The Mistakes Charlie Sheen Has Made that Made Him Lose All His Millions
All of us love reading success stories whereby a person starts from nothing and, with consistent hard work and a little bit of luck, ends up becoming a millionaire. We get to hear many such stories coming out of Hollywood and find a lot of motivation in the way certain famous Hollywood personalities defied all odds to emerge as the very best in their profession.
But we seldom focus on those who fall from grace, those who end up losing all of that fame and fortune. One such story is that of Charlie Sheen, the actor who made the world laugh with his performances on the TV show Two and a Half Men and many other credited roles.
Apparently, all that fame was too much for Sheen to handle, and he developed an addiction to substances including alcohol, which has made him very infamous around the world. This infamy has obviously had a drastic impact on his finances, and reportedly the actor was on the brink of losing his own house.
According to reports, a total of $86K is owed by Sheen to the authorities for the mortgage payments that are outstanding against his luxurious mansion located in Beverly Hills. This seven bedrooms and bathrooms mansion, as of February 2019, has reportedly been entered into the pre-foreclosure state by the lender of the mortgage.
It has also been reported that Sheen had signed a check back in January 2019 to cover up the payments he had missed, while simultaneously having listed the mansion at a price of around $8.5 million since the past many months.
You must be wondering how an actor, who was once reportedly worth an estimated $150 million, has ended up having to sell his house to fulfill mortgage obligations of less than a hundred thousand dollars. When he was still working on Two and a Half Men, Sheen was being paid an approximate $1.8 million for every episode, the highest that any TV actor was bringing home at that time.
With great power comes great responsibility, and unfortunately Sheen was not the most responsible person after becoming so rich and successful. Back in 2011, due to his unacceptable behavior, Sheen was ultimately fired from the show, although that is not the official reason given by the studio to terminate his contract.
A Downward Spiral
Although Sheen said he was glad to have been fired and continued showing that confidence on many talk shows as well, bragging about his drug addiction as well, the fact that he was no longer earning the same level of income yet continued living an expensive lifestyle naturally started to take a toll on his savings.
His personal expenses included the payments of $110K that he had to make every month to his two ex-wives, which was reduced after September 2016 when Sheen appealed to have them reduced considering his dwindling finance.
However, $500K still goes out in child support on an annual basis. All this, on top of the many professional women he hired for intimacy, has resulted in Sheen spending away all of his money in just a few years.
More in Financial Adviser
Jeff Bezos Might be a Multi-Billionaire, But He Refuses to Spend Because of This Surprising Reason
When you think about all that you would want to do if you had a billion dollars, we bet your list...June 25, 2019
Star Wars’ JJ Abrams Offered a $500-Million Production Deal by This Tech Giant
Mission: Impossible, Star Wars, Star Trek. What do all of these films have in common besides the fact they are the best...June 24, 2019
Looking for a New Renovation Project? Ikea is Recreating Rooms from Your Favorite TV Shows
IKEA has been the leading provider of strong, durable, and innovative appliances, furniture, and home products over the years. As its popularity grows, the prestigious...June 22, 2019
Sophie Turner Has a Reported $6-Million Net Worth: Here’s How She Rakes in the Moolah
HBO’s hit George R.R. Martin-based series “Game of Thrones” will come to a finality, which means fans will be left reeling....June 22, 2019
Private Jets, Bulletproof Panels and Secret Passages: What It Really Takes to Protect These Tech Billionaires
We’ve all heard that great power brings great responsibility, but sometimes it can also bring a serious threat to your life — especially...June 22, 2019
At 22, You Won’t Believe ‘Game of Thrones’ Star Maisie Williams’ Net Worth
“Game of Thrones” has ended and it may have left a sour taste in some fans’ mouths but we can all...June 22, 2019
Here’s Why Monaco’s Luxurious Prison is Most Likely Better than Your House
We bet if we ask you about imagining a prison, your response would most likely describe a dimly-lit structure with no...June 22, 2019
Wendy Williams Delivers a Shocker By Choosing Not to Blame Husband in Divorce Filing
Although it seemed like everything was going fine in the world of Wendy Williams, a piece of shocking news surfaced just...June 22, 2019
Why Floyd Mayweather Fully Deserves to Show Off His Multi-Million Dollar Private Jet
When you are an extremely wealthy person, the world finds out about you one way or another. However, thanks to the...June 22, 2019