Burt Reynolds was a big movie star in the ’60s, ’70s, and ’80s, but was forced to declare bankruptcy in the ’90s.
“I’ve lost more money than is possible because I just haven’t watched it,” Reynolds told Vanity Fair in 2015.
The movie star spent heavily on real estate, a private jet, 150 horses, and over $100,000 in toupees in the ’80s, according to the Vanity Fair profile. After an expensive marriage to Loni Anderson, Reynolds experienced an expensive divorce.
Due to large costs and dwindling income, Reynolds couldn’t pay back a $3.7 million loan to CBS and declared bankruptcy in 1996 while he was over $10 million in debt.
A year later in 1997, Reynolds earned accolades for his role in the hit film “Boogie Nights.” Reynolds died, still making movies, in September 2018.
