Bad Celebrity Investments
Actress Kim Basinger bought the town of Braselton, Georgia for $20 million in 1988 and sold it for $1 million in 1993. Buy high, sell low.
In 2006, baseball legend Curt Schilling founded Green Monster Games with $50 million of his own money, which struck out big time and went belly up in 2012. Swing and a miss.
Burt Reynolds made a string of money-losing investments, but his $20 million investment in Po’ Folks restaurants went down the drain, making Reynolds mighty po’ himself.
David R. Evanson is a financial journalist in Philadelphia.