Supermodel Janice Dickinson files for bankruptcy

Once a supermodel, 58-year-old Janice Dickinson is now filing for bankruptcy having racked up a cool $1m in tax debts to the US government and plastic surgeons.

Court documents shows Dickinson owes around half a million to the US tax coffers plus sums to a Beverley Hills dermatologist and Anti-Aging Centre. How did it all go so wrong?

Ugly tax trouble

Three-times married Dickinson was a successful model - she went onto to be a member of John Casablancas's Elite agency - through the 1970s and 1980s, managing to continue earning well with four cycles on reality TV Show America's Next Top Model, helped by her sharp tongue. But a mixture of tax and personal debts caught up with her.

"I am upset and taking every step to pay everyone back and I feel terrible about it," Dickinson reportedly told Radar Online. Dickinson's volatile temprament has a habit of making her enemies. Dickinson claimed Tyra Banks was soulless, heartless and cold; she also labelled Vogue editor Anna Wintour a fake.

Part of the earning problem for Dickinson though is that she never converted her modelling success into subtantial brand earning power (compared with the likes of Victoria Beckham).

Starry run-ins

Dickinson - she had more than 30 Vogue covers to her credit - joins a list of other stars whose finances have caught up with them. Last year CSI actor Gary Dourdan - he played analyst Warrick Brown - filed for bankruptcy. Earlier this year actress and singer Martine McCutcheon - McCutcheon played Tiffany Mitchell in Eastenders and starred alongside Hugh Grant in Love Actually - also declared she was broke.

Last summer Shane Filan, Westlife boy band star was declared bankrupt at 32, just a matter of days after Westlife signalled their disbanding with a goodbye concert in Dublin. The popstar revealed debts of up to £18 million.

However Filan relaunched his solo career recently with a new record deal; it's thought a new album, being recorded in Nashville, will be released at the end of this year.

Forbes rich list: the world's top ten billionaires
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Supermodel Janice Dickinson files for bankruptcy

The Mexican self-made telecoms mogul tops the rich list with a wealth that, as Forbes reports, if it were a country would be the eighth richest in Latin America.

Dubbed the world's most generous person, Bill Gates made his fortune as the brains behind Microsoft and has reportedly already donated $28 billion of his wealth to charity so far.

Spanish billionaire Ortega is the man behind the clothes brand Zara and is this year's biggest rich list gainer, making $19.5 billion last year and moving him into third position.

Buffett made his billions as CEO, primary shareholder and chairman of Berkshire Hathaway, A diversified company with interest in GEICO, life insurance, annuity sales and sales of jewellery. He recently signed a lucrative deal to acquire Heinz Ketchup.

Ellison founded Oracle Corporation, a leading enterprise software company. He's America's third richest man and Forbes has reported that he recently bought 98% of the Hawaiian island of Lanai from David Murdock for a reported sum of $500 million.

Koch built his fortune on chemicals and refining and shares the sixth position on the rich list with his billionaire brother, David Koch.

Tied sixth in the rich list with his elder brother Charles, David runs the chemical equipment side of Koch Industries from his New York home.

This self-made billionaire is Asia's richest man and currently supplies a quarter of British people with gas after acquiring British gas supplier Wales & West Utilities for $1 billion last October.

The only woman in the top ten, Bettencourt's father founded L'Oreal and now she and her family own 30% of the French cosmetics super brand.

Branded by Forbes as the 'World's most influential tastemaker' Arnault owns the luxury goods powerhouse LVHM, Moet Hennessy - Luis Vuitton.


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