Lindsay Lohan’s Net Worth (And How She Lost Most of Her Income)
Once upon a time, Lindsay Lohan was on top of the world. She was a fresh-faced, young actress who seemed destined for long-term success. However, all of that went away once her expensive spending habits and legal troubles got in the way. We may still see Lohan in the headlines, but now, it’s typically as a result of her latest scandals.
Here’s how Lohan made (and lost) the majority of her income, as well as the shockingly low net worth she has today.
Her net worth is just $800 thousand
As of 2018, Lohan has a net worth of just $800 thousand, according to Celebrity Net Worth. This number is particularly shocking, considering she was a certified “it” girl in Hollywood in the earlier 2000s. Back in 2004, the year we were blessed with what was arguably her most popular movie ever, Mean Girls, her net worth looked quite a bit different.
SheKnows reported that when Lohan was just 18 years old at the time, she was worth over $30 million.
She earned more than $20 million from acting
Based on Lohan’s past net worth of $30 million, it makes sense that Lohan would have earned more than $20 million from her acting salary alone. Here’s how much she made from each of her biggest roles:
- The Canyons (2013): $6,480
- Scary Movie 5 (2013): $200,000
- Freaky Friday (2003): $550,000
- Liz & Dick (2012): $300,000
- Confessions of a Teenage Drama Queen (2004): $1,000,000
- Mean Girls (2004): $1,000,000
- Lindsay (2014): $2,000,000
- Herbie Fully Loaded (2005): $7,500,000
- Just My Luck (2006): $7,500,000
- Georgia Rule (2007): $7,500,000
She searched for income in other ways
While Lohan was still on top in 2004, she decided to follow the path of so many before her and give music a try. After all, we did get a taste of her signing capabilities the year before in Freaky Friday. She released her debut album, Speak, which actually shipped over 1 million copies. However, reviews for the album weren’t exactly raving. Stephen Thomas Erlewine of Allmusic called it “a slick, ugly nadir of 2000s pop culture.”
By 2008, she refocused her career by launching her own fashion line called 6126. According to CNN, it was named after Marilyn Monroe’s birthday (June 1, 1926) — who she considers her idol.
Lohan appeared nude in the January-February 2012 issue of Playboy — which earned her $1 million. Then, in August 2013, she earned another $2 million to appear in a series of interviews with Oprah Winfrey.
https://www.instagram.com/p/BnRB5-_BhN2/?taken-by=lindsaylohan
Her expensive spending habits
Apparently, blowing through millions is easier than one would think. Lohan couldn’t help but indulge in expensive spending habits — and now, she’s suffering the consequences. A good portion of her income went to purchasing fancy cars, designer clothes, overpriced handbags, and meals at lavish restaurants. Plus, she was hitting up three clubs a night, which can quickly make a big dent in your bank account.
While living her expensive and partying lifestyle, she ended up picking up a pricey drug habit. According to a 2010 Business Insider article, Hollyscoop reported on just how much Lohan was dropping on narcotics:
There were reports a few days ago back that Lohan was allegedly spending about $5,000 a week on drugs, but our “source” insists that this figure is reportedly closer to about $3,500. The last few months Lohan was allegedly “spotted” narcotics, because she’s in debt to the people who are supplying her, but no one’s really giving her a hard time because she’s Lindsay Lohan. The source added that Lohan is apparently in $30,000 debt for narcotics.
Her legal troubles
And with Lohan’s drug and alcohol problem came a whole slew of legal troubles. Between 2007 and 2013, she was arrested several times for DUIs, reckless driving, altercations, and shoplifting. As her court appearances, mugshots, and rehab stints racked up, the amount of money she owed piled on, as well.
2011 and 2012 were particularly tough years on Lohan’s bank account. She was sued for $90,000 in unpaid limousine fees, in addition to $40,000 in unpaid tanning services at a Nevada tanning salon. In 2011, her rehab fees also amounted to $30,000. And by the next year, it was revealed that she owed $233,000 in unpaid federal back taxes, so the IRS seized control of her bank account to return the funds.
Lohan ended up using the majority of her $2 million income from her Oprah interviews in 2013 to pay back taxes, rehab fees, and IRS debts. We can see why, considering in 2010, her net worth was at its lowest: $100,000.
In an October 2010 interview with Vanity Fair, Lohan admitted to what sparked her financial issues. “I was 18, 19 — with a ton of money and no one really here [in Los Angeles] to tell me that I couldn’t do certain things,” she said. “And I see where that’s gotten me now, and I don’t like it.”
She added, “I would look up to those girls … the Britneys and whatever. And I would be like, ‘I want to be like that.’”
