Just heard on radio that he was “tens of millions in debt” what up with that I wonder...
*****Just heard on radio that he was “tens of millions in debt” what up with that I wonder...****
He has been trying to sell his $30 million home for years.
Apparently, his second divorce cleaned him out; Williams put a huge estate in Napa Valley on the market earlier this year, but I don’t think he ever found a buyer. Asking price was just under $30 million.
At the same time, he was getting fewer movie roles—and much smaller paychecks—than in his heyday. When he had signed on (and already completed his role) in “Night at the Museum #3,” I knew he was less worried about the work and more concerned about cash flow. It’s been reported that the main reason he took his last TV series (”The Crazy Ones”) was for the paycheck. But when you’re in that kind of financial hole, even $200-300,000 a week won’t make much of a dent.
Sadly, this happens all the time in Hollywood. Someone hits it really big and they acquire the lifestyle to goes with being a star. Unfortunately, they don’t save enough money and when their career takes a downturn, the former star refuses to down-size their lifestyle. Most wind up in bankruptcy court; a few decide to cash in their chips.