While it can often seem like celebrities have enough money to last forever, this isn’t always the case. Bad financial decisions and reckless spending habits can lead to a lifetime of financial problems. Here are 5 celebrities that gambled their way into serious debt.
While Sheen is known more for his huge public breakdown a few years ago, he has also had some major gambling issues. According to documents from his divorce from Denise Richards in 2006, Sheen was spending $200,000 a week on sports betting.
Milch is a 4-time Emmy award winning producer and has worked on several popular shows. He made a ton of money throughout his career, but sadly gambled most of it away. From 2000 to 2011, it’s reported that he lost about $25 million to his gambling problem.
While Barkley has rebounded to become a successful TV analyst, the former NBA star has a noted history of gambling problems. He says himself he has lost over $10 million to casinos in his life, including losing over $2 million in one single night of blackjack.
Knight was once known as the “Empress of Soul” and recorded hit songs back in the 1960s and 70s. However, she was hiding a massive gambling addiction throughout her career and after her retirement. She was reportedly spending about $40,000 a night on table games.
Ben Affleck loves to play both poker and blackjack religiously. He has had some big wins, but also some huge losses. He once lost $400,000 on a single hand and in 2001 decided to check himself into rehab for his gambling issues. On top of that Affleck has also been banned from several casinos.
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