But at 82 years old, he had a net worth of $5 million, according to Bankrate.
The legendary actor dominated Hollywood in the ’70s, scoring an Oscar nomination for his role in the 1997 film “Boogie Nights.” But despite his wildly successful box office run, Reynolds filed for bankruptcy in 1996 after falling into more than $10 million of debt.
According to a 2015 profile in Vanity Fair, his costly divorce from Loni Anderson in the early ’90s “accelerated Reynolds’s slide into bankruptcy, foreclosure proceedings, shame, and retreat.”
“I’ve lost more money than is possible because I just haven’t watched it,” he told the magazine. “I’ve still done well in terms of owning property and things like that. But I haven’t been somebody who’s been smart about his money. There are a couple of actors who are quite brilliant with the way they’ve handled their money. But they’re not very good actors.”
When that profile was published, speculation was swirling that Reynolds was broke once again — particularly because he auctioned off several personal items, such as his 1998 Golden Globe award for “Boogie Nights.”
“That pisses me off,” he told Vanity Fair of the rumors. “That’s one of the rare things that does piss me off. I’m not bankrupt, by any means. I’m not even worried about it.”
According to his Vanity Fair profile, Reynolds spent lavishly at the height of his fame. Before declaring bankruptcy, he boasted an impressive real estate spread, including: “a 153-acre ranch in Jupiter, Florida; a spread in Arkansas; mansions in Beverly Hills and Malibu; a Tara-like estate in Georgia; and a mountaintop retreat in the Smokies of North Carolina.” He also owned a private jet, a helicopter, numerous unique sports cars, and 150 horses. He spent over $100,000 on toupees alone.
Despite this truly opulent lifestyle, Reynolds also opened up to Vanity Fair about his chief regret in life.
“I would have spent more money and had a lot more fun,” he said. “It’s always possible to spend more money.”
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