10 Celebrity Millionaires Who Lost It All

5. Burt Reynolds

Just because you are movie star (or were a movie star) that does not mean you are immune to the housing crash. Reynolds' Florida home was foreclosed on in 2011 claiming he owed $1.2 million on the house and hadn't paid his mortgage in a year. This recent foreclosure is not the first time Reynolds has had money woes. He had an acrimonious divorce with Loni Anderson when claims of abuse and cheating began to surface. But, of course, money was a big issue. During the divorce proceedings, it became clear Reynolds was tapped out. $10 million in debt to be exact. Classic celebrity debt trifecta: investing in restaurants, not being a box office draw, and a bad divorce.
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Sarah Frantz hasn't written a bio just yet, but if they had... it would appear here.