Celebrities seem to have everything, fame, money and a charming lifestyle. Of course, the most important thing is that they can call Hollywood home. For most fans, the lives of these celebrities are so interesting because they can do whatever they want and still look beautiful. But although the grass always looks greener to celebrities, the sad reality is that they are still human. With all the charm, flashlights and record-breaking salary, things will still fall apart.
Just like the rest of us, famous people made costly mistakes that caused them to lose their hard-won wealth. It just shows us that Stellar may also suffer from debt, drugs and doom.
Joe Louis, aka “The Brown Bomber,” was one of the greatest American professional boxers. Joe Louis was so talented that he’s considered the finest heavyweight champion to ever live in the history of boxing. However, while Louis made millions from his fame and performance in the ring, he left little behind.
Louis was a generous man and after splitting his winnings with his handlers, he lavishly gifted it to relatives, friends, and spent the spare on poor investments. Estimates indicate that out of the $4.7 million he ever made boxing, he only ended up with about $800,000, a small sum that he still gave away. After retirement, Louis even worked as a greeter at Caesar’s Palace in Las Vegas to earn some extra cash.
Like other celebrities, Joe Louis’ woes were made worse by his debts to the IRS that rose to the tune of $1 million. Louis’ woes were so severe that his rival Max Schmeling and Frank Lucas, a mobster, joined hands to assist him. In the end, ‘The Brown Bomber’ died a humble man who did not enjoy the toils of his youth.