Thread: Ed McMahon . . . Foreclosure?!?

I saw this on CNN this morning... but I still have no clue who he is.

I thought it was the wrestler

Evander Holyfield, Latrell Sprewell and Jose Canseco(sp?) are also facing foreclosures.

http://www.usnews.com/blogs/the-home...holyfield.html

Originally Posted by RichKid

I saw this on CNN this morning... but I still have no clue who he is.

I thought it was the wrestler

Ahhhh, you're thinking of Vince McMahon. Not actually a wrestler, but the founder of WWE. I imagine he won't have a forclosure to worry about for quite some time......unfortunately.

Ed McMahon issued a statement. How did a man go from $200 million in net worth to foreclosure?

He says "drinking." Also he had a brain injury 18 months ago and hasn't been able to work. This man is in his 80's and he has to keep working or lose his house??

Does someone have a calculator $200,000,000 divided by $6 = how many drinks?

Originally Posted by RichKid

I saw this on CNN this morning... but I still have no clue who he is.

I thought it was the wrestler

He was also the spokesmodel for Publisher's Clearing House. You know... the guy with the big check and the balloons.

Now he just shows up with the big check and balloons and asks if he can sleep on your couch. (Joke stolen from Chelsea Lately)

Originally Posted by Diane Kennedy

Does someone have a calculator $200,000,000 divided by $6 = how many drinks?

33,333,333

Apparently the cut-off for brain injuries is 33,333,332

hey guys, stop picking on Ed. Really. His bitty 50 years his junior is having it rough.

a few drinks here and there and it's not his fault.

.... seriously: (here comes my rant) let this be a lesson to all of us. Never, never. And we mean EFFING NEVER count your eggs before they hatch. If you buy a house, don't count on an extremely high paying job to compensate your butt when push comes to shove. Live within the means you know you can support. And folks, I have got news for you... (ANYONE HERE LIVE NEAR BEVERLY HILLS?) people do whatever it takes to move into that neighborhood regardless if Spears is a neighbor...

if you're gonna make it in the fastlane- do not do what Ed McMahon did: drink, gamble, work until you're 80 and spend the rest on young women. Ed's kids must be really pissed.

for those youngins- Ed was a great sidekick to probably one of the wittiest SOBs on TV... nobody has met his match to date, except MAYBE for Conan OBrien.

R

I am not an expert on this (Russ and Diane probably know a lot about stars and their money) but I do know that the large amounts you hear that these people make is just one part of the story. You have to keep in mind that movie/tv stars also have booking agents, PR people, business agents, managers and countless other people that they have to pay to keep them employed and on the A list. so when you hear that they received 5 million for a picture keep in mind that after taxes and everyone else they have to pay they probably recive less than half of that number. Now not to say that 2.5 mil isnt a lot of money but if you have a $5 mil house and multiple cars and live the hollywood lifestyle it can get eaten up pretty quick.

Has not been able to work in 18 months???? He should of been able to retire over 20 years ago.

It's hard to feel sorry for anyone like this. Yeah, he got hosed in a few divorces like most guys. He should of learned from that and tightened the straps. Instead, he continues to try to live the Hollywood lifestyle and keep up with the Joneses.

He should of moved to Montana, bought a nice ranch and spent his days fly fishing. Instead, he keeps his $6MM house he can't afford, gets ANOTHER gold digger wife who is out spending his cash while old Ed is laid up with a broken neck.

I seriously doubt the house is not selling because Brit lives near there. Not everyone is a celebrity and is worried about them. And I bet those non-celebs would LOVE to have Paparazzi around. I would think it would be a major selling point for the "nobodys".

What makes Trump thinks Ed will pay the lease vs the mortgage?

Money is money ... a $10,000 mortgage payment or a $10,000 rent/lease payment ... either or, Ed hasn't paid.

Plus, I'm sure there's some cache to living in Ed McMahon's old mansion. He's an entertainment icon.