Lindsay Lohan may be overdoing it on the … uh … Red Bull, because Gatecrasher is reporting that she’s broke as a joke right now.
According to friends of the two, Lindsay’s overspending is out of control, and it’s putting additional strain on the ladies’ already volatile relationship.
“Lindsay is spending like crazy!” a friend of the actress tells us. “She’s living on credit right now. She has no cash. The problem is, the money being spent is mostly Sam’s because Lindsay doesn’t really have any of her own at the moment; she’s really taken on the ‘man’ role in their romance. Sam really thinks Lindsay needs to learn how to become a recessionista and manage her money better.”
A second pal agrees. “Lindsay’s money situation has never been great, but it’s only gotten worse over the last month. For every dollar she makes, she spends double. Her personal appearance fees are literally the only thing keeping her afloat. But here’s the rub: Because of her explosive relationship with Sam, she’s unable to get the type of cash she’s used to. The negative press and constant appearance cancellations are hurting her pocketbook.”
Recent extravagant purchases the starlet has made include a $30K Rolex watch and a new Maserati, a glam ride which usually costs upward of $100K.
I don’t know how true this is. I mean, Lindsay didn’t exactly inherit a lot of smarts about money (you’ll recall that her father is a former Wall Street trader who did four years in the slammer for stock fraud … NOT SMART), and it’s not like she’s making a whole lot of movies or albums lately, but she is still one of the most famous people on the planet, and there’s money to be made there. Sure, she may be flaking on party appearances, but let’s err on the low side and say she makes $10K for an appearance. So if she manages to drag her hungover ass to just 5 of those a month, she’s making $50K/month. Add to that her fairly consistent modeling gigs (she recently told Nylon mag that she’d be happy just focusing on modeling), whatever under-the-table money she’s getting from photo agencies and for product placement, and residuals on her past hit films and albums, and realistically this girl is clearing $100K/month easily. Let’s say 20% of that goes to her agents and PR folks, so we’ll give her $80K/month, and this is probably a very low estimate. Take out taxes (after the fact that she can write off basically everything she does ever) and we’re looking at $60K/month. Again, this is probably a VERY LOW estimate of her income.
The Maserati, assuming she’s on a payment plan, is running her around $3500/month. Mortgage is probably $10K, maybe a little more. She probably spends around $5K on hair monthly, plus a stylist and makeup artist at around $5K. I assume most of her travel and hotels are funded by whomever’s hosting the event she’s attending, but let’s go ahead and budget $15K/month for travel. Gas, food, etc is negligible here. Alcohol’s probably comped most of the time she’s out, and let’s budget “party favors” at $15K, although this may be a low number, but I’m assuming she gets most of it for free. So we’ve got her at around $55K/month in financial obligations, and the rest is free for shopping, much of which is probably given away to her or sold at a deep discount.
I have no idea why I just spent twenty minutes of my life doing Lindsay Lohan’s budget, but I’m always kind of annoyed with these “LINDSAY IS BROKE!” stories when odds are she’s doing just fine.
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Take out another 30K a month for her therapist.
if she IS broke that would explain that terrible fornarina ad
Wellsaid.A very rare yet good and fair blog on Lindsay.Keep it up.
yeah beet, im an engineer too
She should still be able to charge top dollar for one of those rowboat blowjobs.
“recessionista?” shoot me
Looks like she might have to go on the next Dr. Drew Celebrity Rehab to be able to afford her next stint. Rehab is VERY expensive.
“Broke” is relative. When I am broke it means I can’t pay my gas bill. When Lohan is broke, it probably means she can’t buy a SECOND Maserati.
Oddly, I believe, no matter how much money she might earn in a month… she would still spend more than she had earn. There is never enough.
Which by the time she is 30… she will be as relative as Corey Haim. Just another young actor who snorted up their future.
What surprises me is that her Mother has been so quite… normally Orange Oprah is out in full force yakking it up with anyone who will listen. Yet, I have not seen her anywhere in months.
I agree. Young actors who are their families’ meal and party tickets don’t get taught adult skills because their parents are themselves unstable and dependent on their children. She has an ex-con father and a frustrated show-biz mother. Her father seems to be incapable of admitting the terrible influence he has been on his family and is only capable of blaming Lindsay’s girlfriend and her mother is invisible.
Has her mother given up hope? At least Sam, who is clearly in a dysfunctional, and probably, an enabling relationship with Lindsay, seems to be trying to also be supportive of her. Ugh – can she pull a Brittany-style turn-around without someone else taking over control of her affairs? I doubt it, but if she gets sober, maybe.
Don’t care! Good for her.. Wait, hold on….ok, back…Still don’t care… love to see her broke and begging, more fighting, ‘openly’ back on drugs, doing more really bad foreign commercials. then those “MA” rated straight to DVD movies… Awesome.
Yuck, she has some nasty looking hands!
It’s inconceivable to me that Sam is being blamed for Lindsay’s problems, which clearly pre-date their relationship. The real reason for her unemployability for longer-term projects is obviously her addictions, not “Because of her explosive relationship with Sam, she’s unable to get the type of cash she’s used to”.
Why there’s so much coyness in referring to “party favors” and hangovers when it sounds like her real problem is coke addiction, plus who knows what other drugs, on websites that have no problem referring to vaginas and penises and using obscenities, I have no idea. Why doesn’t someone just get a warrant to search her home and arrest her again, so that she can get back into rehab?
If that had been done to Whitney Houston years ago, perhaps decades of her adult life wouldn’t have been wasted smoking crack and we’d all have more of her amazing work to enjoy for posterity. Is there some sort of tacit agreement by the police to not bust the rich and famous? If so, why does George Michael keep getting busted? Because he’s gay?
if she is broke (which i doubt) i don’t care. lindsey has sunk to being kind of like paris hilton- a teeny tiny bit better, but the same general ballpark: another spoiled, talentless, skanky, dishonest, self-absorbed, oddly orange famewhore.
I swear I don’t get why these people buy anything when they get swag everywhere they go. Why do you have to shop when designers are always handing you things for free? If I was famous I would be the biggest tightwad.
This does not suprise me, the apple doesn’t fall far from the tree. Daddy Lohan blew all the money he scammed from his investors on COKE just like his little girl. This whole family needs a psychiatrist. Speaking of which, has Daddy Narcissist blogged about it yet?
My oh-so-thoughtful postings have gone a-wandering into the internet ether. The world will have to await my infinite wisdom, which I faithfully save for the Beet, the whole Beet and nothing but the Beet. Does anyone else pour their heart into their postings only to have them never appear? Tell me why!
I mused sincerely about the Lowly Lohan only to have my scintillating remarks go the way of the dodo, as my mother-in-law used to say. Phooey. Is some techno-glitch Beeting me to the punch?
Gateway error 504.
wow- you really worked it out didn’t you? but i agree-this broke shit sound like bull and this weeks obligatory lohan scandal. and anyway broke in hollywood ain’t the same as broke everywhere else.