When Redd Foxx passed away, he had a net worth of -$3,000,000. This negative figure indicates that his financial liabilities significantly outweighed his assets at the time of his passing.
Understanding Redd Foxx's Financial Situation
Despite a highly successful and prolific career as a comedian and actor, most famously known for his lead role as Fred G. Sanford in the iconic 1970s television sitcom Sanford and Son, Redd Foxx encountered substantial financial difficulties later in his life. These challenges primarily stemmed from significant tax debts owed to the Internal Revenue Service (IRS).
By the late 1980s, the IRS had taken extensive measures to collect these outstanding obligations, including seizing many of his personal assets such as his home and vehicles. His ongoing financial struggles, marked by these substantial debts, persisted until his death, leading to the reported negative net worth. This situation highlights the complex financial realities that can impact even highly successful public figures.
Biographical Snapshot of Redd Foxx
To provide a broader context to the life and career of Redd Foxx, here are some key biographical details:
| Detail | Information |
|---|---|
| Born | December 9, 1922 |
| Hometown | St. Louis, Missouri, United States |
| Net Worth | -$3,000,000 |
| Height | 5'10" (1.778m) |
Redd Foxx's career spanned several decades, influencing generations with his distinctive brand of stand-up comedy and memorable acting performances. However, despite his widespread fame and contributions to entertainment, his personal financial affairs were heavily burdened by significant liabilities.
