8 of the Worst Financial Scandals in the World

With this post, we’re going to delve in to the history books. There’s been plenty of financial scandals in the past so it should come as no surprise to people when there are new ones unearthed as the banks, financial institutions and people in high places have a reputation for being somewhat shifty when it comes to personal gain.

The following financial scams, collapses and scandals range from modern day right the way back to the 1700s so there’s a lot to take in.

Here at Stanton Fisher, we know that there are a number of banks in the country that have benefitted from you, the general public and that’s why we’re trying to make things right by helping you claim back the money that you’re owed from being mis-sold PPI, which is one of the biggest financial scandals of recent times.

The Panic of 1792

This one goes back to 1791 when George Washington signed a charter which created the Bank of the United States, a precursor to the Federal Reserve.

During the initial public offering, investors aggressively bought shares in the bank which, as you probably guessed, caused them to soar in value.

William Duer, a speculator and signer of the Article of Confederation, attempted to corner the marker by buying all the available shares with borrowed money. Then came the punch, he attempted to start a rival bank by using the shares as collateral but he overextended himself which forced the liquidation of his holdings and sending share prices plummeting.

Subsequently, William Duer lost absolutely everything and found himself thrown in debtors’ prison where he eventually died seven years later. The actions of William Duer caused what is considered to be the first ever financial crash in the United States and it prompted securities dealers to enter into the Buttonwood Agreement which created the first exchange for buying and selling securities, or as we know it now, the stock market.

The Ponzi Scheme

Moving on a little bit from 1792, in 1918 Charles Ponzi came up with an idea to buy and sell international reply coupons, which due to high inflation, could be bought cheaply in his home country of Ital and sold for a profit in the US.

Ponzi formed an “investment company” with promises of 400% returns in order to expand his still legitimate scheme. The public dumped millions of dollars into his company but soon the coupons were forgotten about.

Initially, early investors were paid off with the money received from new investors until the authorities uncovered the fraud, shut it down and sent Ponzi to prison.

This was certainly not the first scheme of its kind however it’s the most popular one and by far the largest one of its time losing the investors a grand total of $200 million.

Hitler Defaults

The Treaty of Versailles ended WWI in 1919 and it obligated Germany to pay reparations which it did by issuing bonds. By the time Hitler was in power in 1933, most of those bonds ended up on Wall Street and servicing them was crushing the German economy.

In order to be able to build his own war machine, Hitler was looking to free up funds so he sent his top banker Hjalmar Schacht to the White House to discuss refinancing the bonds. President Roosevelt listened intently then asked who owns the bonds to which Schacht replied saying “Mostly Republican bankers” to which Roosevelt replied saying that it serves them right.

Three weeks later Hitler renounced all foreign debt and the bonds, which totalled $600 billion in today’s US dollars, became worthless almost overnight. In 1953, West Germany agreed to service the debt obligation of these bonds and made the final interest payment in 2010, 92 years after they were issued.

Barings Bank Collapse

In 1995, Nick Leeson the head derivatives trader for Barings’ Singapore operation, began to conceal his losing trades in a secret account. He was able to do this because he was also in charge of auditing and reporting all trading activity.

As his losses piled up, Leeson took on riskier trades which were unknown to his superiors in London in order to try and make back the money that he’d lost. However, things went from bad to worse as he lost more than £845m which was more than twice Barings’ total available capital which led to the bank collapsing and, unsurprisingly, landed Leeson in jail.

Never before this incident in the mid-nineties, or since this incident has any one individual been able to destroy a major financial institution like Barings. They had been in business for 238 years and they even counted Queen Elizabeth as a client at the time of their fall from grace.

The Enron Bankruptcy

Enron was named “America’s Most Innovative Company” six years in a row by Fortune magazine and they were a major energy player with revenues of $101 billion in 2000. It turns out that most of that revenue was in fact “planned accounting fraud” which created “limited liability special purpose entities” which is where the company hid its liabilities.

It was a whistle blower that led to the downfall or Enron. They revealed Enron’s deception to the authorities and following this, the stock dropped from a high of $90 to just a few pennies.

Authorities struck a plea deal with Andrew Fastow CFO to testify against CEO Jeffrey Skilling and founder Ken Lay, both of whom were convicted of securities and wire fraud and got sent to prison.

The Enron bankruptcy was the largest in US history at the time, but more importantly, was the most shocking example of planned accounting fraud ever seen.

The UK Banking Collapse

This is one that all of the UK will remember if they were old enough to realise what was going on around them.

The crash started in 2007 with Northern Rock having borrowed huge amounts of money in order to fund mortgages for their customers and they needed to pay off this debt by reselling the mortgages in the international capital markets.

The thing that hurt Northern Rock was the fact that demand for securitised mortgages had fallen and they faced a liquidity crisis and needed a load from the Government sparking fears that they will soon go bankrupt which led to customers queuing to withdraw their savings and it was the first run on a British bank for 150 years.

Following this was two failed private takeover bids which led Alistair Darling to nationalise Northern Rock in what he claims is a temporary measure but only 4 years later did Northern Rock return to the private sector.

There were many more twists and turns in this scenario including the UK’s largest mortgage lenders, HBOS, being rescued by Lloyds TSB after a huge drop in their share price. For more information on the credit crunch, check out this timeline.

PPI Scandal

This all unfolded when Lloyds announced in May 2011 that they were setting aside £3.2bn in order to compensate customers who were mis-sold payment protection insurance. This is what kick-started and exposed the full extent of a scandal that dated back more than a decade.

The initial PPI mis-selling scandal bill was expected to be £4.5bn but as of March this year, it was said to have topped £24bn.

The charge sheet against those guilty of mis-selling PPI, which was the vast majority of lenders, banks, building societies and so on claimed that PPI was…

  • Expensive – Premiums often added 20% to the cost of a loan and in the worst cases seen, over 50%.
  • Ineffective – Structured to limit the chances of a pay out to someone who was genuinely ill.
  • Mis-sold – They were generally mis-sold to customers without their knowledge, or they were sold as “essential”, or sold to people such as the self-employed who would never be able to claim.
  • Inefficient – Anyone who did actually claim would face a lengthy delay or a complicated claims procedure.

For more information about the PPI mis-selling scandal, check out this post here.

Tesco Scandal

In 2014, Tesco, the UK’s biggest supermarket chain had to delay their half-yearly financials after admitting first half profits were overestimated by £250m.

They suspended their head of UK business and called in independent accountants and lawyers to investigate what had been going on after the discovery of overstated first-half profits.

On August 29th, 2014, Tesco told investors to expect profits of around £1.1bn for the six months to August 23rd which would be down from £1.6bn the year previous, however the discovery of the overstatement of revenue paid to Tesco by its suppliers means that the supermarkets profits for the first-half were down almost half to around £850m.

For more information on the whole of the Tesco scandal, this article has everything you need to know.

10 Most Expensive Foods on the Planet

Do you class yourself a bit of a foodie? Think you know all there is to know about food and tried all there is to try? Well, maybe not, as we doubt you will have the budget to try some of the items on this list. Take a look at the 10 most expensive foods on the planet…

1. Strawberries Arnaud – £2.5 Million

Strawberries Arnaud

image via www.hellotravel.com

There’s a reason why Strawberries Arnaud is so expensive – and that’s because on top of offering strawberries and a marinade of citrus, spices, red wine, port and vanilla ice cream, it also includes a 7.09 karat pink diamond ring. The dish was created by Arnaud’s in New Orleans as the perfect proposal package for £2.5 million.

2. Italian White Alba Truffle – £102,000

Italian White Alba Truffle

image via www.luxuo.com

Truffles are incredibly difficult to cultivate, which explains their expensive price tag. One of the most expensive truffles in the world has to be the Italian White Alba Truffle – as a giant truffle was sold to a Hong Kong businessman for $160,406 USD, so it is the most expensive truffle sale ever!

3. Beluga Caviar – £24,000

Beluga Caviar

image via fotowasp.com

Top hotels are offering beluga caviar that’s worth an incredible £24,000 for a 1.8 kilo tin. So, it is not only the most expensive caviar in the world, but it is one of the most expensive foods in the world. The reason it is so expensive is that customers have to wait 12 years until a beluga is ready to produce the eggs – and so you’re paying for the time, and not necessarily the taste.

4. Lindeth Howe Country House Hotel Pudding – £22,000

Lindeth Howe Country House Hotel Pudding

image via xplorables.com

If you want to try the world’s most expensive dessert, look no further than Lindeth Howe Country House Hotel – which is the former home of Beatrix Potter. The Lake District hotel offers the pudding for an incredible £22,000 – and it was created by Chef Marc Guibert.

Why is it so expensive? That’s because it is made up from gold leaf, champagne, caviar and a 2 karat diamond. So yeah, it’s pretty luxurious! You will, however, have to order the pudding two weeks in advance.

5. Almas Caviar – £16,000

Almas Caviar

image via universeofluxury.com

The only place in the world that sells Almas Caviar is in Caviar House & Prunier in Picadilly, London, which retails for over £16,000 per kilo. The Iranian caviar is the epitome of luxury, sold in a 24 karat gold tin. However, if you’re a bit strapped for cash, you can always buy a smaller tin that retails for £800.

6. Yubari Melons – £14,500

Yubari melon

image via www.bornrich.com

The most expensive melon in the world is the Yubari melon, as a pair was sold at a 2008 auction for a massive £14,500. The two melons sold were judged the bets in the world, and were purchased by a local seafood and souvenir business.

7. Pink Bite Burger – £4,400

Pink Bite Burger

image via whatson.ae

Who doesn’t love a good burger? Well, you might not love your bank balance if you purchase the Pink Bite Burger at Pink Caravan, Galleries Lafayette, in Dubai Mall. It is the most expensive burger in the world, selling at AED 25,960 (that’s approximately £4,400 to us Brits).

The Pink Bite Burger was created by a team competing in a Pink Caravan competition to create a burger that raised awareness for breast cancer. Burgers from three teams were sold off at auction, but it was the Pink Bite Burger that secured the title of the most expensive burger ever. What’s even more remarkable is that the burger doesn’t include any luxurious ingredients, unlike many of the other foods on this list.

8. Dansuke Melon – £3,900

Dansuke melon

image via www.tokyotimes.com

Who knew melons could be so expensive, right? The seventh most expensive food in the world belongs to the 17-pound Dansuke watermelon. In Japan, watermelons are somewhat of a commodity, and so they are often presented as a luxurious gift. The black watermelon was grown on a northern Japanese island known as Hokkaido, and there were only 65 of the fruits in the first season – which is why it’s worth over £3,900!

9. Pizza Royale 007 – £2,600

Pizza Royale 007

image via www.alwaysfoodie.com

Tired of a plain margarita pizza? Sick of pepperoni? Maybe it’s time you opted for new toppings such as Scottish smoked salmon, venison medallions, prosciutto, vintage balsamic vinegar, caviar soaked in champagne and lobster marinated in cognac, then. Bear in mind, this will probably set you back about £2,600, if the Pizza Royale 007 is anything to go by. The 12 inch pizza pie features some of the most expensive food items on the planet, and it even has a fair share of edible 24-carat gold flakes on top. Pizza Hut, anyone?

10. Wagyu Steak – £1,800

craftsteak wagyu steak

image via www.refinedguy.com

When it comes to steak, you won’t find much better than Wagyu steak. New York City’s Craftsteak once served a full Wagyu rib eye to a private party for a whopping $2,800 – which roughly equates to around £1,800 in pound sterling.

Why the expensive price tag? Well, Wagyu cattle are raised both in and outside of Japan, and the Kobe variety is raised in the Hyogo prefecture, and traditional production methods are employed.

In fact, believe it or not, Kobe beef comes from cows who have lived a luxurious life of drinking beer and hand massages. No, we’re not kidding. The method ensures they create a tender meat.

Now you know who the most expensive foods in the world, we think it’s time you had a look at the 10 Richest Athletes in the World.

Tags: , ,

10 Richest Athletes in the World

Athletes across the world can make more in one day than most of us can dream of making in a lifetime. Those who are blessed with the gift of athleticism will also become some of the biggest superstars in the world. So, we’re about to answer the question that’s often on everyone’s lips, and show you the 10 richest athletes in the world.

1. Michael Jordan – $1 Billion Net Worth

image via awesomeish.com

image via awesomeish.com

Michael Jordan made a slam dunk when he entered the world of basketball, as he is the first billionaire athlete. According to Forbes’ 2015 rich list, the gifted sports star is an entrepreneur, and has earned approximately $80 to £100 million every year from his various business ventures and endorsements.

He makes an incredible $60 million per year from Nike/Jordan brand royalties alone, and his NBA career also added an amazing $90,235,000 to his bank account.

2. Michael Schumacher – $800 Million Net Worth

Michael Schumacher

image via www.telegraph.co.uk

Michael Schumacher is considered by many as the most successful Formula One driver in history – and that is most definitely reflected in his bank balance. He’s now worth an incredible $800 million, as he was paid $10 million per year by Shell to wear a hat with the company’s logo at most public appearances.

3. Arnold Palmer – $675 Million

Arnold Palmer

image via www.golfdigest.com

Arnold Palmer is the greatest golf players of all time, winning the Championship Tour 10 times and the PGA tour 62 times. On top of a successful golf career, he is also a rather successful entrepreneur, as he has a drinks company that’s worth over $200 million. His name is also licensed in over 400 apparel and leather goods stores across Asia.

4. Tiger Woods – $550 Million

Tiger Woods

image via aaww.org

Tiger Woods is synonymous with golf, and vice versa. While Arnold Palmer might be the most successful golfer in history, it’s pretty fair to say that Woods is the most famous on and off the golf course. He has been ranked #1 in the world rankings for more consecutive weeks more than any other golfer, and was the first athlete to earn $1 billion in salary and endorsements.
So, why isn’t he tied with Michael Jordan? Well, $100 million was deducted from his bank account when he divorced Elin Nordegren in 2010.

5. Magic Johnson -$500 Million Net Worth

Magic Johnson

image via atlantablackstar.com

It looks as though basketball and golf are most definitely the best two sports to become a pro, if the rich list is anything to go by. Magic Johnson, the retired Lakers basketball player, earned a whopping $18 million salary during his career, and earned several million more in endorsements. He also owns his own record label, Magic Johnson Music, and is a successful motivational speaker.

6. Floyd Mayweather – $400 Million Net Worth

Floyd Mayweather

image via www.huffingtonpost.com

Floyd Mayweather is one of the most tactical boxers in the sport, and this ability has made him arguably one of the greatest fighters in boxing. His bravado, skill and smarts have resulted in him winning six boxing championships in five different weight classes, as well as $400 million. He is the highest paid athlete in sport, as he can demand a significant salary, without the need for endorsements.

7. Shaquille O’Neal – $350 Million Net Worth

image via www.limitlessonline.co.uk

image via www.limitlessonline.co.uk

Shaquille O’Neal is the third basketball star on the rich list, and earned $292,198,327 in his career alone. He also secured $100 million when he signed a five-year contract with Miami Heat. The retired player is also a successful TV host and entrepreneur, and he has appeared in many commercials throughout his career.

8. David Beckham – $350 Million Net Worth

image via www.highsnobiety.com

image via www.highsnobiety.com

David Beckham is one of the most famous players in football (soccer). A talented athlete on the pitch, and a celebrity off it, he is one of the biggest endorsers in the world. The former England Captain and Manchester United Star star also invests his money in the sport, and his business group, Beckham Miami United, has agreed to finance a $250 million stadium in Florida, and will hold 20,000 spectators.

9. Greg Norman – $300 Million Net Worth

image via www.golfgrinder.com

image via www.golfgrinder.com

Greg Norman has won 20 PGA tours in his career, and was even inducted into the World Golf Hall of Fame in 2001. His career and entrepreneurial ventures have also resulted in him totalling a net worth of $300 million.

10. Dale Earnhardt, Jr. – $300 Million Net Worth

Image via www.huffingtonpost.com

Image via www.huffingtonpost.com

Dale Earnhardt Jr. started his Nascar career at the age of just 17 years old. Little did he know when starting his career that he would one day become one of the highest paid athletes of all time, as he earned an unfathomable $25.9 million in 2014 alone. He also owns his own media production company, Hammerhead Entertainment, and has partnered with a group of investors who are building Alabama Motorsports Park.

Want to learn more about your favourite stars? Read 10 Rags-to-Riches Stories That Will Inspire You.

Tags: , , ,

10 Rags-to-Riches Stories to Inspire You

Never been to university? Grew up in poverty? So what! You can still be a success. All you need is ambition and passion, and the rest really will follow. Don’t believe us? Fine. Just take a look at these 10 rags to riches stories that will inspire you.

1. J.K. Rowling – $1 Billion

J.K. Rowling

image via www.telegraph.co.uk

J.K. Rowling is one of the most inspirational people in popular culture – not just for creating the wonderful Harry Potter series, but she defied the odds to become the richest author of all time. Rowling moved to Portugal to pursue her dream of becoming an English teacher, and it was there she fell in love with a journalist. The couple went onto have a daughter, Jessica, but the marriage later ended in divorce.

So she chose to move back to her native Scotland to start a new life – but the move led to Rowling resulted in her becoming dependent on welfare benefits. In between her parental duties, she would write Harry Potter – completely unaware that one day the boy wizard and his magical friends would be adored by millions of people across the world.

The book was rejected many times until it was finally published. She is now has a net worth of $1 billion. That’s some serious cash – and proof that anyone can make their dreams come true!

2. Steve Jobs – $5.7 Billion

Steve Jobs

image via www.projectcasting.com

It is hard to believe Apple started in a garage, but that’s exactly what happened. With no way to afford a college tuition, the late, great Steve Jobs took his future into his own hands and started the company in his parents’ garage, after his adopted father, Paul Jobs, shown him how to take apart and rebuild electronics.

With little knowledge, but a passion and interest, Steve Jobs went onto create some of the coolest, most ground-breaking technology products the world had ever seen, such as the 1984 Macintosh to the latest iPhone smartphones.

3. Oprah Winfrey – $2.9 Billion

Oprah Winfrey

image via blackdoctor.org

Many people across the world are often inspired by Oprah Winfrey – and the reason is because she is a very inspirational woman. Until the age of six years old, she was raised by her grandmother, as her teenage parents were not emotionally mature enough to care for her. She later lived with her mother in Milwaukee, and shown an aptitude for education. Her studies were, however, interrupted as her mother was unable to cope, and so she was sent to live with her father, Vernon, in Nashville, Tennessee.

After dealing with many years of physical abuse, Oprah Winfrey ran away from home at the age of 13. However, she defied the odds and went onto become the most successful talk show host of all time, using her own struggles to inspire others.

4. Ralph Lauren – $7.1 Billion

image via dirckhalstead.net

image via dirckhalstead.net

Ralph Lauren is the man behind the luxury clothing line. He was raised in the Bronx, New York, by his parents who were Russian immigrants. With finances tight, he never even had his own bedroom growing up, and was forced to start work before he was 13 years old.

What Ralph did have was excellent taste, a passion for fashion and a confidence in his own ability. He believed in himself so much that he took out a $50,000 loan to launch his own clothing line – and is now the owner of one of the most recognisable fashion brands in the world.

5. Manny Pacquiao – $300 Million

Manny Pacquiao

image via www.hbo.com

It’s not hard to see why Filipinos are so proud of Manny Pacquiao. The famous boxer once lived on the Kibawe streets, and would sell bread and doughnuts to make some cash. Whilst homeless, he would often be forced into fights with other street vendors, which was undoubtedly the start of his fantastic boxing career.

He is now deemed one of the greatest boxers of all time, as he is the only boxer in the world who has won world titles in 8 weight divisions, and is the  #2 highest paid boxer on the planet – after Floyd Mayweather, of course.

6. Eminem – $140 Million

Eminem

image via www.inquisitr.com

Marshall Mathers, known to the world as Eminem, rags to riches story is so powerful that it was the basis of the semi-biographical movie, 8 Mile, which the rapper starred in. Growing up in a trailer park in Detroit, Eminem’s goal was to make it in a black music industry as a white rapper. He faced much rejection and bullying for pursuing his dreams, but with sheer ambition and a confidence in his dreams, Marshall continued rapping. He believed in himself so much that he dropped out of high school and juggled many jobs just to keep a roof over his head and food on the table.

His hard work did, however, pay off, as he was awarded second place in the 1997 Rap Olympics, and caught the eye of the respected hip hop producer and rapper, Dr. Dre. Eminem, who also adopted the name Slim Shady, was the best-selling musician of the 2000s, and is now one of the most respected artists in the rap industry, selling 115 million albums.

7. Steven Spielberg – $3.6 Billion

Steven Spielberg

image via www.konbini.com

If you have ever seen movies Schindler’s List, Saving Private Ryan or Jurassic Park, you will know why Steven Spielberg is one of the most popular directors in history. As a child, he was cruelly bullied by other children for being an Orthodox Jew, but he did find join in creating movies at a very early age, and made his first amateur movie at just 16 years old. Whilst he did graduate from high school, his low grade average prevented him from attending film school.

He therefore attended California State University, but dropped out when he was offered a seven year contract with Universal Studios – and the rest, as they say, is history.

8. Jay-Z – $560 Million

Jay-z

image via www.rollingstone.com

Shawn Carter, known to the world as Jay-Z, never started life wanting to be a hip hop artist. After his father abandoned the family home, Shawn chose to take control of their finances by becoming a drug dealer, selling crack cocaine on the city streets of Brooklyn, New York. A career path that led to him being shot at.

To Shawn, rapping was simply a hobby, but it was in the mid-90s when he realised he could make a career out of it, after many people raved about his talent. Instead of heading to a record label to pursue his dream, he chose to launch his own, which also launched the careers of many successful rappers. The move paid off, and he is now worth an estimated $500 million, after selling 75 million albums and winning 17 Grammy Awards.

9. Jim Carrey – $150 Million

Jim Carrey

image via loopele.com

Jim Carrey, born James Eugene Carrey, is one of the most loved comedy actors in entertainment, but his journey to success did not come easy. After his father lost his job as an accountant when Jim was a teenager, Jim was forced to work an eight hour shift each day at the Titan Wheels Factory, on top of attending school. His family responsibilities, however, resulted in him dropping out of school.

He later moved out of the family home and lived in a camper van, spending many a night performing stand-up routines. He eventually landed a spot on The Duck Factory, a US sitcom, which was a sign of big things to come for the actor. His big break came when he was cast in the skit show In Living Colors, as the world paid attention to his comic timing. He is now most recognisable for movies such as Dumb and Dumber, The Mask and Ace Ventura: Pet Detective.

10. Roman Abramovich – $9 Billion

Roman Abramovich

image via www.telegraph.co.uk

Roman Abramovich sadly became an orphan at the age of just four years old, and was raised by his aunt and uncle, who lived on an oil settlement in the south of the Arctic Circle. The town was infested by mosquitoes, and temperatures could often fall below -30 degrees Celsius.

Despite his environment, Roman shown signs of ambition from a young age, and would sell plastic ducks and second-hand car tyres in his spare time. As his business grew, so did his ambition, and he went onto manage Sibneft, an oil giant, before taking over the company in 1995. He later shown further business acumen, investing in ventures such as Russian Aluminium and the steelmakers Evraz Group. Roman Abramovich is now the 5th richest person in Russia, and one of the wealthiest men in the world.

Now you know some of the most inspirational people on the planet, it’s time to check out some of the most foolish. Read about the 10 silliest lottery winners in history.

Tags: , ,

20 Unbelievable Money Facts to Blow Your Mind

The Big Money Guide loves a bit of trivia, which is why we are offer 20 unbelievable money facts that will blow your mind. Seriously, these facts are crazy!

1. US Money

US Dollars

image via www.cnbc.com

There is approximately 1,200,000,000,000 of US money in circulation. That’s a lot of money, right? Too bad nobody knows where 85% of the money actually is.

Also, if you have £10 in your pocket, you are wealthier than a quarter of Americans!

2. Rich People

The richest 85 people in the world have just bas much money as the poorest 3.5 billion in the world.

3. Monopoly Money

Everyone loves Monopoly, don’t they? So most people are probably aware they receive £1,500 at the start of the board game. What’s even more surprising is the amount is the current average weekly rent fee in central London. Sheesh!

4. Tourism

There is a lot of money to be made in the travel industry! So much so that one in 11 people on the planet earn money from tourism.

5. Cornish Pasties

Cornish pasties

image via cornishpasties.com

Cornish pasties are a traditional English delicacy – and us Brits just can’t seem to get enough of them, as they make more money each year that Tonga, Micronesia or the Cook Islands.

6. Bill Gates’ Fortune

If Bill Gates was to donate his entire fortune to the US government, it would only cover the country’s national deficit for 15 days.

7. Izikhothane

Have you ever heard of Izikhothane? You will want to. They are a South African gang/dance group who like to meet in car parks, cover themselves in custard and burn massive wads of money. Yeah, that’s right, we said custard!

It’s basically all about who is the wealthiest member of the group, as they will each burn expensive items to prove they are the wealthiest person. Many of the dance battles are performed using not just money but mobile phones, clothes or alcohol. An opponent is more likely to win if the item they destroy is more expensive that their competitors.

8. Payday Loans

Borrowing £400 from Wonga at its standard payday loan rate for seven years would result in a person owing more than Britain’s national debt. That is some interest rate!

9. 1p Coins

pennies

image via deadcurious.com

Do you know those 1p coins you never pick up off the ground? Well, it’s time to start saving them, as there are £100 million worth of penny coins in circulation in the UK.

10. The World’s Most Expensive Phone Number

Do you know what the world’s most expensive phone number is? It’s 666-6666 and it was sold for an incredible £1.5 million in 2006. We wonder if it takes you straight through to the devil himself?

11. Banknote Bacteria

Banknotes are bound to be full of so much bacteria, as they pass to so many people over the years. What’s the most common form of bacteria found on banknotes? It’s the bacteria that causes acne.

12. Santa Claus

In 2009, a man dressed up as Santa Claus to rob a bank in Tennessee. Why did he rob the bank? He claimed he needed the money to pay his elves. Maybe Santa was in debt with one of those expensive payday loans!

13. Hewlett-Packard Printer Ink

It is 20 times more expensive to buy Hewlett-Packard printer ink than it is to buy a 2003 vintage bottle of Dom Perignon champagne.

14. Brian & Helen

Is your name Brian or Helen? The chances are you have amazing credit, as the best credit profiles in the UK are held by men and women with those two names.

15. The World’s Most Expensive Car

1957 Ferrari Testarossa

image via becuo.com

The 1957 Ferrari Testarossa is the most expensive car in the world, selling for £10,750,000 in 2011.

16. Ransom Tax

Even kidnappers have to pay tax in America, as their payments are tax-deductible.

17. The World’s Most Expensive Sheep

Now you know what they world’s most expensive car is, we bet you are dying to know what the world’s most expensive sheep is, aren’t you. It’s like we read your mind. Well, just so you know, it cost £231,000 and was sold back in 2009.

18. Dog & Cat Currency

You could once enter the Tower of London for free if you brought in a dog or car to feed the lions.

19. Stanley Kubrick

Stanley Kubrick claimed he financed his first movies by playing illegal chess for cash in New York parks.

20. The World’s Most Expensive Coffee

Love coffee? You would probably love to try the world’s most expensive coffee, then. Well, that is until you find out it is actually made from the dung of Thai elephants. Yeah, we’ll stick to Nescafe, thanks.

The Big Money Guide is the ultimate money resource. Take a look at 10 Actors Who Took a Pay Cut for an Oscar

Tags: , ,

10 Actors Who Took a Pay Cut for an Oscar

An Academy Award or the chance to work with an acclaimed director can often be worth more than a star’s big pay cheque. You are only as good as your last film, and the following actors chose to took a pay cut – or no salary at all – for a chance to star in a critically-acclaimed movie.

Take a look at the 10 actors who took a pay cut for an Oscar.

1. Jonah Hill

Jonah Hill

image via theskinny.co.uk

Jonah Hill stated he would sell his house and give away all his money just to work with Martin Scorsese, so when the opportunity to star in Scorsese’s The Wolf of Wall Street arose, he was willing to take a pretty big pay cut.

How much did he make from the movie? Just $60,000 (£36,200). To put that into perspective for you, Leonardo DiCaprio made $10,000,000.

The pay cut paid off, though, as the movie earned Jonah Hill his second Academy Award nomination.

2. Lindsay Lohan

Lindsay Lohan

image via www.theguardian.co.uk

According to reports, Lindsay Lohan made just $100 (£59.83) per day to star in movie flop The Canyons. It was, however, rumoured that she would receive an equal share of the profits.

3. Brad Pitt

Brad Pitt

image via www.hollywoodreporter.com

Brad Pitt is one of the biggest movie stars in the world, starring in hit movies such as Fight Club and Seven, making him one of the highest paid actors in the industry, commanding $30 million per movie.

His fee, however, wasn’t so significant when starting out, as he earned just $6,000 for the film Thelma and Louise.

4. Ethan Hawke

the purge

image via thefilmstage.com

Ethan Hawke is a household name in the movie industry, and recently starred in the Oscar-nominated film Boyhood. So you might be surprised to learn he earned next to nothing for horror film The Purge.

In exchange for the role, he simply received a share of the movie’s profits. He stated in an interview: “There were no perks. No trailer, no driver, no BS. Just a great role, a great director. Hell, on The Purge, I slept on his couch the whole shoot”.

5. Jim Carrey

Jim Carrey

image via www.fanpop.com

Jim Carrey is one of the greatest comedy actors in the business and, confident in his own ability and the screenplay, he traded his salary for the movie Yes Man for a share of its profits.

The move paid off, as he earned £35 million (£21 million) following the success of the film, which grossed $226 million (£135 million).

6. Chris Evans

Chris Evans

image via www.frontpagemag.com

Robert Downey Jr may have earned an envious $50 million (£30 million) for his role as Iron Man/Tony Stark in The Avengers, Chris Evans was not so lucky. He earnt just £2 million for his role as Captain America. We almost felt bad for Chris – but then we remembered he still earned £2 million.

7. The Monuments Men Actors

Monuments Men

image via www.artjuice.net

George Clooney, Bill Murray, Matt Damon, Cate Blanchett and the rest of the big name stars in 2014’s The Monuments Men all took pay cuts to star in the film to reduce its budget to just $70 million.

Geogre Clooney stated: “If you pay everyone a full boatload, it’s a $150 million film. You just can’t do it. Everybody worked for super cheap, like crazy cheap.”

8. Matthew McConaughey

Dallas Buyer's Club

image via www.haaretz.com

Matthew McConaughey turned his career around in 2011 when he starred in the 2011 movie Killer Joe, and has since gone on to star in Academy Award nominated films such as The Wolf of Wall Street.

Once offered a role for $15 million to star in Magnum PI, the southern actor took a massive pay cut to star in The Dallas Buyer’s Club, taking home just $200,000.

While the sum may have hit his bank balance, the role won him a large number of fans, who finally realised what a talented actor McConaughey really is. Now you can’t put a price on that level of respect!

9. Adam Levine

Adam Levine

image via www.huffingtonpost.com

Adam Levine, the frontman for Maroon 5, will be the first to tell you that he is an inexperienced actor – and despite his million dollar bank balance, the singer chose to star in Begin Again for no money whatsoever.

He simply wanted to learn the craft and to take little or no money for work he enjoys.

10. Ryan Gosling

Ryan Gosling

image via veblenesquegorge.tumblr.com

After starring in the hit 2004 film The Notebook, Ryan Gosling had his pick of roles that would bring a flurry of girls into the cinema. Instead, he opted to take on material he felt passionate about, and so was paid just $1,000 a week to star in the indie movie Half Nelson.

It turns out Gosling isn’t just a pretty face, after all, as the role resulted in his bagging his first Oscar nomination.

Tags: , ,

10 Things the Conservatives Plan to Do With Your Money

The fate of the UK’s next five years was decided when the Conservative Party won the election by a majority vote in May 2015. Whether you voted for them or not, the future of the UK’s public is, mostly, in the conservative government’s plans. So, what do the tories have in store for us? Here are 10 things the conservatives plan to do with your money over the next 5 years.

1. Benefits

George Osborne

image via www.telegraph.co.uk

The Tories goal is to cut the welfare budget by £12 billion by 2017-18. There is, however, mystery surrounding how the government will do just that.

What we do know is they have pledged to cut benefits at £23,000 from the current rate of £26,000.

People between the ages of 18-21 will also be ineligible for job-seekers allowance, but will be entitled to Youth Seekers Allowance for up to six months. After this time period, they will be offered an apprenticeship, trainee-ship or daily community work to work for their benefits, and they will also have no access to Housing Benefit.

2. Statutory Maternity Pay

maternity

image via telegraph.co.uk

One way the government might cut the welfare budget is by scrapping statutory maternity pay, according to a recently leaked document.

Paternity leave will also not be doubled from 2 to 4 weeks, which was a plan proposed by Labour.

3. Housing

Help to Buy

image via www.gov.uk

The Right to Buy scheme will allow renters to purchase their own properties at a bigger discount. Aspiring homeowners would also receive £50 for every £200 saved towards the deposit for up to £3,000, as part of a Help to Buy ISA.

Buyers who can save a 5% deposit could also apply for an interest-free five-year government loan that’s equivalent to 20% of the new build property’s value.

4. Inheritance Tax

inheritance tax

image via www.barchestergreen.co.uk

The Tories have promised a £175,000 per person transferable allowance for both married couples and civil partners when their main residence is inherited to their children after their death.

Combined with the existing £325,000 nil-rate band per person, parents could pass on property worth up to £1 million that is free from inheritance tax.

5. Energy Bills

energy bills

image via www.thesundaytimes.co.uk

Labour promised to freeze energy bills for the next two years if they won the election, which would help reduce household bills. The Conservative government will, however, allow energy bills to rise over the next two years.

6. Pensions

pensions

image via www.gosimpletax.com

There is now greater flexibility with pensions, as people can easily access their retirement pots at their request after the age of 55 years old – which is a policy that came into affect on 6th April 2015.

The state pension will continue to rise by whatever is highest out of consumer price inflation: average earnings or the 2.5%.

Pensioners will continue to benefit from the winter heating allowance, as well as free bus passes and TV licences.

7. Rail Fares

rail tickets

image via www.thisismoney.co.uk

Rail fare costs will be frozen for the next five years, which David Cameron has stated could save regular commuters an average of £400 per year.

The frozen fee applies to everything from daily, weekly, monthly and annual season tickets.

8. Income Tax

income tax

image via consciouslifenews.com

It’s good news for workers, as the Conservatives have promised legislation that would not increase income tax, national insurance or VAT. The tax-free personal allowance will rise from £10,600 to £12,500 by 2020.

The Prime Minister has also pledged to raise the threshold of the 40pc income tax from its current £42,383 to £50,000.

The Conservative Party has also promised to raise the minimum wage to approximately £8 within the next five years.

9. Childcare

childcare

image via www.bloomberg.com

Parents of newborns might be a little concerned they may no longer by eligible for statutory maternity pay, but those with children aged three to four years old may be delighted to learn the conservative government plans to double free childcare for working parents to 30 hours – which is worth approximately £5,000 per year.

10. Marriage Tax

marriage

image via www.harpyness.com

Married couples wil now have the right to transfer up to £1,060 of tax-free income to their partner, and this will also apply to civil partnerships.

Tags: , , , ,

10 Silliest Lottery Winners in History

Most of us have dreamt of winning the lottery. Many would buy or upgrade their home, invest in a new car or maybe take a few expensive holidays abroad. Heck, we would even probably go on the odd crazy shopping spree every once in a while – all the while knowing that there is an end to the supply of cash. Others might simply lose their marbles and blow the whole lot.

You’ll probably sit there thinking “idiots!” – but who knows how much winning the lottery could change you. It could turn you into an absolute fool over night – just like the following 10 people The Big Money Guide will soon tell you all about.

Here are the 10 silliest lottery winners in history – and trust us, these stories are pretty stupid!

1. Hooked on Hookers – Michael Carroll

Michael Carroll

image via www.peoples.ru

Michael Carroll thought all his Christmases had come at once when he won £9.7 million ($15 million) in the UK’s lottery back in 2002. An overnight millionaire, Michael was quick to lap up the life of luxury, developing a penchant for flash cars, crazy parties, cocaine and hookers.

The crazy lifestyle soon came to an end in 2007, as Michael had blew all of his lottery winnings and was back to square one working as a bin man.

2. Karma Kindness – Tonda Lynn Dickerson

waffle house

image via www.deathandtaxesmag.com

Karma came back to bite Tonda Lynn Dickerson, who refused to split her $10 million lottery win with her Waffle House colleagues and Mr Steward, a customer who bought the ticket for the Waffle House employees.

Not only did she refuse to share the cash with her colleagues, but she did not give Mr Steward the gift of a pick-up truck that was always promised to him if the staff ever won. So, he sued.

In the middle of the lawsuit, Tonda Lynn Dickerson decided to embark on a little tax planning with her family, forming the S corporation in Florida to safely store her winnings. This entity therefore protected the cash from potential creditors. She therefore retained 49% of the money, whilst her parents and siblings had a share of 51%. Little did she know she would receive a large tax bill of $771,570, which was given to her by Toye Sue Washington, an attorney with the Estates Division if the IRS, for unpaid federal gift tax.

Tonda, not wanting to part with her winnings, challenged the IRS, claiming the amount was not a gift as she had agreed with her family that she would share her money if she ever won the lottery. Yeah, that’s still a gift, Tonda!

Thirteen years later, it was confirmed it was a gift. She was therefore ordered to pay $1,119,347.90.

3. Marriage Crack – Willie Hurt

cash

image via www.galleryhip.com

Winning the lottery would be a dream come true for most families, but not for Willie Hurt and his loved ones. Two years after winning $3.1 million in the Michigan Lottery, Willie Hurt divorced his wife, lost custody of his children, developed a crack-cocaine addiction and was charged with attempted murder.

His drug addiction became so bad that he lost his entire fortune, as well as his whole life.

4. Bad Blood – William “Bud” Post

willie hurt

image via www.galleryhip.com

You would think your family would be happy for you if you bagged $16.2 million lottery jackpot, but not William “Bud” Post’s family. Not only did his ex-girlfriend sue him for a share and win, but his brother hired a hit-man to inherit the winnings but the attempt was, thankfully, unsuccessful. His family would also continually harass him for cash and offered advice on some bad investments.

Within a year, he was left with a $1 million debt and was forced to file for bankruptcy.

5. Construction Calamity

americo lopes

image via www.cnn.com

Americo Lopes, a construction worker, won the lottery, quit his job and claimed he was leaving for foot surgery. He later admitted to an ex-colleague that he had won the lottery, failing to share the prize with his colleagues – who were all owed a cut. His ex-colleague and the rest of his workmates got together to confront Lopes, and the court ordered him to split the cash.

6. Dumb Debt – Suzanne Mullins

money down the drain

image via www.risk.net

Suzanne Mullins won the US lottery in 1993 and smartly opted to receive yearly payouts instead of a full cash lump sum. She was, however, a little bit silly with her money, using future payouts as collateral for a $200,000 loan.

She later decided to take the full lump sum to pay the debt, but was never able to pay back the full amount. As she failed to make the loan repayments, the company filed a law suit and won for $154,000 settlement. Unfortunately for the loan company, Suzanne had no assets to her name and so the lawsuit was absolutely worthless.

7. Two-Time Millionaire – Evelyn Adams

evelyn adams

image via imgarcade.com

Few people can claim they have won the lottery once, and so it is rare that a person can win the lottery a second time around – but that’s just what Evelyn Adams did back in 1985 and 1986.

She won a reported $5.4 million but blew all that cold, hard cash in Atlantic City, according to AskMen.com. She now lives in a trailer park.

8. Silly Smarts – Alex and Rhoda Toth

alex and rhoda toth

image via www.pixshark.com

Back in 1990, Alex and Rhoda Toth won $13 million on the lottery when they were penniless. Not wanting to splash the cash too soon, they chose to receive $666,666 per year for the next twenty years. A smart move for a couple who have just won the lottery.

The couple decided to live the high life in Las Vegas for a while, but eventually chose to return home to Florida to buy some land and set-up a home. Family members, however, came out of the woodwork wanting a share of the cash, and so Alex and Rhoda were faced with crippling court fees and legal dramas.

Between 2002 to 2005, Alex was arrested for growing marijuana and writing bad cheques. They lost everything, and eventually had to live in a tiny trailer on half an acre of land, with their electricity source coming from their car’s engine.

In 2006, the couple were arrested for tax evasion. Unfortunately Alex passed away whilst awaiting trial, whilst Rhoda claimed she was too ill to stand trial. It later turned out that Rhoda was lying, as a video emerged of her moving with ease, and so she was sentenced to two years in prison and was forced to pay $1.1 million to the IRS.

9. Illegal Lotto

erik cervantes

image via www.elnuevogeorgia.com

Jose Antonio Cua-Toc, an illegal immigrant from Guatemala, put his trust in the wrong person when he won the lottery in Georgia, USA. Knowing he couldn’t legally claim the cash, he asked Erick Cervantes, his employer, to claim the prize for him. Unfortunately for Jose, his boss claimed the cash as his own, and so they two men headed to court to resolve the argument. Jose Antonio luckily won the money back, minus his attorney and tax fees.

10. Spending Spree – Vivian Nicholson

Vivian Nicholson

image via www.theguardian.com

Way back in 1961, Vivian and Keith Nicholson won the pools, Vivian stated she planned on shopping away all the cash. True to her word, Vivian spent all the money on haute couture and just a few years later there was nothing left of her lump sum.

Tags: , , ,

10 Most Expensive Movies Ever Made

Blockbuster movies take a tremendous amount of time, work and, most of all, money. When it comes to cash, the following movies had no expense spared. Here are the 10 most expensive movies ever made.

1. Pirates of the Caribbean: On Stranger Tides – $378.5 Million

Pirates of the Caribbean On Stranger Tides

image via www.fanpop.com

Pirates of the Caribbean: On Stranger Tides was the fourth instalment of the Pirates of the Caribbean film series. It might have cost an incredible $37.8 million, but it created a whopping $1.046 billion at the box office!

Why was it so expensive? It was the first film in the series to be released in both Disney Digital 3D and IMAX 3D formats. Ten companies were also involved is the movie’s digital format. Inflated production costs therefore resulted in the movie becoming the most expensive film ever made to date.

2. Pirates of the Caribbean: At World’s End – $300 Million

Pirates of the Caribbean At World's End

image via www.theguardian.com

Pirates of the Caribbean: At World’s End was the most successful film of 2007, and despite the production cost of $300 million, it took home $960 million worldwide at the box office. At the time of its release, it was the most expensive film ever made, until it was overtaken by the series’ fourth instalment, mentioned above.

3. Avengers: Age of Ultron – $279.9 Million

Avengers Age of Ultron

image via www.newsarama.com

With a cast that comprises of Robert Downey Jr., Mark Ruffalo and Scarlett Johansson, Avengers: Age of Ultron was bound to be an expensive movie. Following on from the huge success of The Avengers, the sequel, and eleventh instalment in the Marvel Cinematic Universe (MCU), was bound to be bigger and better than any of superhero movies in film.

Costing $279.9 million, making it the third most expensive movie ever, it was a box office smash, grossing $633 million worldwide. That’s a pretty fantastic return on an investment!

4. John Carter – $263.7 Million

John Carter

image via www.blastr.com

John Carter has been hailed as one of the biggest movie flops of all time. Not just because it was a pretty terrible movie, but because it cost a $263.7 million and only grossed $284.1 million – and that doesn’t even include the $350 million in marketing costs.

Paul Dergarabedian, the president of Hollywood.com, commented: “John Carter’s bloated budget would have required it to generate worldwide ticket sales of $600 million to break even – a height reached by only 63 films in the history of movie making”.

5. Tangled – $260 Million

Tangled

image via www.trailers.apple.com

Tangled, based on the Walt Disney Pictures animation based on the German fairytale ‘Rapunzel’, spent six years in production ans so cost an estimated $260 million to make.

It is therefore the most expensive animation movie of all time, and the fourth most expensive film ever. After its release in 2010, the film went onto make $591 million in box office revenue.

6. Spider-Man 3 – $258 Million

Spider-man 3

image via spinoff.comicbookresources.com

Many have criticised Spider-Man 3, viewing it as the worst movie in the trilogy. Despite its mixed reviews, the film grossed $890.8 million at the box office and is therefore the most successful film in the series.

7. Harry Potter and the Half-Blood Prince – $250 Million

Harry Potter and the Half-Blood Prince

image via www.studentsoftheworld.info

The wonderful world of Harry Potter captured minds, imagination and, more importantly, plenty of pocket money across the globe. Adored by millions of people across the world, it made millions at the box office, grossing an estimated $934.4 million – and so it is the 28th highest-grossing film of all time worldwide.

8. The Hobbit: The Battle of the Five Armies – $250 Million

The Hobbit Battle of the Five Armies

image via www.blastr.com

Harry Potter and the Half-Blood Prince might have made a ton of money at the box office, but The Hobbit: The Battle of the Five Armies took a whole lot more – and cost the same amount to make! The third and final instalment of the epic fantasy film made $955.1 million, and so surpassed The Fellowship of the Ring and The Two Towers – and it is therefore the 26th highest grossing film of all time.

9. Avatar – $237 Million

Avatar

image via en.wikipedia.org

James Cameron doesn’t do things by halves, so you just know Avatar cost a significant amount of money. A massive $237 million, to be exact. The film, which was supposed to head into production after Cameron’s 1997 movie Titanic, was halted as the technology necessary to create the sci-fi movie did not exist, and so Cameron would not be able to achieve his vision for the movie.

The screenplay was written back in 2006 and is estimated to have cost $237 million, but other estimates have placed production costs between $280 million and $310 million. It also cost $150 million in marketing.

The production cost paid off, as the movie grossed an estimated $2,788 billion at the box office. That’s right, we said billion! It therefore broke several box office records and easily became the highest grossing film of all time – surpassing Cameron’s Titanic. It was also the first film in the world to gross over $2 billion. Sheesh!

10. The Dark Knight Rises – $230 Million

Dark Knight Rises

image via spindlemagazine.com

The Dark Knight Rises received critical acclaim upon its release, with many stating it as one of the best movies of 2012. With underground prisons, batplanes and batcopters, it was bound to cost a lot – and so many won’t be surprised it cost $230 million to make.

Just like The Dark Knight, the movie grossed over $1 billion – in fact, it made a total of 1.084 billion. It is now the 12th highest grossing film of all time, and the third highest-grossing superhero movie ever.

Love movies? The Big Money Guide is offering facts on the 10 Highest Paid Actors of All Time. Check it out!

Tags: , ,

10 Highest Paid Actors of All Time

The actors on this list have amassed a fortune many of us could never comprehend, and they owe it all to talent, fame and, most likely, a little bit of luck. So, without further adieu, here are the 10 highest paid actors of all time.

10. Sean Connery – $300 Million

Sean Connery

image via www.filmweb.pl

Sean Connery is, to many, the ultimate James Bond – and his acting talent is reflected in his bank balance. Sean, whose mother was a cleaning lady and father was a factory worker, is now one of the highest paid movies stars in the world.

9. Arnold Schwarznegger – $300 Million

Arnold Schwarznegger

image via www.theguardian.com

When Arnold Schwarzenegger started out as a body-builder, we doubt he ever believed he would amass a fortune of $300 million for acting. The actor with the nearly unpronounceable surname is now one of the most popular stars on screen, featuring in some of the most loved movies of all time, including ‘Kindergarten Cop’ and, of course, ‘Terminator’.

8. Keanu Reeves – $350 Million

Keanu Reeves

image via www.denofgeek.com

Keanu Reeves is not only one of the highest paid actors of all time, he is also one of the sweetest. Very aware of how blessed he is, Keanu gave away his $75 Million salary for The Matrix to the movie crew, with each person on set taking away $1 million, as he believed they deserved the money more than him.

8. Tom Hanks – $350 Million

Tom Hanks

image via www.pagesix.com

Oscar winner Tom Hanks is one of the most popular actors in the movie industry, adored by audiences across the world. Thanks to his superb acting talent in movies such as ‘Philadelphia’ and ‘Forest Gump’, he is now worth an incredible $350 million.

7. Bill Cosby – $350 Million

Bill Cosby

image via www.tvweek.com

Bill Cosby maybe a controversial figure at the moment, but that doesn’t stop the fact he’s still worth a significant amount of money from his stand-up performances, movies and ‘The Cosby Show’.

6. Clint Eastwood – $375 Million

Clint Eastwood

image via www.theguardian.com

Clint Eastwood is more than just a talented actor, he is now one of the most respected movie directors in the world, creating Oscar nominated movies such as ‘American Sniper’ and ‘Million Dollar Baby’. Not bad for a college dropout!

5. Johnny Depp – $400 Million

Johnny Depp

image via www.coastal.com

Johnny Depp’s versatility and acting ability has most definitely paid off, allowing him to bag 5th position on this list. Who needs a golden ticket when you have $400 million in the bank?

4. Sylvester Stallone – $400 Million

Sylvester Stallone

image via www.airherald.com

At the start of his career, Sylvester Stallone struggled to land an acting gig. So what did he do? He created his own opportunity, writing a screenplay that would change his life forever. What was that movie? Only one of the biggest boxing films of all time: Rocky.

3. Jack Nicholson – $400 Million

Jack Nicholson

image via www.vogue.it

Jack by name, Jack by nature – as Jack Nicholson really is a Jack of all trades. Not only is he a respected actor, but he is a screenwriter, producer and director. The actor, who has received Academy Award nominations every decade from the 1960s to 2000s, is also one of the richest thespians in Hollywood.

2. Mel Gibson – $425 Million

Mel Gibson

image via www.business2community.com

Mel Gibson would have made number one of this list, if it wasn’t for the fact he lost half of his $850 million fortune to his ex-wife in his 2011 divorce settlement. Still, Mel Gibson’s net worth is not to be sniffed at, as he has secured a whopping $425 million for starring in movies such as ‘Braveheart’, ‘Lethal Weapon’ and ‘What Women Want’, as well as producing films such as ‘Apocalypto’ and ‘The Passion of the Christ’.

1. Tom Cruise – $450 Million

tom cruise

image via www.wallpapersnewhd.com/

Tom Cruise never wanted to become an actor. His goal was to become a priest. So, if you’d have told him many years ago that he would one day be the richest actor of all time, he would most likely have laughed in your face – and repented afterwards. He now has a wealth of $450 million thanks to critically acclaimed movies such as ‘Born of the Fourth July’, ‘Jerry Maguire’ and ‘Top Gun’.

Tags: , , , ,
'