Comedian Chris Tucker's Money Woes Aren't Funny or Cool

In further proof that stars are kind of dumb about money, it looks like Chris Tucker, the famous comedian and movie star is about to have his Florida home foreclosed. How is it that people who make so much can be so incredibly dumb about their money?

Tucker bought the 10,000-square-foot lakefront home for $6 million in 2007. This was all before the housing market tanked. Now, the bank says he still owes more than $4.4 million, but the home is said to be worth just $1.6 million.

Tucker is best known for the three Rush Hour films he did with Jackie Chan, but he also did other films, including The Fifth Element. In other words, money should not be so dang tight!

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It really does seem like certain people can take a $50,000 salary and make it work for a family of four comfortably and others can make 200K and still go deep into credit card debt. One has to be realistic about what they make, what they can invest and how long they can make it.

Not having a good financial planner is a huge celebrity mistake and my guess is Tucker just did not think about it. Or maybe he just wants to unload a bad real estate mistake. Either way, foreclosure is not the way to go.

Last year, Tucker was faced with an $11 million tax bill after allegedly falling behind on fees in 2001, 2002 and 2004 through to 2006. Ouch.

Tucker better make some movies quick or he is going to end up like MC Hammer or worse -- like the homeless dude shuffling down the street and mumbling how he used to be famous.

In all seriousness, it is sort of difficult to feel sorry for celebrities who dig their own graves this way. Tucker could have been set for life. Instead he is on his way to bankruptcy.

Does this annoy you, too?

 

Image via taberandrew/Flickr

 

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