Celebrities' most costly money mistakes

Celebrities who made money mistakes

They might be great in front of the camera and on the red carpet, but celebrities aren't always so skilled with money.

So which stars have made the biggest mistakes with their sizable earnings? Take a look at the list below to find out!


Teresa and Joe Giudice

The Real Housewives of New Jersey stars infamously admitted multiple counts of fraud, after building up a cool $13 million (£10.4 million) in debt. Teresa has already served 11 months in prison while Joe is currently serving his 41 month sentence.

Martha Stewart

The lifestyle queen famously served five months in prison for lying to investigators about insider trading in 2004.

Lindsey Lohan

The IRS (Inland Revenue Service) came after the actress in 2012 for unpaid taxes in 2009 and 2010 which totalled $140,203.30 (£112,848).

Britney Spears

Then there's the big overspending mistakes.This popstar once revealed she had spent almost $38,000 (£30,585) on pet care and $68,000 on pampering herself in 2015.

11 PHOTOS
Celebrities who fell foul of the tax system
See Gallery
Celebrities who fell foul of the tax system

She may have won five Grammys and sold more than 19 million copies of her solo album, but that didn't save her from being jailed for failure to pay her taxes. She was sentenced to three months in jail, then three months confined to her home, for failing to pay tax on £1.2 of earnings between 2005 and 2007.

Hill told the court that she had meant to pay the taxes, but she had withdrawn from public life in order to raise her six children, so had been unable to pay the tax bill. She has since paid the money back, but must still spend three months at Danbury open prison.

Dolce and Gabanna were given jail sentences in June for failing to declare 1 billion euros of income. They were sentenced to a year and eight months in jail, but said they would appeal.

Heidi Fleiss was sentenced in 1997 to seven years in prison for failing to pay tax on profits from the prostitution ring she ran. She eventually served 20 months in jail, and 10 months in a halfway house - and was released in 1999.

Judy Garland was wrong-footed by a tax bill in 1967, she had her home repossessed by the IRS and was forced to live in a hotel. She died two years later.

Richard Hatch is a relatively minor celebrity, but makes the list for sheer stupidity. He was the first winner of Survivor, and its £1 million prize, but failed to declare it to the tax man. He was sentenced to jail and home confinement for more than three years.

The rapper and actor admitted he hadn't paid tax on his earnings between 2004 and 2006. He was ordered to repay $1 million and spend two years in prison. He is actually serving it concurrently with a New York sentence for possession of a weapon.

Lester Piggott was sentenced to three years in jail in 1997, after failing to declare income to the taxman. At the time it was thought to be Britain's longest-ever sentence for personal tax fraud.

Richard Pryor served 10 days in jail in 1974 for failing to pay his taxes. He told the judge that he had simply forgotten about it.

Wesley Snipes owed an impressive $17 million in tax after failing to file returns from 1999 to 2004, and was jailed for three years. On release he still had to pay the cash back.

Sophia Loren was sentenced to 30 days in prison in 1982 for failing to pay tax. She served 17 days in a Naples jail.

Nicholas Cage was never given any jail time, but after failing to pay his taxes, he was ordered to pay more than $14 million in back tax and charges. He blamed his ex-manager and accountant, and has been selling his assets to pay the taxman back.

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE
Read Full Story

FROM OUR PARTNERS