A Famous Comedian Actor Lost His Fortune – Chris Tucker
Chris Tucker is an American actor and stand-up comedian best known for his role as Detective James Carter on the hit action comedy film series “Rush Hour” with Jackie Chan as a co-star. He was once one of the highest paid Hollywood actors but as we know, life is as unpredictable as it gets. Unfortunately for Tucker, he had to face a huge setback completely unprepared.
Starring on a main role in a hit movie would make you think that he should be swimming in money by now, but as surprising as it is he encountered some problems. According to buzz around, his net worth possibly dropping to an estimated $-11.5 million. That’s a NEGATIVE eleven and a half million dollars. Now allow me to share you an insight on the incidents which lead to that.
The Rush Hour movie series, due to its success which generated $244 million worldwide in 1998, had two sequels where the actor took full advantage of the pilot movie’s fame and made demands with regards to his salary on the two sequels. Tucker demanded a $20 million salary for the filming of 2001’s Rush Hour 2 and $25 million for the third part which is 2007’s Rush Hour 3. Aside from this, he also received 20% of the gross from Rush Hour 3.
Observing the release dates of his movies, we can tell that there is a huge gap between them and it’s a fact that Chris Tucker didn’t make any other movies during this period. According to media sources, Tucker opted to step out of the limelight and rejected any other movie offers. Although we don’t know the full reason behind this, some speculate that Tucker thought he scored an early retirement from the money he previously earned, that was until the incident.
Now what was the incident exactly? The Internal Revenue Service (IRS) is the U.S. government agency responsible for the collection of taxes and the enforcement of tax related laws. According to his representative, there has been an issue with the agency regarding Tucker’s taxes which was a product of poor accounting and business management. This resulted to Tucker owing the IRS a debt of $14 million according to the representative.
In an interview, Chris places the blame solely on his financial management team. Apparently on his time off from show business, Tucker made various bad investments that were unspecified in the reports with the influence of his financial adviser who also failed to provide sufficient assistance on making sure his tax duties were paid right. Really shows how important it is to choose the right people to trust.
Before making any sort of investment, it is vital to do your own research and study the trade instead of entrusting your finances to somebody else. Take his mistake as a lesson and be responsible in monitoring your money. Having a good financial adviser or a financial management team can be advantageous, but it’s a matter of finding the right people and even if you do find them make it a point to learn about the things you’re getting in to prevent any major losses.
On a desperate attempt to earn money to bay back his dues Tucker went back to being a comedian but with him stepping out of the comedy scene for too long, his skits were out of touch so he couldn’t land much gigs, which lead to him begging Jackie Chan to do Rush Hour 4.
Chris was satisfied with his wealth and didn’t think that he would be needing a back up plan. May his story serve as a cautionary tale for us folks. Even if we think that we finally achieved success, in a moment ay maaaring mawala sa atin ang lahat kaya dapat ay palagi tayong handa sa lahat ng pusibleng mangyare.If you will depend on one source of income without having an emergency fund, you might end up losing everything. Never let yourself become too confident.
It’s better to invest your assets on different trees and let them grow individually, so that if one tree falls, the others can still support your needs. You can learn more about smart money handling on my e-book. Download your free copy now!
Here’s to your success!