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Gary Busey's Net Worth - He Filed For Bankruptcy in 2012 With So Much Debt

Published Fri Jan 10 2020 By Akki
Gary Busey's Net Worth - He Filed For Bankruptcy in 2012 With So Much Debt

Gary Busey is an actor with an impressive net worth of $500,000. He is the winner of the 1979 National Society of Film Critics Awards.  His major works include hit movies like; Under Siege (1992) and The Buddy Holly Story (1978). The total box office collection of the movie he has appeared has crossed $1 billion. 

Busey's fortune including Malibu house and assets like black-colored Volvo c30 car and accessories. Here are some facts about Busey's net worth;

Earning from TV's and Movies

The Hollywood star, Gary Busey is the 1979's Oscar nominee actor. His majority of the wealth is obtained from his acting career. His contribution has crossed half-century and still continuing to work in the entertainment industry. Following his acting career, he has been credited for 177 hit movies and TV shows. 

A picture of Gary Busey from Lethal Weapon
Gary as Joshua in Lethal Weapon.
Image Source: IMDb

The 1987 'Lethal Weapon' is one of the greatest action-crime films, Busey has been featured. The movie was a massive hit of the year accumulating $120.2 million as a worldwide box office collection. He has acted as Pappas in the action-crime film; Point Break (1991). The movie had huge box office success grossing $83 million worldwide.

Apart from movies, the actor also generated dollars from his appeared in various TV shows. He was featured twice as rehab Participant and mentor in the VH1 'Celebrity Rehab with Dr. Drew'. In 2015, he participates in American 'Dancing With the Stars'  season 21 with partner professional dancer Anna Trebunskaya. 

In 2014, Gary was featured in BBC One reality 'Celebrity Big Brother'. He won the show appeared over 26 episodes on season 14 and received $500,000 as of the grand prize.

A photo of Gary Busey from Celebrity Big Brother show finale.
Gary Busey wins Celebrity Big Brother.
Image Source: Closer Magazine

Income from Other Source 

Prior to his acting career, Gary Busey had his footsteps in the music world. He was a drummer in The Rubber Band and performed on several Leon Russell recordings. He manages to earn a good amount of money from his musical career, which directly contributes to his fortune.

Gary has an autobiography book 'Buseyisms' written by himself along with Steffanie Sampson. The book was published on September 4, 2018, and available online. The book can be purchased at the price of $13.99 for hardcover from Amazon.com

A picture of Gary autobiography book.
Gary's autobiography cover.
Image Source: Buseyisms

Merchandise

Being a prominent actor, Gary Busey uses his fame to convert into dollars. He owns a merchandising business by himself and has an official website for marketing. His fans and well-wisher can buy his autographed books photos and custom mugs, pillows, and t-shirt online at a reasonable price. His merchandise revenue is very high and it's has increased his wealth a lot.

Filed Bankruptcy

Although Gary Busey has a successful career, he has less money than his co-stars. He faced some serious financial issues, following his reckless behaviors and drug habit. In Feb 2012, he filed for Chapter 7 bankruptcy claiming the debt to be more than $500,000. 

As per Busey's statement, he owed IRS, Wells Fargo, and UCLA Medical Center as his bank balance was in negative $500,000, while his net worth estimated to be around $500k to 1 million.

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