July 6th, 2011
05:18 PM ET
Mo money, mo problems: When the rich and famous go broke
Sonja Morgan might have to petition for a new show title if the "Real Housewives of New York" star loses her house.
In a divorce case, Morgan - who declared bankruptcy in November 2010 - is attempting to settle a $3 million judgement from her ex-husband and millionaire John Adams Morgan.
"I'm sure the world thinks, 'Sonja doesn't have to worry, she's got that husband there for her.' But I'm on my own," Morgan told the New York Post.
An anonymous source added to E! Online that Morgan wants to keep the home "for her daughter, but it seems she'll have to sell it and lose it altogether."
Morgan's not the only one who's publicly faced financial dilemmas - check out the gallery above for more.
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When the rich and famous go broke...it's a wonderful thing. Should happen to all of them.
no i dont fill sorry for a jacson with no money, have a gradge sale, Sale them fonny eyelashes you put on, they look stuped, go get you some food stamps,
The way to keep your wealth is to live below your means. Spending hundreds of dollars on shoes, clothing, etc makes no sense to me.
I love hearing about celebrities going broke. The funniest is MC "Hammuhtime" Hammer.
Latoya Jackson! Say What! Who in the hell is she. Oh I know, She is the sister to Michael who said on National TV that her Bother is messing with little Boys. I will never forget that as long as I live. And you know, She was telling the truth. Not Brain washed as she said. Run that clip again and that will bring in some funds.
no alimony in Texas. try living with that when he lea ves you
Obama will bankrupt this great country but will stillbe a millionaire because the taxpayers will foot the bill. How come he's not on this list?
Someone ran out of things to writre about. This is all old news! Like you dont have bills.
Serves the bimbo right.
It's no wonder her husband ran away. Not only is she an unattractive gold digger but the lump sum she is suing him for is pathetic compared to the unfathomable debt she has. Serves her right for living beyond her means, or beyond the means that any human needs in a lifetime.
Maybe we are confusing "rich" from "being financially secure for generations," where family money is respected and used with thought and intelligence. Let's look at families that develop trust funds for educational purposes only, or not given to family members until they have proven they are responsible and capable of managing smaller amounts of money first.
Young people who "get rich" or let's say – get a lot of money in a couple of years don't know what to do to make that money work for them and their generations to come. Designer clothes, bling, more and more home and cars just display an ignorance. The happiest and wealthiest people I have ever met in my life don't show it. I think it is called "class", and it can't be bought.
I feel pretty bad when I hear of women with it all become afraid of having nothin or even jus a little be grateful for not being involved in a battle over your life or your child my god what happen to faith
momma says " it does not matter how much money you have or do not have stupid is stupid and there is no way around that." lol
I feel bad now! @maybe2011...i took your post as funny, I tried to be funny back and it came out wrong. You've got a good heart....
@maybe2011-you DEFINATELY had a lil' vino and went crazy huh? You a bitter divorcee w/ a grudge? That's ok, i'll help you get over him...
No no. I have a decent relationship with my ex and an ex boyfriend. I do not like to leave bodies on the battlefield. I would never hurt anyone I once gave my heart to. There is no point in hurting anyone that you once held so dear. I was just commenting, sorry if you got me wrong. And I was just kidding about the cheap wine at that hour.Someone had written something about wine and I thought it might be humorous.
I hope Gaga and Bieber make this list next year.
just think, only 6 mo days and Casey Anthony can be your date and take your children on picnics in the woods.
where did all these weirdos come from? Get gone, no one is gonna miss them.BOO HOO, baby
I am crying in my cheap wine as I type this.
Who cares about these idiots? I hope they all go broke. They are just a bunch of cheesy fools.
Tori Spelling's picture looks like me in the movie "Mask".
Ah man! @mad- you beat me to the plane comment! Dang! I'll get dibs on a jab next time....plane @victor? Don't break the wing trying to glue that model together.
These folks are all *DOPES* - Why is everyone so preoccupied with people who should pull over and change the air in their heads periodically? Really, I mean! Who cares? I sure don't.
You got that right.
TURN IT UP!! hammer time!!!
I love my simple life. No worries.. I hope she learns what broke is
its no wonder why so many countries hate us and think we are idiots! look at the show and see how they act! all that money and no brains. id rather be poor & happy than rich & them!!!
Foreign countries have just as rich and reckless, they just don't parlay it into aTV show.The reality TV seems to be an American concept. Soaps are down the drain so what else are the airheads supposed to do?
good! 1 less airhead drinking wine all the time off the streets!! honestly, when i watch this show i appreciate everything i earned and this show really makes the rich look like idiots. they argue 4 stupid reasons!!
amazing... they're either all blacks or women. No white men... gee.
@ Maggie, 100K in debt? How does that hap? I couldn't handle that stress! How do you pay back that amount of $ in 5 yrs? Geeez, when I paid my car off, I felt so much relief. Just can't imagine that kind of debt! Congrat's on getting out of it!
Maybe she shouldn't have been a b!tch to her husband
she was just shopping. And she needed a few things, what is the problem? Her husband should have given her an allowance of maybe 2 thou a week for necessities,you know like a pair of shoes since I am sure she did not have enough of them.
Most of these people aren't what I would call celebrities anyway. Maybe my definition is different but I certainly wouldn't call a person on a reality show a celebrity. And at best the rest of the ten are "has beens" and more over famous for the trouble they trouble they got mixed up in. It's not like there's a Harrison Ford on the list.
@widow- 44% to govt and charity? If your rich, that's not crap! I think they can afford A LOT more than that! As for the homeless, what do you think? Should they just feed the homeless to the starving? Get real!!!!!!! You sound like a very selfish person.
I guess she better dust off the ole cooch and practice pinning back her legs so she can find a new sugar daddy
You are nasty but funny.
Rich people are the only class of people that it is socially acceptable to hate.No other economic or ethnic group is allowed to be spoken about negatively.. But if they happen to be wealthy... All bets are off.. They are immediatley portrayed as greedy,dishonest, immorall,cheap, nasty and lazy.Try saying that we as a country should force the lower economic class of this country to do anything and you will be brought up on hate crimes.. But the rich should pay more, hire more, work more and support us all.. Funny how u haters are...my private plane is waiting.. Lata haters
Yeah right. The plane is waiting cuz yer lazy azz ain't got the luggage loaded. Get to work wannabe.
Lol at private plane, most people would call that a bus, bro. Make sure you've got a token.
No one is trashing rich people, just commenting on some of them. we can have a dialogue about some of the people, some of the time and some of it is true. Don't deny that are are a lot of self indulgent people that wouldn't and couldn't care less about those less fortunate. Look at Paris Hilton,for example.
When do do we hear about Martha Stewart or Joe Wall street giving back? Stop with the tax nonsense. I am talking personally caring. They can't wait to get on the media to promote their books or perfume or clothing line but they hardly ever promote their latest charity.
We have a valley of a million people dependent on the rich going broke. So I hope it continues.
i suppose a t.v. crew will follow her around now...boo hoo!
I hope no one follows her around, not even on a bike with a disposable camera.
So now they know how it feels in the real world have to struggle to get by
These people are all fools. ABDULLAH THE BUTCHER will never go broke because he manages his money wisely and never does anything to excess, outside of the ring that is.
Yeah, and..........uhh........uuuh......*tries to contribute* , well, I think that you guys need hugs. yeeeeeah. Um, if you don't want one that's cool, I understand, it's not for everyone, I learned that the hard way....
WHY. THE. F#*K. IS THIS NEWS? pathetic, I can't believe people get paid to cover stories like this.
You should see Fox, they just had a piece on ... I forgot, they only showed it once.
Rich or poor all die and take nothing with them
This was the same chick that told her RHW friend that there is a 'hierarchy'. KARMA!!!! Love it!
No more East side living for you!!! Take a train to the Hamptons and be sure it's a round trip since you can't afford an overnight!!!
I got $20 saying that she poses nude for cash.
Don't you want to reach across the aisle anymore ?
THE REAL HOUSEWIVES OF ANYTHING IS THE MOST SENSELESS AND TERRIBLE SHOW EVER PUT ON. THEY ARE NOBODYS AND MOST OF THEIR HUSBANDS ARE HIGHER INCOME NOBODIES. YOU PEOPLE THAT ACTUALLY WATCH THIS ARE SAD SAD SOULS.
Now how are you going to eat out ?
Never watched a show, never will but there is gold in them thar hills
hope shes not teaching her daughter these kinds of values
Is this tracy Morgans sister?
I banged this housewife – me likey, ohhh so nice. You like wonton?
Wait. You said FAMOUS, right?
Cnn censored my comment...your all a bunch of slaves.
Wow im only 35, but didnt famous mean everyone knew who you are because you either had alot of talent and skill, or were really smart or even landed a plane in the hudson or some other kind of heroics. Sure she is on B grade reality show. Thats not fame, that is populaity, fame implys dignaty and respect.
"I have a taste for luxury, and bankruptcy has a taste for me."
rich ppl. I love them. The higher they are, the harder they fall. U take ur self to sleep at nite, and wake up with ur self n the morn. Some just dream of GREED while they sleep. It is what it is. Life
It is sad to fall from grace to grass, but such setbacks are common. We must not laugh at those that are facing rough times . We can only hope that things will get better with time
Boo Hoo, they can't hire bodyguards to hang with them all the time now.
Going broke for them is in having to decide which mansion to give up.. How many of their classic cars they have to sell..
And which one of their rich and famous friends is going to put them in a movie or cut them a recording deal to make it all back with...
Oh yeah and which corporation is going to pay them to put their signature on a new line of perfume or clothing... come on..These people NEVER "go broke"...
Dang, I'm droppin that chica chica
@jurby: bitter much? I find it typical for bitter ppl to self-righteously volunteer richer folk's money for the poor whilst conveniently forgetting that they themselves are richer than someone, and that someone may very well be expecting them to donate all their money to the poor too.
well said...there's always someone less fortunate
why are you thinking that these self indulgent people would give a rat's ass about someone else? They are all about them and the very idea of them caring about someone beyond themselves is incomprehensible to them. You are giving them way too much credit.
Who is Sonja Morgan? She needs tobget a job instead of marrying rich guys and taking their money in the divorces....3 million....hahaha...she ain't worth a nickel...
Oh, i'm a celebrity and now i'm broke and declaring backruptcy... this disgusts me. sorry all you celebs out there that have declared bankruptcy but you got paid millions and you selfishly squandered it on multi-million dollars homes, fancy cars, fancy restaurant after fancy restaurant, months-long vacation after months-long vacation, and you expect those of us just barely getting by paycheck to paycheck to feel sorry for you? stop your whining – you squandered millions on expensive things and got yourself into debt! if you wanted to spend all your money you should have spent it on housing for the homeless, etc instead of possessions and your own selfishness.
Jerby, better get back to cooking those fries. The boss don't like you surfing the web on his time!
You are NOT smart.. Why would the Rich most of whom EARNED there money spend it on the homeless? If they already give 44% of what they make to the government and charity why just throw money at the homeless? That makes zero sense.. The homeless need to work themselves out through government programs that used to exist like farming rehab.. It WORKED but the government shut it down in cook county in the 60's even though it had an 80% success rate in rehabbing homeless and getting them back into society.. You think if you give a bum 100k he would know what to do or feel better about himself? Wow are people stupid!!!!!! Truth is most rich people WORK there asses off.. 70-80 hours a week.. Not all millionaires got handed money. And if you worked for it YOU CAN DO WHATEVER YOU WANT WITH IT!!!!! Trust me I am no millionaire but all the complaining acting like all of the rich are bad people who waste money is crazy. Not everyone that is a millionaire is an actor or an athlete or singer.. Most are small business owners that keep this country moving!! Not all are head bosses of fortune 500 companies who dodge taxes.. Wake up!!! Most people EARN it!!
The responses sound personal. All Jurby is saying is that she spent her money like there was no tomorrow. Everything she bought is getting repossessed and it would have went a lot further with a charity. She never worked for her money. Her ex is around 80 and a founder at JP Morgan. He may have worked long hours, but she was a gold digger. As for JP Morgan – they are a part of the reason why the US is in a recession. Hard work is different than 'working a nation'. That's called a hustle. A white collar hustle.
Welcome to the real world babycakes!
What's real housewives?
As the saying goes...The more money someone makes, the more they spend. Hopefully they learn from their mistakes and become more financially responsible. We were $100k in debt (not including the mortgage), it took us 5 years to pay it all off but we never borrowed from anyone to make a payment nor have we ever been late on a payment and we most certainly NEVER declared BK; I think that's the chicken way out. We are now debt free. It was alot of hard work, long hours and learning to live within our means. I cannot feel bad for these celebrities because they didn't even bother to try to pay off their debt they just declared BK.
Good for you, but how did you get that far in the hole in the first place? Enquiring minds want to know.
It seems like you care h0 dog
"I'm sure the world thinks, 'Sonja doesn't have to worry, she's got that husband there for her.' But I'm on my own," Morgan told the New York Post.
Sonja honey, the first step towards your recovery is to fully understand and accept that "the world" is not thinking about you one way or the other.
U couldn't of said it any better!!!! These ppl have no idea on responsible finances.
Well said!! How arrogant can you get, I don't even know who the heck this person is much less do I care about her being unable to juggle her millions without declaring bankruptcy. Good Lord, some of us have to make real tough choices such as do I buy me medicine or food this week.
Why is saving money so unfashionable?
@apples-lol thats great! Extreme couponing suckas.....
all dumb mofos
And...why isn't the Octomom and her gyno included in this discussion?
Um, I think you actually have to have money before you can go broke.
Life is a b-– and then is time to wake up and smell the flowers.
Rich people berry berry stoopid. They like casey anthony and hosay bayez.
All the media did was solicit death threats for casey anthonny .
Sounds like some people need to start clipping coupons
Was that a prayer shawl Leno was holding, telling Casy Anthony jokes last night ?
moe smith – wo would you classify donald trump as a woman or a black man? do you really think that the 10 people listed here are the only celebrities ever to go broke? white men go broke just like everyone else, but the only difference is they usually jump out of window or put a bullet in their head (some form of suicide) or pull a disappearing act rather than man up and face the mess that they have made. i give that to trump, even though he has had to file a few times, he still stuck around to clean it up.
Actually, Donald Trump never filed for personal bankruptcy. His companies did. That's why he's still a millionaire.