Superstars of the Yesteryears – Where are They Now: Burt Reynolds: Lessons About Money
It is a very common story. A young superstar squanders his fortune on debtors and women. Or is it? Burt Reynolds talked to Vanity Fair Magazine about his career, bankruptcy, and regrets.
Who could forget the wild and winsome persona of the seventies star, Burt Reynolds? The man knew fame like no other actor. He was the top box office draw from 1978 to 1982, for five straight years. Younger stars like Tom Cruise and Mel Gibson will find the feat enviable. In 1977, his movie, “Smokey and the Bandit,” turned him into a brand. He has been seen on action figures and lunchboxes ever since.
It was said that Reynolds had filed for Chapter 11 bankruptcy protection. He had listed $6.65 million in assets and debts totaling $11.2 million. But sometimes the rumors are worse than the real story. If the rumors floating around were to be believed, Reynolds has been down and out, branded with bankruptcy and shame. But nothing could be further from the truth. Reynolds is doing fine and is even seeing someone these days. He told Vanity Fair, “I’m not bankrupt, by any means. I’m not even worried about it.”
The interview was conducted on his living quarters called Valhalla. Valhalla is a sprawling 3.4-acre estate that boasts a river view and shares the boundary of a state park. Reynolds has always lived comfortably and now in the twilight of his life, he has many possessions that he can auction off if there is a pressing need for money. At a recent auction, where he auctioned off much merchandise from his past exploits which included a love letter from Katherine Hepburn, he brought in over 2.5 million dollars. He has much loot stashed in the forms of art and artifacts even now that he can cash in on anytime.
Vanity Fair asked Reynolds to list out his regrets and he said that he had regrets about money and women. He also said that he had regrets about losing Sally Fields, who was the one true love of his life. He also said that he had seen a few actors manage money better than him, but he was a better actor than them. In his own words, his greatest regrets that he didn’t spend more money to have a lot more fun.
“Yeah,” Reynolds told the interviewer, “It’s always possible to spend more money.”
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Photo Source: Facebook/ Burt Reynolds