Imagine it taking over two decades to pay off a divorce settlement. The late actor Burt Reynolds knew the dilemma all too well, as it took 22 years for the “Smokey and the Bandit” star to pay off what he owed his ex-wife Loni Anderson. As per TMZ, Reynolds finally paid off the outstanding debt to his ex-wife in 2015.
The pair’s five-year marriage led to “Reynolds’s slide into bankruptcy, foreclosure proceedings, shame, and retreat,” as per Vanity Fair. They split up in 1993 and finalized their divorce that same year. As per TMZ, Reynolds agreed to pay her nearly $250,000. While the “Boogie ” star paid some of the money to the “WKRP in Cincinnati” star, she claimed he still owed her almost $100,000. Reynolds fell short of their agreement and ultimately filed for bankruptcy in 1996. A costly divorce, several failed business ventures, and a failure to pay back CBS for a nearly $4 million loan all contributed to Reynolds’ financial turmoil.
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Reynolds died in 2018, leaving behind $5 million to his name. Despite his tumultuous relationship with money, the actor told Vanity Fair in 2015: “I would have spent more money and had a lot more fun,” he said. “It’s always possible to spend more money.”
