Credit Crunch Hit Celebs

14-11-2008 15:39

It looks like the credit crunch is hitting the celebrity world as well as us mere mortals, with the Beckhams, Miley Cyrus and Joan Collins all been hit my the economic crisis.

Football's golden couple, David and Victoria Beckham may make millions ever year from Brand Beckham but they are not immune to the problems in the housing market. The couple have had to slash the price of their Madrid home after the £6.5 million mansion has been on the market for 17 months and has yet to sell.

The Beckhams are not alone. Supermodel Gisele Bündchen has also cut the asking price of her Manhattan penthouse from $10.9m (around £5.5m) to a paltry $5.9m (around £3m).

Former Dynasty actress, Joan Collins was once the highest paid actress on television. But she was spotted last week doing her weekly food shop in American discount supermarket, Target. However she did then load her carrier bags into a Rolls Royce, which we're sure fitted in with the other cars in the car park!

Disney's teenage superstar Miley Cyrus has had her credit card confiscated by her mum after overspending. Your heart bleeds doesn't it.

P Diddy released video blogs in which he moans that the cost of fuel is so high he can no longer fly his private jet and now has to fly on regular airlines. Poor lamb.

Less than a year after it opened Jay Z was forced to sell his Las Vegas nightclub 40/40 after it was reportedly plagued by financial problems.

However not everyone seems to be having difficulties. Jennifer Lopez reportedly dresses her twins Max and Emme in new outfits every single day. Some celebs will never change!

Female First - Jessica Watson