Reality TV Stars with Real Financial Problems

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Posted on 02/10/2011

They may win loads of cash or live in fancy houses, but that doesn’t mean that reality stars don’t have their own share of financial trouble. In fact lately it seems like they may have more of it. Here is a rundown of some of the reality TV stars with real financial problems.

Richard Hatch
Richard Hatch was the first person to win Survivor, taking home a million dollar prize. But he also landed in hot water with the IRS. He spent more than three years behind bars for tax evasion and according to recent reports, still owes $1.7 million in back taxes. He will be appearing in Celebrity Apprentice which premiers in March so maybe he’ll land a job with Trump and work his way out of debt.

Teresa Giudice
We’ve watched Real Housewife of New Jersey Teresa Giudice go on shopping spree after shopping spree and it turns out she was spending money she doesn’t have. Last summer Teresa and her hubby Joe filed bankruptcy papers and revealed that they owe about $11 million in various debts. According to PopEater they’ve defaulted on their Escalade, lost two vacation properties and owe $12,000 to a fertility clinic.

Sonja Tremont-Morgan
Real Housewife of New York Sonja Tremont-Morgan recently filed for bankruptcy according to the Huffington Post. The socialite’s paperwork said she had nearly $20 million in debt and just $13.5 million in assets.

Stephen Baldwin
The actor-turned-reality star on “I’m a Celebrity Get Me Out of Here” is in deep debt. According to the Wall Street Journal, actor Stephen Baldwin and his wife filed for bankruptcy protection because they owe two mortgages, nearly three-quarters of a million in taxes and about $70,000 in credit card debt.

Perez Hilton
He may not be a reality star, but he sure writes about a lot of them. Perez Hilton filed for bankruptcy in 2005, according to the New York Daily News.

Toni Braxton
In Toni Braxton’s case the bankruptcy came before the reality show. The Grammy award winner filed for bankruptcy last fall saying she owed nearly $400,000 in taxes. Her reality show, “Braxton Family Values,” debuts on WE in April according to FOX.


By Alison Storm

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