Levi (@xbtlevi) header
Levi (@xbtlevi) profile picture

Short clips on money and investing. Markets | money | stakes

Joined September 2026
Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)Photo by Levi (@xbtlevi)
Mickey Rourke, the star of 9½ Weeks and The Wrestler, once said he blew all his money and lost a $35 million house. This year, he was nearly evicted over $59,100 in unpaid rent. In the video below, he explains how he told Hollywood to get lost and ended up blacklisted. In the 1980s, he was one of the hottest actors in the world. Studios saw him as the next Brando. Then he walked away from acting to become a professional boxer. He says he told so many people in Los Angeles off that he was basically blackballed. He doesn't even like actors. He calls them people who live in a bubble. "I blew all my money," he admits. His career came back decades later with The Wrestler and an Oscar nomination. But the money didn't last. In January 2026, his landlord filed to evict him from his Los Angeles home. His team started a GoFundMe without asking him, and fans raised nearly $100,000. Rourke told them to take their money back. He said he had too much pride. Is he a real Hollywood rebel, or did he just throw away everything he had?
13
4
71
8,028
Kelsey Grammer, the star of Frasier, was once the highest-paid actor on TV, reportedly making $1.6 million per episode — but no amount of money could take away the guilt over his little sister's murder. In the video below, he explains how her death pushed him into alcohol and cocaine. In 1975, his sister Karen was just 18. She was abducted and murdered in Colorado Springs. Kelsey was 20. As her big brother, he believed it was his job to protect her — and he couldn't. He started drinking heavily and using cocaine. He says he walked the dangerous streets of Manhattan at night, almost hoping someone would attack him. Then came huge success, and it only made the guilt worse. She was gone, and he was alive and famous. "I blamed myself for a long time," he says. It took him about 20 years to let go of that guilt. For decades, he has gone back to Colorado to ask the parole board to keep her killers behind bars. Was it really his fault — or is he still punishing himself for nothing?
30
33
3
427
121,211
Gary Busey was nominated for an Oscar, starred in Lethal Weapon and Point Break, then split his skull open on a curb. Years later, he filed for bankruptcy owing more than $500,000. In the video below, he describes the crash and what he says he saw when he died for two hours. In 1979, Busey earned an Oscar nomination for playing Buddy Holly. Through the '80s and '90s, he was one of Hollywood's favorite tough guys. In 1988, he crashed his Harley-Davidson at about 40 mph without a helmet. His head hit the curb, and doctors had to use bone from his pelvis to repair the hole in his skull. He says that while he was gone, he felt surrounded by angels. He calls the accident a gift. But his life never fully recovered. In 1995, he nearly died of a cocaine overdose. In 2012, he filed for bankruptcy, listing less than $50,000 in assets against more than half a million dollars in debt. Was it the crash that ruined Gary Busey's life, or the choices he made after it?
7
1
26
3,014
Tracy Morgan woke up from a coma to learn his best friend had been killed in the crash that nearly killed him. Walmart, whose truck hit them, later paid his friend's children $10 million. In the video below, in his first interview after the crash, he talks about the last time he saw his friend alive. In June 2014, the 30 Rock star was riding home from a show in Delaware on the New Jersey Turnpike. A Walmart tractor-trailer hit their limo van from behind. Federal investigators said the driver was going 65 mph in a zone lowered to 45 for construction. He had reportedly been awake for more than 24 hours. Comedian James "Jimmy Mack" McNair, Morgan's friend and writer, was killed. Morgan suffered a traumatic brain injury and spent days in a coma. He says he only found out Jimmy was gone two weeks later. At home, he kept rewatching the crash on YouTube until he came across his friend's funeral. He usually traveled with his fiancée and baby daughter. That night, he told them to stay home. He says if they had been in that van, they wouldn't have made it. Walmart took responsibility, and Morgan settled for an undisclosed amount. He later said he forgave the driver: "Bones heal, but the loss of my friend will never heal." Is $10 million a fair price for a father's life, or is there no amount that could ever make it right?
51
320
4
5,185
610,008
Tom Petty sold more than 80 million records. 19 months after he died, his daughters sued his widow for $5 million. In the video below, his daughter Adria opens up about the fight and what her father was really like. Petty died in October 2017 at 66, a week after finishing his 40th anniversary tour. His trust said his daughters, Adria and AnnaKim, and his wife, Dana, should have "equal participation" in every decision about his music. In 2019, the daughters sued Dana, saying she was making those decisions alone, and asked for at least $5 million. Dana's lawyer called the lawsuit meritless. By the end of that year, they settled and created one company to run his music together. Today, Adria runs the estate alongside her stepmother. She says whatever happened when everyone was at the worst moment of their lives should not define the family. When a legend dies, who should control his legacy: his wife or his children?
3
2
1
8
1,297
Russell Brand went from Hollywood star to a YouTube empire with 6.6 million subscribers. Last night, he slept in a prison cell. In the video below, recorded in 2023, he tells his followers the allegations are false and part of a coordinated media attack. On Thursday, a London jury found him guilty of raping a woman at his home in 2009 and sexually assaulting three other women. He was cleared on three counts, including two counts of rape. His lawyer asked the judge to let him go home for the weekend to say goodbye to his children. The judge refused, saying he could flee, and sent him straight into custody. His wife watched from the public gallery. Brand will be sentenced on Monday. The judge has already said a lengthy prison term is inevitable. Police are still investigating two more rape allegations. In the 2000s, he had his own BBC radio show, starred in Forgetting Sarah Marshall and Get Him to the Greek, and married Katy Perry. Later, he turned his channel into a business. One expert estimated he was making £2,000 to £4,000 per video. When the allegations came out in 2023, he posted this video saying his relationships were "absolutely always consensual." Days later, YouTube cut off his ad money. He rebuilt himself as a Christian, anti-establishment voice with a big following in American conservative media. The jury convicted him on four counts and cleared him on three. Was justice done, or was he a target, like he always claimed?
204
95
11
822
208,447
A decade ago, Dean Norris was one of the most recognizable faces on TV as Hank on Breaking Bad. Today his restaurant is $1.8 million in debt, his $3.2 million home is up for sale, and his wife has filed for divorce. In the video below, he proudly explains why he bought that restaurant. Norris spent decades in Hollywood, with roles in Terminator 2, Total Recall and Little Miss Sunshine. Then he became DEA agent Hank Schrader, Walter White’s brother-in-law, in 51 episodes of Breaking Bad, and went on to star in CBS’s Under the Dome. He and his wife Bridget invested in Temecula, California, the town where they raised their kids. Their biggest bet was the Swing Inn Cafe, a local landmark open since 1927. Norris turned it into a barbecue spot, and on a podcast this year he bragged that they smoke “something like 125,000 pounds of brisket a year.” In September, the Swing Inn filed for Chapter 11 bankruptcy. Court papers list about $148,000 in assets and $1.8 million in debts. Now it’s come out that Bridget quietly filed for divorce in February 2025, after more than 20 years of marriage. They share five children. Do you think one restaurant cost him his money, his marriage and his home, or was something else going on?
113
25
4
478
265,580
Brian Johnson had three Top 10 hits and was so broke at 32 that he was living with his parents and fixing windshields. Months later, he sang on an album that sold an estimated 50 million copies. In the video below, he tells Howard Stern what that time was like. In the '70s, Johnson fronted Geordie, a British band with three Top 10 hits. He says they "got ripped off like every other '70s band" and never saw the money. His marriage fell apart and he moved back in with his parents. His father told him the singing thing was never going to work. To pay the mortgage and feed his kids, he fixed windshields and put vinyl roofs on cars. He pulled a hat down low so customers wouldn't recognize the guy from TV. In 1980, AC/DC's singer Bon Scott died. Bon had once told the band about a singer he'd seen in England named Brian Johnson. Johnson almost didn't go to the audition. He was 32 and thought he was too old for rock and roll. That same day, he recorded a vacuum cleaner jingle for £350, then walked across the street to meet AC/DC. Back in Black came out a few months later. It's now one of the best-selling albums of all time, and 46 years later he's still the voice of AC/DC. What's harder: being broke and unknown, or being broke after you've already been famous?
10
5
2
103
24,565
Dustin Hoffman was paid $17,000 for the role that made him one of the biggest movie stars in the world. After his audition, even the prop man thought he’d be taking the subway home. In the video below, he tells the story of the screen test that changed his life. In 1967, he was an unknown New York stage actor, almost 30, trying out to play a 21-year-old for Mike Nichols, the hottest director in Hollywood. He and Katharine Ross kept missing their lines all day. When Nichols finally pulled him aside, Hoffman hoped he’d just tell him to go back to New York. On his way out, his subway tokens spilled on the floor. A prop man picked them up and said: “Here, kid, you’re going to need these.” He got the part. The Graduate made over $100 million, earned him his first Oscar nomination and turned an unknown actor into a star almost overnight. On the last day of shooting, that same prop man gave him the tokens in a frame. Hoffman still keeps them in his study. This week, at 89, he said making the movie that changed his life was a terrible experience, and that he felt he had no right to be there. Would you still do the job that changed your life if you knew you’d hate every day of it?
7
2
32
2,452
David Hasselhoff sweated in the desert for 90 episodes of Knight Rider. The man who voiced KITT finished each episode in 50 minutes and never once stood next to him. In the video below, the voice of KITT explains how it really worked. KITT was voiced by William Daniels, a Broadway and TV actor who later played Mr. Feeny on Boy Meets World. He read a few pages for a pitch and realized he was playing a car. On set, Hasselhoff acted next to a woman reading KITT’s lines. Daniels came into a studio at Universal, recorded the episode, and went home. When they finally met at a Christmas party, Hasselhoff asked how long it took him. Daniels told him about 50 minutes. KITT became the most famous car on TV. Hasselhoff’s own KITT later sold at auction for $152,600. Daniels’ name never appeared in the opening or closing credits. In 2020, Hasselhoff finally visited him at home. Daniels was 93. Hasselhoff said it was like talking to the car, except he was a person. William Daniels is 99 now. Did you grow up thinking KITT was real, or did you always know there was a guy in a studio behind it?
154
575
46
4,258
547,622
In 1910, nearly 9 out of 10 Black Americans lived in the South. Over the next 60 years, roughly 6 million left. They moved toward cities like Chicago, Detroit, New York, Philadelphia and Los Angeles, reshaping the demographic map of the United States. By 1970, the South’s share of the Black population had fallen to roughly 53%. Table 1 in the document shows how dramatic that shift was. In 1910, about 90% of Black Americans lived in the South. By 1940, the share had fallen to roughly 77%. By 1970, it was close to half. The Great Migration is often described as a movement of people. Mathematically, it was a redistribution of population on a national scale. Millions of individual decisions changed where Black economic, cultural and political power was concentrated. Then the trend changed direction. Starting around 1970, the South’s share of the Black population began rising again. By 2020, it had climbed back to roughly 57%. Fig. 1 shows the full pattern. A steep decline from about 90% to 53%, followed by a gradual reversal. Metro Atlanta is one of the clearest examples. Its Black population grew roughly fivefold between 1970 and 2020, helping turn the region into one of the largest centers of Black population in the country. The largest internal migration in Black American history did not simply end. Half a century later, part of it began running backward. The Mathematics of Moving Six Million People The Great Migration, Population Redistribution and the Return to the American South
7
817
Don Johnson walked into Atlantic City with about $1 million and convinced casinos to let him bet up to $100,000 per hand. Months later, he had taken roughly $15 million from three of them. He did not count cards. He negotiated the rules. Johnson understood that high rollers were valuable enough that casinos would sometimes change the economics of the game to keep them playing. His most important condition was a loss rebate. If a losing session reached at least $500,000, the casino would return 20% of the loss. That meant a $500,000 losing session did not actually cost him $500,000. It cost $400,000. Table 1 in the document shows the rest of the arrangement. Johnson could wager as much as $100,000 per hand, while favorable blackjack rules reportedly reduced the casino’s normal edge to roughly one quarter of one percent. The casino still had a tiny mathematical advantage on an ordinary hand. The rebate changed what happened when the session went badly. If Johnson won $500,000, he kept the entire $500,000. If he lost $500,000 and stopped, the 20% rebate reduced the loss to $400,000. That created an asymmetry. Fig. 1 shows the difference between a normal $1 million loss and the same loss after a 20% rebate. The deeper the losing session became after the rebate threshold, the more valuable the agreement became. Johnson then combined that structure with unusually high limits and strict stopping decisions. Between late 2010 and 2011, contemporary reports put his winnings at roughly $6 million from Tropicana, $5 million from Borgata and $4 million from Caesars. Around $15 million in total. The casinos had not removed their house edge. They had negotiated away enough of it that the economics of losing were no longer the same as the economics of winning. Johnson did not find a way to predict the next card. He convinced the casino to change what happened when the cards went against him. The Mathematics of a 20% Loss Rebate Blackjack Rules, Asymmetric Risk and the Deal That Cost Atlantic City $15 Million
1
2
545
A Yorkshire mill worker went to Monte Carlo and spent weeks watching roulette without placing a serious bet. He was not looking for luck. He was looking for a broken wheel. Joseph Jagger understood machinery. Years around textile equipment had taught him that a spinning mechanism could look perfectly balanced while still containing tiny physical imperfections. At Monte Carlo, Jagger reportedly hired assistants to record thousands of roulette results across different wheels. Eventually, one wheel began to behave differently. Certain numbers were appearing more often than they should on a perfectly random European roulette wheel. That changed the mathematics completely. A European wheel has 37 pockets, which means any single number should appear about 2.70% of the time. A straight-up number pays 35 to 1. Table 1 in the document shows the critical threshold. For a one-number bet, the break-even probability is about 2.78%. Below that, the casino has the advantage. Above it, the expected value turns positive. The difference looks almost meaningless. If a particular pocket were actually landing 3% of the time instead of 2.70%, the expected return would move from negative to approximately +8% per unit wagered. That is the kind of small mechanical bias Jagger was trying to find. He began betting heavily on the numbers associated with the biased wheel and historical accounts say he eventually won more than two million francs. Casino staff noticed that his success followed one physical wheel. They moved the wheels between tables. Jagger reportedly recognized the same wheel again from physical markings and continued betting. Fig. 1 in the document shows why the strategy worked. He was not predicting where a random ball would land. He was measuring whether the machine itself was changing the probability distribution. Once the casino repaired, modified or replaced the biased equipment, the advantage disappeared. Jagger did not beat roulette by becoming luckier. He found a roulette wheel that had stopped behaving like roulette. The Mathematics of the Wheel That Wasn’t Random Mechanical Bias, Expected Value and the Man Who Broke Monte Carlo
1
7
454
Walter Koenig played Chekov on Star Trek for over 20 years. When he died at 90, William Shatner's goodbye began with: we didn't know each other well. In the video below, Koenig reveals what it was really like to work next to Captain Kirk. Koenig joined the original series in 1967 as the young Russian navigator. He stayed through all six movies. Shatner was the star and, as Koenig put it, the money player. Every shot was set up so that Kirk was in the foreground. Behind the scenes, the money was just as uneven. George Takei says Shatner's contract guaranteed that if anyone was ever paid more than him, his pay would rise to match. When the rest of the cast asked for the same deal, they were turned down. None of them ever got a cent from the decades of reruns. And when Star Trek became a cartoon in 1973, Koenig was the one cut from the cast because the budget couldn't fit him. Koenig says Shatner never tried to be friends with the supporting cast. Only later did he learn how angry Takei really was, and he says Shatner insisted a scene where Sulu is promoted to captain be cut from the movie. This week, Koenig died, and Patrick Stewart, the captain who came after Kirk, died three days later. Shatner and Takei are now the last two left from the original crew. Is Shatner's goodbye honest, or should you say more about someone you spent 20 years working with?
211
228
15
2,442
390,429
Scottie Pippen helped the Chicago Bulls win six championships. In the final season of the dynasty, he was only the 122nd-highest-paid player in the NBA. The reason started seven years earlier. In 1991, Pippen signed a long-term contract worth about $18 million. At the time, security mattered more to him than maximizing future salary. He later explained that he was worried about getting injured and wanted to guarantee that his family would be taken care of. The problem was what happened next. NBA salaries exploded. Pippen became one of the best players in basketball, but his contract barely moved with the market. By the 1997–98 season, he was earning about $2.775 million. Michael Jordan was making more than $33 million. Pippen was not even one of the five highest-paid players on his own team. The contract had protected him from one risk while creating another. He eliminated the possibility of losing everything to injury, but also gave up the ability to renegotiate as his market value increased. That is the trade-off the document measures. Table 1 compares Pippen’s fixed salary with the salaries around him as the NBA market expanded. Fig. 1 shows how the gap widened over time between what his contract guaranteed and what elite players were beginning to earn. By the final year, Pippen’s salary ranked 122nd in the league despite being one of the central players on a championship team. The deal was not irrational when he signed it. It simply locked one decision in place while the economics around him changed dramatically. He bought certainty. The price was everything he could have negotiated later. The Mathematics of Being Underpaid Long-Term Guarantees, Salary Inflation and the Cost of Financial Security
2
10
1,388
Mike Tyson earned an estimated $140 million from just six fights after leaving prison. Then he sued the man promoting him for $100 million. In 1998, Tyson filed a federal lawsuit against Don King, alleging that King and related companies had cheated him out of tens of millions of dollars through contracts, accounting and control over his earnings. King denied the accusations and filed counterclaims of his own. The scale of the dispute only makes sense when you look at how much money Tyson was generating. After returning to boxing in 1995, he immediately became one of the biggest commercial attractions in the sport. Across six fights between 1995 and 1997, Tyson reportedly earned about $140 million in purses. Table 1 in the document puts those numbers next to what came later: a $100 million lawsuit, approximately $38.4 million in bankruptcy obligations, and a $14 million settlement. Those figures are not the same kind of money. The $140 million was reported fight income. The $100 million was Tyson’s claim for damages, not a court finding. The $38.4 million represented obligations to creditors, tax authorities and others during bankruptcy. The $14 million was the amount eventually paid to settle the lawsuit. Fig. 1 shows how extreme the contrast became. Tyson could generate more than $100 million in the ring and still end up with tens of millions in obligations outside it. By 2003, he had filed for bankruptcy. The following year, the lawsuit against King was settled for $14 million. Tyson did not simply receive that money as cash. Reports said the settlement was directed into his bankruptcy plan to help pay creditors. That is the part of the story that matters most. Gross earnings are not wealth. Promoter fees, management, taxes, spending, debts and contract disputes can turn enormous headline numbers into a completely different financial outcome. The Mathematics of a $100 Million Boxing War
2
20
932
AI video is expensive. Paying a markup on top of it is optional. Sunra just launched its API: → one key for the top image, video, audio and 3D models → each model at its maker's own API price → no subscription, no markup, pay as you go Same Seedance 2.5 clip, 10s, 720p with audio: Sunra ~$2.31 fal / Higgsfield ~$4.62 Same model, same settings, half the bill. What would you build if video cost half as much? 👀
🤝 Paid partnership
Today we're launching the Sunra API. Every leading image, video, audio and 3D model through one key, each at its maker's own API price. Pay as you go, with no subscription and no markup. The models are ready. Your app is next.
5
18
992
Allen Iverson earned more than $154 million in NBA salary. But one of the most important financial decisions of his career involved money he could not touch. In 1996, Reebok signed Iverson to a 10-year, $50 million endorsement deal after Philadelphia selected him No. 1 overall. Five years later, after his MVP season and run to the NBA Finals, the relationship became a lifetime agreement. The structure was unusual. Iverson would receive $800,000 every year for life, while another $32 million was placed into a fund that would not become accessible until he turned 55 in 2030. Table 1 in the document shows how different those two types of money were. His NBA salary produced enormous income during a relatively short playing career. The Reebok deal created something completely different: a permanent annual cash flow and a large pool of capital separated from his immediate spending. That distinction became more important after Iverson stopped playing. Fig. 1 shows the timeline from his first Reebok contract in 1996, through the lifetime deal in 2001, the end of his NBA career, and finally the $32 million access point in 2030. The mathematics are simple. For every year the lifetime agreement remains active, another $800,000 enters the cash flow. The $32 million sits separately until the contractually defined age. That means the deal was not designed only to maximize how much Iverson earned. It also changed when he could access part of the money. More than two decades after signing him, Reebok still considered Iverson valuable enough to keep paying him, and he later returned to the company in an executive basketball role. His playing career created the fame. The contract turned part of that fame into income designed to survive long after the games ended. The Mathematics of Money You Cannot Touch Deferred Compensation, Lifetime Cash Flow and Allen Iverson’s $32 Million Reebok Trust
2
20
1,010
Floyd Mayweather paid $750,000 to get out of his Top Rank contract. Years later, a single fight was reportedly worth around $275 million to him. The important part is not that his purses got bigger. It is that Mayweather stopped thinking like a boxer being paid to fight and started thinking like an owner taking a percentage of the entire event. In 2005, his reported payday against Arturo Gatti was about $3.2 million. Two years later, the Oscar De La Hoya fight pushed that figure to roughly $25 million and generated 2.48 million pay-per-view buys. By the time he fought Canelo Alvarez in 2013, Mayweather’s compensation was reported above $70 million, while the event generated about $153 million in PPV revenue. Table 1 in the document shows how quickly the economics changed once his income was no longer tied to a fixed purse alone. The biggest jump came in 2015. His fight with Manny Pacquiao sold roughly 4.6 million PPVs, generated about $440 million in PPV revenue and produced a live gate of more than $72 million. Mayweather’s reported take was around $250 million. Two years later, the McGregor fight produced another enormous event, with about 4.3 million PPV buys and more than $550 million in total revenue. Mayweather’s reported payday was around $275 million. Fig. 1 shows the progression clearly: $3.2 million, $25 million, more than $70 million, then roughly $250 million and $275 million. The $750,000 buyout from Top Rank looks small next to those numbers, but financially it may have been the most important payment he ever made. It gave him more control over promotion, PPV participation, sponsorships, gate revenue and the commercial structure around his fights. His wealth did not come only from being the best-paid fighter. It came from owning more of what happened around the fight. The Mathematics of Mayweather’s Paydays Pay-Per-View, Promotion Rights and the Economics of Boxing’s Biggest Nights save this
1
21
1,207
Kevin Hart accused his best friend of 16 years of trying to extort him over a sex tape. His friend was arrested. Years later, every charge was dropped. In the video below, J.T. Jackson says Hart’s team offered him money to stay quiet, and reveals what he demanded instead. In 2017, Hart and Jackson went to Las Vegas together. Soon after, a secretly recorded video of Hart with another woman surfaced, while his wife was pregnant. Someone demanded millions to keep the footage private. Hart went public, apologized to his family and said he wouldn’t let anyone profit from his mistakes. In 2018, police arrested Jackson and charged him with extortion. He says he lost his career, his reputation and his peace of mind. Prosecutors dropped the extortion charges, and by 2021 the entire case was gone. Jackson says he agreed to a settlement under one condition: Hart had to publicly clear his name. He says Hart never said the one line he needed, that he “had nothing to do with it.” Now he’s suing Hart for $12,000,000. Hart has not publicly responded to his claims. If your best friend had you arrested for something you didn’t do, would you take his money and move on, or fight until he cleared your name
291
1,406
220
11,703
1,764,655