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Dionne Warwick Owes $10 Million in Taxes, Files For Bankruptcy

Ten meeeeellion dollars?! Actually, according to TMZ, legendary singer Dionne Warwick owes more than $10.2 million in taxes and fees. She recently filed for bankruptcy.

Dionne claims she only has $25,000 in assets. Court documents obtained by TMZ show she makes $20,950 but spends $20,940, leaving her with $10 a month. Dionne reportedly said she spends $5,000 a month on housekeeping and $4,000 a month on a personal assistant, among other things, and claims she only makes $1,000 a month from music royalties.

Her rep told TMZ the financial problems were due to "negligent and gross financial mismanagement" in the late 1980s through mid-1990s. (Where were her psychic friends to warn her?)

Can you even imagine having that much money, spending that much money, and losing that much money without really being able to account for it yourself? Yikes.

Source: TMZ

03.26.2013 / 09:46 PM EDT by Gina Carbone
Related: News, Music, Weird News

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