepreneurship Awards to International Students who are willing to pursue a degree program at the Institution.

This award which is valued at $2,500, is provided annually to a full-time undergraduate student enrolled in Year Two, Three, or Four in the Faculty of Arts who is pursuing an entrepreneurial endeavour. Selection will be made on the basis of academic achievement (minimum 75%) and a letter (1-2 pages maximum) describing the student’s passion for entrepreneurship

Eligible Countries: International

Type: Undergraduate

Eligible Field Of Study: Bachelor degree in Accounting and Financial Mgmt, Anthropology, Classical Studies, Communication Arts, Economics, English Language and Literature, Fine Arts, French Studies, Germanic and Slavic Studies, Global Business and Digital Arts, History, International Trade, Italian Studies, Liberal Studies, Medieval Studies, Music, Peace and Conflict Studies, Philosophy, Political Science, Psychology, Religious Studies, Russian and European Studies, Sexuality, Marriage and Family Studies, Social Development Studies, Sociology and Legal Studies, Spanish and Latin American Studies, Women’s Studies.

Eligibility:

  • Applicants must have to be enrolled in the bachelor degree coursework at the university for the academic year 2019-2020. Selection will be made on the basis of academic achievement.

  • Applicants must be International Students


How To Apply: Interested applicants are recommended to take admission in the undergraduate degree coursework at the university. After taking confirmation, seekers will be automatically considered for this scholarship.

Visit The Scholarship Webpage For More Information

Application Deadline: October 1, 2019

International Academic Excellence Programme For MSc Students at ANU, 2020







The Australian National University is offering the ANU College of Arts and Social Sciences International Academic Excellence masters programme program in Australia.

The main purpose of this bursary is to attract the high achieving candidates from China, Hong Kong, Indonesia, India, Malaysia or Singapore for pursuing a master’s degree program at ANU College of Arts and Social Sciences.

Department: ANU College of Arts and Social Sciences

Course Level: Masters degree

Award: $10,000

Access Mode: Online

Number of Awards: Up to 10 grants are available

Nationality: International

The program can be taken in Australia

Language: English

Eligibility

  • Admissible Criteria: An applicant must receive an offer to study a degree program in the first semester of 2020.

  • Eligible Countries: Be a citizen of China, Hong Kong, Indonesia, India, Malaysia or Singapore

  • Acceptable Course or Subjects: Available for pursuing a Master or Master Advanced program (excluding the Master of Studies/Master of Studies Advanced) at the ANU College of Arts and Social Sciences.


How to Apply: 2020 award applications are auto assessed. Any eligible candidate who applies to study a Master or Master Advanced program at the University for the First Assessment round of applications will be automatically considered for the grant.

Supporting Information



  • Supporting Documents: At the time of admission, the candidates will be asked to submit their academic transcripts (copies or original), language ability proof, copy of the passport name page, and a brief CV along with some other additional documents.

  • Admission Requirements: An ideal participant must complete an undergraduate degree program for commencing in a master’s degree program.

  • Language Requirement: If the candidate’s national language is not English, then they need to demonstrate their English language ability by taking the TOEFL or IELTS test.


Benefits: The applicants will receive $10,000 in the first year of study paid in two equal installments following the Census date of each semester.

Apply Now


Application Deadline: December 15, 2019

15 Rich And Famous People That Ended Up Poor


















Mike Tyson



Kevin Winter/Getty Images


Heavyweight champion Mike Tyson earned $300million over his career, but he was knocked down with a $23 million debt in 2003. He declared bankruptcy, returned to jail, and went through rehab before he again reached financial stability.


By 2003, he owed money to the IRS, British tax authorities, lawyers, a personal trainer, a financial manager, and a music producer, among others. Tyson had to pay $9 million in a divorce settlement and was also behind on child support.


Stephen Baldwin



Anna Webber/Getty


Alec's younger brother filed for bankruptcy in 2009 while owing money on taxes and a couple of mortgages. Troubles repeated as Baldwin's house was foreclosed in 2017 after six years of no mortgage payments.


On another occasion, Baldwin was arrested and served five years' probation for failing to pay taxes for three straight years.





50 Cent


Jared C. Tilton/Getty Images


50 Cent broke out as a rapper, but he makes most of his money from a diverse business empire. He first encountered trouble in the 2008 recession when his stocks took a dive.


In 2015, 50 Cent was $32.5 million in debt while caught up in lawsuits and unpaid child-support payments. The next year he declared bankruptcy.


More recently, he got lucky when Bitcoin surged in value. He received 700 bitcoins as payment for a 2014 album and his share of cryptocurrency came to be worth millions.


Ulysses S. Grant



It is tough to imagine a president going broke after leaving the White House, but that in fact happened to esteemed Civil War General Ulysses S. Grant.


The 18th president became a partner in financial firm Grant and Ward, but Ferdinand Ward embezzled investors' money, leaving the firm and Grant bankrupt in 1884. Grant was receiving a military pension, but it was not enough as the president was also suffering from throat cancer.


To make money, Grant had Mark Twain publish his memoirs, but he died before he could make money from his life story.



















Mark Twain



Major J.B. Pond/Wikimedia


Speaking of Twain, the American author grew up poor after his father died when the novelist-to-be was 11 years old. Throughout his career, Twain desired to become rich, and even though he married up on the social ladder, his dream never came true.


After the success of Grant's biography and "The Adventures of Tom Sawyer," Twain's publishing house went bankrupt. His financial failings contributed to depression and, in 1894, the satirist declared bankruptcy.


With more successful writing and a popular speaking tour, Twain got back to financial security, but then lost a $30,000 investment in a protein powder.




MC Hammer



MC Hammer/Youtube


MC Hammer had a legitimate hit with "U Can't Touch This," and the rappersoon had $30 million in the bank. But Hammer went on a spending spree and declared bankruptcy in 1996 while he was $13 million in debt.


Before he went broke, Hammer bought a $1 million mansion that he made $30 million worth of adjustments to, and staffed 200 people in his home. He also bought a horse stable where he kept 19 racehorses.


Combined with his unrestrained spending and numerous lawsuits, it's easy to see how MC Hammer fell.




Dennis Rodman



Kim Kwang Hyon/AP


Rodman was known as a great rebounder and teammate of Michael Jordan before becoming an eccentric celebrity with a short marriage to Carmen Electra and eventually an unofficial US ambassador to North Korea.


In 2012, Rodman's lawyers said he could barely afford living expenses and could not pay child support for his two kids. At the time, he owed over $800,000 in back child support but claimed to be broke and sick.




Kim Basinger



Jordan Strauss/AP


In 1989, actress Kim Basinger paid $20 million for a 1,691-acre town. Basinger was expected to create a tourist attraction such as a theme park or movie studio in Braselton, Georgia, but she instead declared bankruptcy and had to sell the property for a huge loss.


Basinger settled with Main Line Pictures in 1995 for dropping out of performing in the film "Boxing Helena," avoiding the initial $8.1 million judgment.


In 1995, Basinger was "living in three homes on both coasts and spending $31,000 a month on clothes, pets, and an ex-husband [Alec Baldwin]" while failing to pay a maintenance company $8,100 for yard work on her Los Angeles home.




Marvin Gaye



The soul singer of hits "Let's Get It On" and "I Heard It Through the Grapevine" made plenty of money from his records, but he was also a free spender.


Gaye filed for bankruptcy and fell behind on alimony payments to his first wife, Anna Gordy Gaye. In 1976, a judge forced Gaye to pay his ex-wife $600,000 from royalties of his upcoming album, "Here, My Dear."


Gaye refused to make the court-ordered payments, and claimed his expenses exceeded his income even as he continued to spend money recklessly, purchasing luxury automobiles, boats, and beachfront properties.


Gaye moved to Europe in 1981 to avoid pressure from the IRS. Gaye was shot and killed by his father in 1984, and at the time, the 44-year-old Gaye still owed Anna $300,000 in back alim








Curt Schilling



Jeff Gross/Getty


Schilling was a successful pitcher who broke the Red Sox' World Series drought through sweat and blood. In his post-playing days, Schilling created a video-game studio to make one of his hobbies into a business.


Schilling put $50 million of his own money into 38 Studios and managed to secure $75 million in bonds from the state of Rhode Island. His business failed, and he was asked to pay back $2.5 million to Rhode Island even though he had gone through all his savings and his company was $120 million in debt.


The situation got worse for the former baseball player when he was fired from ESPN in 2016.




Burt Reynolds



Jack Plunkett/AP


"I've lost more money than is possible because I just haven't watched it," Reynolds told Vanity Fair. Starting with two bad ventures into chain restaurants during the '80s, Reynolds had a string of failed investments.


Meanwhile, the movie star was spending heavily on real estate, a private jet, 150 horses, and over $100,000 in toupees. After an expensive marriage to Loni Anderson, Reynolds experienced a costly divorce.


Because of large costs and dwindling income, Reynolds couldn't pay back a $3.7 million loan to CBS and declared bankruptcy in 1996 while he was $11.2 million in debt.




Meat Loaf


REUTERS/Arnd Wiegmann


Meat Loaf was a huge success in the late '70s, starring in the cult classic "Rocky Horror Picture Show" and releasing hit album "Bat Out of Hell." The '80s were less friendly to the singer of "Paradise by the Dashboard Light."


Meat Loaf told Guardian: "I had 45 lawsuits totaling $80million thrown at me, it was a game. And the only way to stop them playing their game was to declare a chapter 11 bankruptcy. Because every time we'd get one case dismissed, they'd throw another one at me. And everybody thinks I had all this money but I didn't, because CBS did not pay my royalties until 1997."


He turned things around in the '90s. As he would say, being successful in two out of three decades "Ain't Bad.




Willie Nelson



Amy Sussman/AP


Nelson is known as a country singer and marijuana-smoking icon, but he has also gotten into notable money problems. Nelson was avoiding federal taxes and the IRS came looking for a tax bill of $16.7million, including interest and penalty.


His lawyer negotiated the bill down to $6 million, but Nelson still couldn't pay up. In 1990, the IRS raided his home and seized nearly everything Nelson owned - including 20 properties and most of his instruments and music collection.


Nelson was forced to record "The IRS Tapes: Who'll Buy My Memories" and fans organized fundraisers for the down-on-his-luck musician.




Gary Coleman



Coleman was a childhood star, making $70,000 per episode of "Diff'rent Strokes" in the '80s. By the time Coleman had wrapped up saying "What you talkin' 'bout Willis?" he was 18, but his adopted parents had squandered all his earnings.


Coleman's hit sitcom ended in 1986, but he had trouble finding other work in Hollywood. He eventually won a settlement against his parents, but that was not enough to avoid bankruptcy in 1999.


After lawyers' fees and bad investments, the diminutive Coleman had to work as a security guard. At the time, he had $100 in cash.


Wayne Newton



Matt York/AP


Newton had a few hits in the '60s, but he made it big as a Las Vegas lounge singer and was even the highest-earning performer in 1983. By 1992, he was bankrupt and $20 million in debt.


Even though he made his way out of debt, Newton's money problems didn't stop there. The IRS sued him in 2005 for failing to pay $1.8 million on the sale of a house. Newton's property was seized in 2010 for failing to pay off a $3.35 million loan.


Financial issues and legal problemshave continued to plague Newton for the past 30 years.

















JANICE DICKINSON






One of the first supermodels ever to hit superstardom, Janice Dickinson has been at the center of attention since the 70s, when she appeared. You probably saw her sitting in the judging booth on American's Next Top Model, and her own reality show, The Janice Dickinson Modeling Agency. Imagine the paychecks from all those fashion shows

she did, and appearing on popular shows such as ANTM– Janice should have been stacked for the rest of her life.

But, nothing beautiful comes for free in real life. Janice's looks and style cost a lot of money; bills from plastic surgeons and dermatologists could make an average person homeless quickly. Add a large villa in Beverly Hills (1.4 million dollars), loads of very expensive clothes and a luxurious lifestyle, and you get a money-spending machine. As a "cherry on top", Janice hasn't paid attention to the IRS and bills kept piling up to a whopping $500,000 of debt.














  Toni Braxton







Bankruptcy is a sign that you're beaten to the ground, leveled. But, some people might use it as a tool to avoid massive taxes, bills and obligations. You know the song Unbreak My Heart? Toni Braxton is the author of this all-time classic. You'd think that she's a fragile person after you hear her sing about a broken heart and tears, wouldn't you?

Well, it turns out the singer loves to live the life of fraud and misguidance; she accumulated over 50 million dollars of debt by not paying taxes, bills or for services. On the big list of people she owes money to, there is AT&T, multiple healthcare providers, several hotels, jewelers from Tiffany and of course, the IRS. This woman filed for bankruptcy three times so far; 1998, 2010 and 2013. The last time she filed for bankruptcy is the most interesting one; Braxton bought a 3 million dollar mansion shortly after the bankruptcy filing.











GARY BUSEY






Do you remember this guy? Gary acted in more than 70 movies, earning himself a hefty sum with each release from Hollywood. And, when you take a look at him, he doesn’t seem like a person that would spend millions of dollars on cheap thrills and one night stands. If you’d assume that, you’d be right. The poor fella had some serious health problems, all caused by reckless driving in 1988 (yeah, it dates way back). With a big head injury and cancer, Busey went from rich to poor in an instant.



Huge medical bills came as a final nail in the coffin for Gary’s bankruptcy file, and the actor filed for it in February 2012. Since then, he started appearing in low budget movies, sitcoms and reality shows, laughing like crazy, trying to get more attention. His debts include court penalties, IRS bills, hospital bills and bank payment notices. His assets are estimated to be worth $50K, and his debts equal $1 million. We hope Gary will recover.







Wesley Snipes





If you love classic action movies, don’t read this one.

Wesley Snipes, the all-time favorite action movie performer from the 90s had tremendous success with many blockbusters. All was perfect for Mr. Snipes, except for one tiny problem – he bailed from tax obligations for more than six years. That’s the kind of trouble that no amount of martial arts will get you out of.

Unfortunately for all of us Snipes fans, that was not his only problem. He didn’t care about money and the way he spent it, so the accumulated debt grew bigger than his assets. That’s why he had to go to prison in 2010. Over an extended period of time, he was nowhere to be seen, and now that he’s back, he can’t get any more lucrative roles in blockbusters. Sorry Mr. Snipes, your days as an action hero are gone.







Stephen Baldwin


Here’s another story of a beloved actor going broke. We all know (or at least are familiar with) Stephen Baldwin, the youngest of the Baldwin brothers. We loved him in The Usual Suspects, and we were against him when he was against his daughter’s relationship with Justin Bieber. With a recognizable Baldwin face, and a bunch of movies on your resume, how is itpossible that you go broke?
Well, it’s simple – you just avoid paying taxes and credit card bills, for an extended period of time. Three years, to be precise. Stephen Baldwin was forced to file for bankruptcy protection in 2009 because his debts were bigger than $2 million. The latest news is that he managed to pay $400K (state taxes plus interest) to the creditors and now faces mortgage problems.



 Lady Gaga


Lady Gaga broke? Oh, come on! Nobody would expect that to be true. But, it turns out that there was a point in the singer’s life where she was broke completely. Funny thing to mention, she was broke during her 2009 Monster’s Ball tour. Some people have the guts to follow their dreams no matter what, and Gaga is the perfect example. At the time, she knew that the tour would be a massive success, but a lot of resources were needed for the extravagant performances she intended to have on the tour.
The record house didn’t back her up, so she invested every last dollar she had ($3 million) on the stage, the costumes, performers and light shows. During the tour, she was literally broke – zero dollars in the bank. But, the courage and determination paid off. After several incredible performances, Gaga received a check for 40 million dollars from the Live Nation. “It changed my life and the life of my whole family,” Gaga said in an interview. So, it was true after all; at one point in her career, Lady Gaga was penniless. Think about that for a minute.



 Pamela Anderson


Pam Anderson is a face that often gets media attention as a tax disobedient. We all know her from Baywatch, where she got ultra-popular. During her lucrative acting career, she enjoyed a luxurious lifestyle and spent money on properties and expensive cars while avoiding tax obligations. As it turns out, unpaid bills kept piling up, totaling to a sum of $2 million. Think about that when you’re in a financial rut – is it so daunting now?
What do you do when you’re deep in debt? If you’re Pamela Anderson, you just forget about it and keep shopping for expensive cars. She is on the list of the Top 500 Delinquent Taxpayers by California Franchise Tax Board. Her good looks won’t help her out of this debt. Her recent divorce to Rick Salomongot her a million dollars – a small “medicine” to treat her terrible financial situation.


Lena Headey



The notorious queen of Westeros and relentless Iron Throne ruler can’t handle money well. Who would have known? Lena Headey plays one of the lead roles in one of the biggest television shows on this planet, Game of Thrones. How in the world is it possible for her to be broke?2013 was a very rough year for Headey. She parted ways with Peter Loughran in a divorce which cost her a tremendous amount of money. Unfortunately, her paychecks from GoTdidn’t have the power to get her out of this one. Her big house in the Hollywood Hills had to be compensated to get her even, and that wasn’t enough, so she had to file for bankruptcy while battling for custody over her child. Poor Lena. Oh wait, GoT wasn’t that big during that time, so we’re certain her paychecks are way above the problems she had at that point. Still, it’s a fascinating fact, to be broke and star in Game of Thrones,



 Brendan Fraser


A guy with an unforgettable smile and charisma, a guy with great looks and acting skills, Brendan Fraserhad it all. Even though his career went a bit downhill recently (appearing only in low-class films), Brendan is still a household name and has a staggering resume in Hollywood. It would be nonsense to believe that he filed for bankruptcy in any way, wouldn’t it? It turns out that it won’t.
Fraser has a lot of alimony and child support to pay for each month (a whopping sum of $75K – wow, some people earn that much in a year). Fraser pleaded for poverty in court because he sustained a devastating back injury, which prevents him from working enough. So, he’s using the poverty ticket to get out of the ultra-high alimony bills he receives every month.



 Lindsay Lohan 


It doesn’t feel good to see a pretty face lose everything, but Lindsay Lohan had to pay the price of partying like a maniac for years. It looks like when you’re earning a lot of money by acting in movies, you don’t want to pay taxes and spend it all on cheap thrills, just like we mentioned in our intro. Lindsay is the perfect example of this. Her decadent lifestyle (with drugs and alcohol abuse) led to several health problems, several rehab sessions, and it definitely took its toll on Lindsay’s looks and career.
2012 was the year when the IRS took control of her funds so her debts could be paid. The debt amount was around $200K, and it turns out that it was just a small chunk of her liabilities. In 2013, Lohan had the chance to be sponsored by Oprah to make a series of interviews for her show, and that brought $2 million to her bank account. Unfortunately for her, the accumulated debt with interests grew to over $1.5 million.

 Chris Tucker


It looks like that good sense of humor comes with bad money management skills. When we say Chris Tucker, you probably think of the Rush Hour movie franchise. The actor earned around $65 million for the trilogy, alongside the title of one of the highest paid actors at the time. His debts, on the other hand, piled up from way back; Tucker evaded state tax for almost a whole decade, accumulating a debt of $14.5 million dollars. Of course, his assets and money in the bank are not enough to pay the debt.
“Poor accounting and business management” were the reasons for this enormous debt, his representative had stated. There are only speculations and rumors about this debt; no confirmed statements of Tucker’s splurging or problems. His two mansions in Hollywood and Miami had to be sold to repay a part of the debt, and the actor has reportedly reached a deal with the IRS. He’s trying to rebound by appearing on a comedy show on Netflix.


Sinbad



Born as David Adkins, the Michigan comedy prodigy got his breakthrough on a spin-off of the popular show, The Cosby Show. The lovable stand-up comedian reached his fame in the 90s with his own show, conveniently named The Sinbad Show.
In his prime, Sinbad bought a 10000m² beautiful home placed on top of a hill. However, in his 2013 interview with Oprah, he denied that he was living lavishly and that he used the money to help others as well as himself.
The former comedian filed for bankruptcy two times, owing $11 million at a certain point. That’s a lot of unpaid taxes, and even the splendid hilltop home he sold didn’t repay that. On the bright side, David Atkins has managed to score a gig or two and still has his lovely family. More than you can say about certain Hollywood stars.


Michael Vick



The first overall pick for the Atlanta Falcons in 2001, Michael Vick is actually the first African-American quarterback to be picked as a first overall in the history of NFL drafts. Michael led his team to the playoffs twice.
Having received wide popularity because of his plays on the field, Vick soon became obsessed with his carefree lifestyle.

The proverbial rock bottom for Michael Vick was in 2007, when he was found guilty of operating a dogfighting ring. Even though he claimed that it had nothing to do with animal cruelty, it cost him almost everything. After nearly two years in prison, Vick filed for bankruptcy mainly because of unpaid legal fees. Michael Vick has rebounded quite successfully as he was NFL Comeback Player of the Year (2010).



 Warren Sapp



Hall of Fame member and an NFL 2002 Super Bowl champion, the defensive tackle from Florida has dominated the field known for his aggressive style and commitment. One of the best defensive players ever, Sapp was elected seven times to Pro Bowl squad. A bad boy on and off the field, he had several verbal incidents and was even expelled from the field because of unsportsmanlike conduct. Sapp was a huge spender and rarely took a look at price tags before making purchases.

Sapp’s spending lifestyle and a failed business attempt led to him filing for bankruptcy in 2012. Owing a lot in taxes and almost a million in alimony, Sapp had to sell everything including his huge house in Windermere, that was sold for $2.9 million. His total amount in assets amounted to $6.45 million, but his debt was over $6.7 million. He managed to pull out and after having his jersey (number 99, Tampa Bay Buccaneers) retired in 2013, he went on to become an analyst for the NFL Network.




















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15 Rich And Famous People That Ended Up Poor






There is an old saying: "Easy Come, Easy Go." Well, celebrities can definitely agree. Maybe it didn't come that easily, but the quickly earned money can surely disappear as fast as it came. After earning dozens of millions during their careers, it is hard to imagine how in the world these famous people manage to lose their fortune. It seems that you need to have a special kind of talent to declare bankruptcy after obtaining that much money.



You can probably guess the cause – bad management, a crisis in the world of finance, divorces, not paying taxes or just being greedy; the fact is solid – all these celebrities went bankrupt at least once. Their stories can teach us lessons: every time you face financial problems, you can say something like: "This is nothing. If 50 Cent can lose all those millions and be just fine, why should I stress about 2000$?" It can be a good stress reliever; don't you think?

These celebrities prove that being rich and famous doesn't necessarily go hand in hand. If you ever come to the point that you wish to be in their place, consider questioning yourself. They also have problems like we do, they make bad decisions, and face difficulties managing their money. Anyone can face money issues sometimes. You can't avoid that, and if you have more money, more problems might emerge.

That's another thought to keep you worry free. Why worry if it's still gonna happen? Here are 15 celebrities who went from filthy rich to penniless:

Nicolas Cage


Reed Saxon/AP


Cage was one of Hollywood's biggest stars, earning $40 million in 2009 alone, but also one of its biggest spenders. He purchased many homes, automobiles, and rare artifacts.


The IRS placed tax liens on multiple properties he owned, and then had Cage hand over more than $6million for failing to pay his 2007 tax bill. Cage's precarious financial situation led him to sell many of his belongings, including a treasured comic book, and take many film roles.


Floyd Mayweather Jr.


Reuters


Mayweather has never lost a match in the boxing ring, earning the nickname "Money." Yet Deadspin reported that Mayweather has owed the IRS money for over a decade.




The boxer's failure to pay taxes resulted in a $22.2million debt to the IRS, even as he came out of retirement for a high-grossing fight. There are rumors that Mayweather will again come out of retirement to settle his debts.




















Mike Tyson



Kevin Winter/Getty Images


Heavyweight champion Mike Tyson earned $300million over his career, but he was knocked down with a $23 million debt in 2003. He declared bankruptcy, returned to jail, and went through rehab before he again reached financial stability.


By 2003, he owed money to the IRS, British tax authorities, lawyers, a personal trainer, a financial manager, and a music producer, among others. Tyson had to pay $9 million in a divorce settlement and was also behind on child support.


Stephen Baldwin



Anna Webber/Getty


Alec's younger brother filed for bankruptcy in 2009 while owing money on taxes and a couple of mortgages. Troubles repeated as Baldwin's house was foreclosed in 2017 after six years of no mortgage payments.


On another occasion, Baldwin was arrested and served five years' probation for failing to pay taxes for three straight years.





50 Cent


Jared C. Tilton/Getty Images


50 Cent broke out as a rapper, but he makes most of his money from a diverse business empire. He first encountered trouble in the 2008 recession when his stocks took a dive.


In 2015, 50 Cent was $32.5 million in debt while caught up in lawsuits and unpaid child-support payments. The next year he declared bankruptcy.


More recently, he got lucky when Bitcoin surged in value. He received 700 bitcoins as payment for a 2014 album and his share of cryptocurrency came to be worth millions.


Ulysses S. Grant



It is tough to imagine a president going broke after leaving the White House, but that in fact happened to esteemed Civil War General Ulysses S. Grant.


The 18th president became a partner in financial firm Grant and Ward, but Ferdinand Ward embezzled investors' money, leaving the firm and Grant bankrupt in 1884. Grant was receiving a military pension, but it was not enough as the president was also suffering from throat cancer.


To make money, Grant had Mark Twain publish his memoirs, but he died before he could make money from his life story.



















Mark Twain



Major J.B. Pond/Wikimedia


Speaking of Twain, the American author grew up poor after his father died when the novelist-to-be was 11 years old. Throughout his career, Twain desired to become rich, and even though he married up on the social ladder, his dream never came true.


After the success of Grant's biography and "The Adventures of Tom Sawyer," Twain's publishing house went bankrupt. His financial failings contributed to depression and, in 1894, the satirist declared bankruptcy.


With more successful writing and a popular speaking tour, Twain got back to financial security, but then lost a $30,000 investment in a protein powder.




MC Hammer



MC Hammer/Youtube


MC Hammer had a legitimate hit with "U Can't Touch This," and the rappersoon had $30 million in the bank. But Hammer went on a spending spree and declared bankruptcy in 1996 while he was $13 million in debt.


Before he went broke, Hammer bought a $1 million mansion that he made $30 million worth of adjustments to, and staffed 200 people in his home. He also bought a horse stable where he kept 19 racehorses.


Combined with his unrestrained spending and numerous lawsuits, it's easy to see how MC Hammer fell.




Dennis Rodman



Kim Kwang Hyon/AP


Rodman was known as a great rebounder and teammate of Michael Jordan before becoming an eccentric celebrity with a short marriage to Carmen Electra and eventually an unofficial US ambassador to North Korea.


In 2012, Rodman's lawyers said he could barely afford living expenses and could not pay child support for his two kids. At the time, he owed over $800,000 in back child support but claimed to be broke and sick.




Kim Basinger



Jordan Strauss/AP


In 1989, actress Kim Basinger paid $20 million for a 1,691-acre town. Basinger was expected to create a tourist attraction such as a theme park or movie studio in Braselton, Georgia, but she instead declared bankruptcy and had to sell the property for a huge loss.


Basinger settled with Main Line Pictures in 1995 for dropping out of performing in the film "Boxing Helena," avoiding the initial $8.1 million judgment.


In 1995, Basinger was "living in three homes on both coasts and spending $31,000 a month on clothes, pets, and an ex-husband [Alec Baldwin]" while failing to pay a maintenance company $8,100 for yard work on her Los Angeles home.




Marvin Gaye



The soul singer of hits "Let's Get It On" and "I Heard It Through the Grapevine" made plenty of money from his records, but he was also a free spender.


Gaye filed for bankruptcy and fell behind on alimony payments to his first wife, Anna Gordy Gaye. In 1976, a judge forced Gaye to pay his ex-wife $600,000 from royalties of his upcoming album, "Here, My Dear."


Gaye refused to make the court-ordered payments, and claimed his expenses exceeded his income even as he continued to spend money recklessly, purchasing luxury automobiles, boats, and beachfront properties.


Gaye moved to Europe in 1981 to avoid pressure from the IRS. Gaye was shot and killed by his father in 1984, and at the time, the 44-year-old Gaye still owed Anna $300,000 in back alim








Curt Schilling



Jeff Gross/Getty


Schilling was a successful pitcher who broke the Red Sox' World Series drought through sweat and blood. In his post-playing days, Schilling created a video-game studio to make one of his hobbies into a business.


Schilling put $50 million of his own money into 38 Studios and managed to secure $75 million in bonds from the state of Rhode Island. His business failed, and he was asked to pay back $2.5 million to Rhode Island even though he had gone through all his savings and his company was $120 million in debt.


The situation got worse for the former baseball player when he was fired from ESPN in 2016.




Burt Reynolds



Jack Plunkett/AP


"I've lost more money than is possible because I just haven't watched it," Reynolds told Vanity Fair. Starting with two bad ventures into chain restaurants during the '80s, Reynolds had a string of failed investments.


Meanwhile, the movie star was spending heavily on real estate, a private jet, 150 horses, and over $100,000 in toupees. After an expensive marriage to Loni Anderson, Reynolds experienced a costly divorce.


Because of large costs and dwindling income, Reynolds couldn't pay back a $3.7 million loan to CBS and declared bankruptcy in 1996 while he was $11.2 million in debt.




Meat Loaf


REUTERS/Arnd Wiegmann


Meat Loaf was a huge success in the late '70s, starring in the cult classic "Rocky Horror Picture Show" and releasing hit album "Bat Out of Hell." The '80s were less friendly to the singer of "Paradise by the Dashboard Light."


Meat Loaf told Guardian: "I had 45 lawsuits totaling $80million thrown at me, it was a game. And the only way to stop them playing their game was to declare a chapter 11 bankruptcy. Because every time we'd get one case dismissed, they'd throw another one at me. And everybody thinks I had all this money but I didn't, because CBS did not pay my royalties until 1997."


He turned things around in the '90s. As he would say, being successful in two out of three decades "Ain't Bad.




Willie Nelson



Amy Sussman/AP


Nelson is known as a country singer and marijuana-smoking icon, but he has also gotten into notable money problems. Nelson was avoiding federal taxes and the IRS came looking for a tax bill of $16.7million, including interest and penalty.


His lawyer negotiated the bill down to $6 million, but Nelson still couldn't pay up. In 1990, the IRS raided his home and seized nearly everything Nelson owned - including 20 properties and most of his instruments and music collection.


Nelson was forced to record "The IRS Tapes: Who'll Buy My Memories" and fans organized fundraisers for the down-on-his-luck musician.




Gary Coleman



Coleman was a childhood star, making $70,000 per episode of "Diff'rent Strokes" in the '80s. By the time Coleman had wrapped up saying "What you talkin' 'bout Willis?" he was 18, but his adopted parents had squandered all his earnings.


Coleman's hit sitcom ended in 1986, but he had trouble finding other work in Hollywood. He eventually won a settlement against his parents, but that was not enough to avoid bankruptcy in 1999.


After lawyers' fees and bad investments, the diminutive Coleman had to work as a security guard. At the time, he had $100 in cash.


Wayne Newton



Matt York/AP


Newton had a few hits in the '60s, but he made it big as a Las Vegas lounge singer and was even the highest-earning performer in 1983. By 1992, he was bankrupt and $20 million in debt.


Even though he made his way out of debt, Newton's money problems didn't stop there. The IRS sued him in 2005 for failing to pay $1.8 million on the sale of a house. Newton's property was seized in 2010 for failing to pay off a $3.35 million loan.


Financial issues and legal problemshave continued to plague Newton for the past 30 years.

















JANICE DICKINSON






One of the first supermodels ever to hit superstardom, Janice Dickinson has been at the center of attention since the 70s, when she appeared. You probably saw her sitting in the judging booth on American's Next Top Model, and her own reality show, The Janice Dickinson Modeling Agency. Imagine the paychecks from all those fashion shows

she did, and appearing on popular shows such as ANTM– Janice should have been stacked for the rest of her life.

But, nothing beautiful comes for free in real life. Janice's looks and style cost a lot of money; bills from plastic surgeons and dermatologists could make an average person homeless quickly. Add a large villa in Beverly Hills (1.4 million dollars), loads of very expensive clothes and a luxurious lifestyle, and you get a money-spending machine. As a "cherry on top", Janice hasn't paid attention to the IRS and bills kept piling up to a whopping $500,000 of debt.














  Toni Braxton







Bankruptcy is a sign that you're beaten to the ground, leveled. But, some people might use it as a tool to avoid massive taxes, bills and obligations. You know the song Unbreak My Heart? Toni Braxton is the author of this all-time classic. You'd think that she's a fragile person after you hear her sing about a broken heart and tears, wouldn't you?

Well, it turns out the singer loves to live the life of fraud and misguidance; she accumulated over 50 million dollars of debt by not paying taxes, bills or for services. On the big list of people she owes money to, there is AT&T, multiple healthcare providers, several hotels, jewelers from Tiffany and of course, the IRS. This woman filed for bankruptcy three times so far; 1998, 2010 and 2013. The last time she filed for bankruptcy is the most interesting one; Braxton bought a 3 million dollar mansion shortly after the bankruptcy filing.











GARY BUSEY






Do you remember this guy? Gary acted in more than 70 movies, earning himself a hefty sum with each release from Hollywood. And, when you take a look at him, he doesn’t seem like a person that would spend millions of dollars on cheap thrills and one night stands. If you’d assume that, you’d be right. The poor fella had some serious health problems, all caused by reckless driving in 1988 (yeah, it dates way back). With a big head injury and cancer, Busey went from rich to poor in an instant.



Huge medical bills came as a final nail in the coffin for Gary’s bankruptcy file, and the actor filed for it in February 2012. Since then, he started appearing in low budget movies, sitcoms and reality shows, laughing like crazy, trying to get more attention. His debts include court penalties, IRS bills, hospital bills and bank payment notices. His assets are estimated to be worth $50K, and his debts equal $1 million. We hope Gary will recover.







Wesley Snipes





If you love classic action movies, don’t read this one.

Wesley Snipes, the all-time favorite action movie performer from the 90s had tremendous success with many blockbusters. All was perfect for Mr. Snipes, except for one tiny problem – he bailed from tax obligations for more than six years. That’s the kind of trouble that no amount of martial arts will get you out of.

Unfortunately for all of us Snipes fans, that was not his only problem. He didn’t care about money and the way he spent it, so the accumulated debt grew bigger than his assets. That’s why he had to go to prison in 2010. Over an extended period of time, he was nowhere to be seen, and now that he’s back, he can’t get any more lucrative roles in blockbusters. Sorry Mr. Snipes, your days as an action hero are gone.







Stephen Baldwin


Here’s another story of a beloved actor going broke. We all know (or at least are familiar with) Stephen Baldwin, the youngest of the Baldwin brothers. We loved him in The Usual Suspects, and we were against him when he was against his daughter’s relationship with Justin Bieber. With a recognizable Baldwin face, and a bunch of movies on your resume, how is itpossible that you go broke?
Well, it’s simple – you just avoid paying taxes and credit card bills, for an extended period of time. Three years, to be precise. Stephen Baldwin was forced to file for bankruptcy protection in 2009 because his debts were bigger than $2 million. The latest news is that he managed to pay $400K (state taxes plus interest) to the creditors and now faces mortgage problems.



 Lady Gaga


Lady Gaga broke? Oh, come on! Nobody would expect that to be true. But, it turns out that there was a point in the singer’s life where she was broke completely. Funny thing to mention, she was broke during her 2009 Monster’s Ball tour. Some people have the guts to follow their dreams no matter what, and Gaga is the perfect example. At the time, she knew that the tour would be a massive success, but a lot of resources were needed for the extravagant performances she intended to have on the tour.
The record house didn’t back her up, so she invested every last dollar she had ($3 million) on the stage, the costumes, performers and light shows. During the tour, she was literally broke – zero dollars in the bank. But, the courage and determination paid off. After several incredible performances, Gaga received a check for 40 million dollars from the Live Nation. “It changed my life and the life of my whole family,” Gaga said in an interview. So, it was true after all; at one point in her career, Lady Gaga was penniless. Think about that for a minute.



 Pamela Anderson


Pam Anderson is a face that often gets media attention as a tax disobedient. We all know her from Baywatch, where she got ultra-popular. During her lucrative acting career, she enjoyed a luxurious lifestyle and spent money on properties and expensive cars while avoiding tax obligations. As it turns out, unpaid bills kept piling up, totaling to a sum of $2 million. Think about that when you’re in a financial rut – is it so daunting now?
What do you do when you’re deep in debt? If you’re Pamela Anderson, you just forget about it and keep shopping for expensive cars. She is on the list of the Top 500 Delinquent Taxpayers by California Franchise Tax Board. Her good looks won’t help her out of this debt. Her recent divorce to Rick Salomongot her a million dollars – a small “medicine” to treat her terrible financial situation.


Lena Headey



The notorious queen of Westeros and relentless Iron Throne ruler can’t handle money well. Who would have known? Lena Headey plays one of the lead roles in one of the biggest television shows on this planet, Game of Thrones. How in the world is it possible for her to be broke?2013 was a very rough year for Headey. She parted ways with Peter Loughran in a divorce which cost her a tremendous amount of money. Unfortunately, her paychecks from GoTdidn’t have the power to get her out of this one. Her big house in the Hollywood Hills had to be compensated to get her even, and that wasn’t enough, so she had to file for bankruptcy while battling for custody over her child. Poor Lena. Oh wait, GoT wasn’t that big during that time, so we’re certain her paychecks are way above the problems she had at that point. Still, it’s a fascinating fact, to be broke and star in Game of Thrones,



 Brendan Fraser


A guy with an unforgettable smile and charisma, a guy with great looks and acting skills, Brendan Fraserhad it all. Even though his career went a bit downhill recently (appearing only in low-class films), Brendan is still a household name and has a staggering resume in Hollywood. It would be nonsense to believe that he filed for bankruptcy in any way, wouldn’t it? It turns out that it won’t.
Fraser has a lot of alimony and child support to pay for each month (a whopping sum of $75K – wow, some people earn that much in a year). Fraser pleaded for poverty in court because he sustained a devastating back injury, which prevents him from working enough. So, he’s using the poverty ticket to get out of the ultra-high alimony bills he receives every month.



 Lindsay Lohan 


It doesn’t feel good to see a pretty face lose everything, but Lindsay Lohan had to pay the price of partying like a maniac for years. It looks like when you’re earning a lot of money by acting in movies, you don’t want to pay taxes and spend it all on cheap thrills, just like we mentioned in our intro. Lindsay is the perfect example of this. Her decadent lifestyle (with drugs and alcohol abuse) led to several health problems, several rehab sessions, and it definitely took its toll on Lindsay’s looks and career.
2012 was the year when the IRS took control of her funds so her debts could be paid. The debt amount was around $200K, and it turns out that it was just a small chunk of her liabilities. In 2013, Lohan had the chance to be sponsored by Oprah to make a series of interviews for her show, and that brought $2 million to her bank account. Unfortunately for her, the accumulated debt with interests grew to over $1.5 million.

 Chris Tucker


It looks like that good sense of humor comes with bad money management skills. When we say Chris Tucker, you probably think of the Rush Hour movie franchise. The actor earned around $65 million for the trilogy, alongside the title of one of the highest paid actors at the time. His debts, on the other hand, piled up from way back; Tucker evaded state tax for almost a whole decade, accumulating a debt of $14.5 million dollars. Of course, his assets and money in the bank are not enough to pay the debt.
“Poor accounting and business management” were the reasons for this enormous debt, his representative had stated. There are only speculations and rumors about this debt; no confirmed statements of Tucker’s splurging or problems. His two mansions in Hollywood and Miami had to be sold to repay a part of the debt, and the actor has reportedly reached a deal with the IRS. He’s trying to rebound by appearing on a comedy show on Netflix.


Sinbad



Born as David Adkins, the Michigan comedy prodigy got his breakthrough on a spin-off of the popular show, The Cosby Show. The lovable stand-up comedian reached his fame in the 90s with his own show, conveniently named The Sinbad Show.
In his prime, Sinbad bought a 10000m² beautiful home placed on top of a hill. However, in his 2013 interview with Oprah, he denied that he was living lavishly and that he used the money to help others as well as himself.
The former comedian filed for bankruptcy two times, owing $11 million at a certain point. That’s a lot of unpaid taxes, and even the splendid hilltop home he sold didn’t repay that. On the bright side, David Atkins has managed to score a gig or two and still has his lovely family. More than you can say about certain Hollywood stars.


Michael Vick



The first overall pick for the Atlanta Falcons in 2001, Michael Vick is actually the first African-American quarterback to be picked as a first overall in the history of NFL drafts. Michael led his team to the playoffs twice.
Having received wide popularity because of his plays on the field, Vick soon became obsessed with his carefree lifestyle.

The proverbial rock bottom for Michael Vick was in 2007, when he was found guilty of operating a dogfighting ring. Even though he claimed that it had nothing to do with animal cruelty, it cost him almost everything. After nearly two years in prison, Vick filed for bankruptcy mainly because of unpaid legal fees. Michael Vick has rebounded quite successfully as he was NFL Comeback Player of the Year (2010).



 Warren Sapp



Hall of Fame member and an NFL 2002 Super Bowl champion, the defensive tackle from Florida has dominated the field known for his aggressive style and commitment. One of the best defensive players ever, Sapp was elected seven times to Pro Bowl squad. A bad boy on and off the field, he had several verbal incidents and was even expelled from the field because of unsportsmanlike conduct. Sapp was a huge spender and rarely took a look at price tags before making purchases.

Sapp’s spending lifestyle and a failed business attempt led to him filing for bankruptcy in 2012. Owing a lot in taxes and almost a million in alimony, Sapp had to sell everything including his huge house in Windermere, that was sold for $2.9 million. His total amount in assets amounted to $6.45 million, but his debt was over $6.7 million. He managed to pull out and after having his jersey (number 99, Tampa Bay Buccaneers) retired in 2013, he went on to become an analyst for the NFL Network.




















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