/biz/ - Business & Finance

Are you a better investor than Burt Reynolds?
>By his own estimation, at the peak of his career Burt's net worth topped $60 million. That's $60 million after taxes in the 1980s. That's the same as around $150 million today after adjusting for inflation," the site reports.
>The man was living large, and thanks to his hit projects and endorsement deals, he was bringing home a ton of money on a regular basis.
>Reynolds not only made a ton of money, but he also spent it, too. The man was larger than life, both in front of the cameras, and at home with his riches.
>$60 million is an incredible amount of money for any person to have, but as we will soon learn, this number dropped considerably over time.
>"He didn't just buy one mansion in Beverly Hills, he bought several. He built a massive water-front estate in Florida. He bought a 160-acre ranch, also in Florida, where he kept a stable of 150 horses. He bought a mansion in Georgia. He had a private jet and a helicopter to take him back and forth to the private jet. When he married actress Loni Anderson in 1988, he didn't just move them into one of the mansions he already owned in Beverly Hills, he bought an entirely new mansion for them to live in," Celebrity Net Worth writes.
>Not only was the actor shelling out a fortune for his lifestyle, but he also sank money into business ventures that failed. At one point, Burt and his partner's decisions "turned it into a $20-30 million loss," per the site.
>Reynolds would also foolishly borrow millions for a show with the hope of cashing in once it reached syndication. It didn't.
>Throw in a massive divorce, and suddenly, it's easy to see why Reynolds was reeling financially in the 1990s. In his bankruptcy filing, Reynolds owed over $11 million total, with nearly $4 million owed to CBS for his ill-fated show that never hit syndication.

Are you a better investor than Burt Reynolds?
>By his own estimation, at the peak of his career Burt's net worth topped $60 million. That's $60 million after taxes in the 1980s. That's the same as around $150 million today after adjusting for inflation," the site reports.
>The man was living large, and thanks to his hit projects and endorsement deals, he was bringing home a ton of money on a regular basis.
>Reynolds not only made a ton of money, but he also spent it, too. The man was larger than life, both in front of the cameras, and at home with his riches.
>$60 million is an incredible amount of money for any person to have, but as we will soon learn, this number dropped considerably over time.
>"He didn't just buy one mansion in Beverly Hills, he bought several. He built a massive water-front estate in Florida. He bought a 160-acre ranch, also in Florida, where he kept a stable of 150 horses. He bought a mansion in Georgia. He had a private jet and a helicopter to take him back and forth to the private jet. When he married actress Loni Anderson in 1988, he didn't just move them into one of the mansions he already owned in Beverly Hills, he bought an entirely new mansion for them to live in," Celebrity Net Worth writes.
>Not only was the actor shelling out a fortune for his lifestyle, but he also sank money into business ventures that failed. At one point, Burt and his partner's decisions "turned it into a $20-30 million loss," per the site.
>Reynolds would also foolishly borrow millions for a show with the hope of cashing in once it reached syndication. It didn't.
>Throw in a massive divorce, and suddenly, it's easy to see why Reynolds was reeling financially in the 1990s. In his bankruptcy filing, Reynolds owed over $11 million total, with nearly $4 million owed to CBS for his ill-fated show that never hit syndication.

Are you a better investor than Burt Reynolds?
>By his own estimation, at the peak of his career Burt's net worth topped $60 million. That's $60 million after taxes in the 1980s. That's the same as around $150 million today after adjusting for inflation," the site reports.
>The man was living large, and thanks to his hit projects and endorsement deals, he was bringing home a ton of money on a regular basis.
>Reynolds not only made a ton of money, but he also spent it, too. The man was larger than life, both in front of the cameras, and at home with his riches.
>$60 million is an incredible amount of money for any person to have, but as we will soon learn, this number dropped considerably over time.
>"He didn't just buy one mansion in Beverly Hills, he bought several. He built a massive water-front estate in Florida. He bought a 160-acre ranch, also in Florida, where he kept a stable of 150 horses. He bought a mansion in Georgia. He had a private jet and a helicopter to take him back and forth to the private jet. When he married actress Loni Anderson in 1988, he didn't just move them into one of the mansions he already owned in Beverly Hills, he bought an entirely new mansion for them to live in," Celebrity Net Worth writes.
>Not only was the actor shelling out a fortune for his lifestyle, but he also sank money into business ventures that failed. At one point, Burt and his partner's decisions "turned it into a $20-30 million loss," per the site.
>Reynolds would also foolishly borrow millions for a show with the hope of cashing in once it reached syndication. It didn't.
>Throw in a massive divorce, and suddenly, it's easy to see why Reynolds was reeling financially in the 1990s. In his bankruptcy filing, Reynolds owed over $11 million total, with nearly $4 million owed to CBS for his ill-fated show that never hit syndication.