While the name Tori Spelling does not exactly recall fond memories of a Hollywood starlet, her very famous father should. Aaron Spelling is known by Baby Boomers and Millennials alike for very popular television shows such as Charlie’s Angels, The Love Boat, Hart to Hart, Dynasty, Beverly Hills 90210, 7th Heaven, and even as recently as Charmed. He passed away in June of 2006 and left behind a considerable sum of money for his children.
But as is often the case with children who are entrusted with the fortunes of their parents or grandparents, Tori Spelling found a way to spend her father’s inheritance money and currently has a net worth of just $500,000. That money is just a pittance of her father’s $500 million estate he left after he died. But not is all as it seems, and while many presume she should have a much higher net worth the numbers behind the madness tell a different story.
It’s not that Tori Spelling has not had her chances at fame and fortune. She made a number of movies and was a regular on Beverley Hills 90210. On the show The Masked Singer she was revealed as the star hiding under the unicorn costume.
However, that massive $500 million estate was something she saw very little of. Her mother, Candy, was in charge of the estate once her father passed away, and she only saw a measly $800,000 of it. Her brother got the same amount, hardly a royal sum for Aaron’s only two children. Apparently this was decided in advance as Tori and her mother were estranged, but brother Randi got the exact same amount. Starting out with $800,000 isn’t terribly bad but it isn’t exactly $10 million.
But as is common in Hollywood life, the story only begins there. She has not made the best personal choices, as her first marriage ended as a result of her adulterous behavior. After remarrying and having five children, she was on the other end of the adultery circus, discovering husband number two was cheating on her regularly while she was taking care of the children.
It might be said that what goes around comes around, but this does not seem to be true when it comes to Tori Spelling and money. When you’re doing TV reality shows to earn a Hollywood dollar, it is more than likely your career has come to an unceremonious end. Such is the case with Tori and husband Dean McDermott. In fact, they sis two reality shows, Tori and Dean: Home Sweet Home, and True Tori. What was later revealed was that they didn’t have enough money to afford a vasectomy for Dean.
Yet all this did not actually affect the decision of her father to leave such a pittance prior to his death. At first, many pointed the finger at her mother Candy, as she was in charge of the estate. But it turns out that her father put the kibosh on leaving much money to either of his children. It was Aaron that decided on the $800,000 amount. When her father was alive, she had gained a reputation as a notorious spender, apparently much to the disapproval of her father.
The latest in a series of financial hits Tori has taken was a tax lien slapped on her bank accounts by the IRS, leaving her with the aforementioned $500,000 in total net worth. Rumors are that now that the money is gone and her honey is running around on her, she is committed to getting her career back on track. She has a recognizable jewelry line on the Home Shopping Network, and also is trying to revive a television show with former 90210 star Jenny Garth. For many people $500,000 would be retirement money, but Tori finds that number as bottom of the barrel stuff.
As for her children’s living and education expenses, that is all being taken care of by Candy, so there are no worries there. Based on popular glam magazine reports, Tori is back on track to restart her movie and business careers. If she can capitalize on her previous fame (she is only 45 years old) she can start the climb up the ladder and regain some sense of respectability before the house of cards collapses. Everyone seems to have gotten their financial fingers into her wealth, so now it’s time to move on and leave a relatively shaky past behind.