Former Pop Star Aaron Carter’s Annual Income Is Now About $33K
Aaron Carter was once on top of the world — well, for a teen star in the early aughts, anyway. He was opening for Britney Spears and his brother Nick Carter’s band the Backstreet Boys, and he had a Disney Channel concert special. Most tellingly, the guy was cheating on Hilary “Lizzie McGuire” Duff with Lindsay Lohan! Carter’s estimated that he made more than $200 million before he turned 18.
But the money didn’t last, and he infamously filed for bankruptcy in 2013. Now he’s calling on Spike’s show Life or Debt and host Victor Antonio to help him put his financial life back together. A preview of Sunday’s episode shows Carter getting emotional about wanting to buy a home one day and learning that his annual income now breaks down to about $33,000.
The former pop star explained some of his unfortunate financial history on Oprah: Where Are They Now? in February. When he was a teen, Carter said his family was living large.
“We had this massive compound, with, like, 12 houses on it,” he said. “It was worth over $10 million, and I had paid a lot of that money."
After Carter turned 18, he faced two other big setbacks: He owed $4 million in tax liens and his parents — who also happened to be his managers — had not been putting 15% of his earnings into an account (per the Coogan Law) prior to him legally becoming an adult.
Carter is still more than $100,000 in debt, as he reveals to Antonio in the clip.
See the full episode at 10 p.m. ET/PT on Sunday, May 15, on Spike.
