Its appears that with fame and fortune comes financial stupidity. Over the last few years we've seen a number of celebrities claiming they are broke or going broke for one reason or other.

Just recently Nicolas Cage is facing IRS audits, fines and maybe imprisonment due to a $6 million tax debt. A year or so ago Wesley Snipes was convicted of tax evasion claiming his accountant assured him he didn't have to pay taxes on some income.

Pamela Anderson hasn't had a quality TV show, movie or model appearance in quite sometime yet still lives the wealthy life style. Going broke? Sure she is if you consider she may have to sell off a million dollar home and move into something cheaper, like a $9 hundred thousand home. Who knows maybe she'll even sell some of her expensive jewelry and other items she owns so she can afford more.
Source(s):
http://uk.news.yahoo.com/5/20091009/twl-nicolas-cage-s-6m-debt-catches-up-w...
http://www.cnn.com/2008/CRIME/04/24/snipes.sentencing/

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So it seems as if she is in a 1.2 million dollar debt and the reason for the debt is because of her remodeling her condo...Ugh I would never put myself in debt if I have a nice home already...Providing a link to the full story on her being broke
Source(s):
http://2.bp.blogspot.com/_RCgdGFB1QhM/SnrntpmnEoI/AAAAAAAADYI/4CNahlcCEeU/s...

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