Why doesn t Tori Spelling have money?
Spelling says that at one point she owed hundreds of thousands of dollars on her credit card and that she came close to bankruptcy, all because of her "bad shopping habits." "Bad shopping habits die hard," she explained. "In all honesty, I grew up a certain way. I never had to worry about money … that was my reality."
Aaron Spelling was reportedly worth 600 million and with his death, that fortune was left to his widow Candy. Tori, having been in the headlines for financial struggles, received a mere 800,000 of the estate in her father's will. In a 2009 open letter written by Candy, she judged Tori harshly.
These days, Tori works as a professional photographer — her business is fittingly named Tori Roloff Photography — in addition to the TLC salary she and Zach earn from appearing on Little People Big World.
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| Net Worth: | $1.5 Million |
|---|---|
| Source of Wealth: | Professional Actress |
| Last Updated: | August 2, 2022 |
Tori and her brother Randy only received $800,000 as part of their inheritance. Candy, who has a net work of around $600 million, said the decision to give Tori such a small inheritance was because she had a spending problem.
Tori Spelling Didn't Get Much Of Her Dad's Estate
But although Tori and her brother received about $800,000 each, that only makes up a small percentage of Aaron Spelling's total net worth at the time he passed away.
Spelling eventually sold the home to Petra Ecclestone, daughter of Formula One billionaire Bernie Ecclestone, for $85 million in 2011. Ecclestone paid in all cash. She made some big changes of her own, converting a room that Spelling used to store her doll collection into a hair salon and massage parlor.
So why did Randy and Tori Spelling have such financial struggles after their father died? Despite passing away with a fortune estimated in the half-billion dollar range, Aaron Spelling reportedly left about $800,000 to each of his children. That's less . 2 percent of the family fortune each!
Tori Spelling still owes $38K in credit card debt as bank desperately tries to collect cash amid divorce rumors. TORI Spelling still owes over $38,000 in credit card debt, as her bank has been desperately trying to collect the cash.
TORI Spelling has finally settled her $87,000 credit card debt after the bank demanded the Los Angeles Sheriff's Office force the star to pay up. Tori, 49, was sued by American Express Centurion Bank for unpaid credit card bills in the amount of $87,594.55 in October 2016.
Why did Candy Spelling cut off Tori?
Tori And Candy's Relationship Was Rocky
The tricky dynamic was exposed following Aaron Spelling, Tori's dad's death. Candy blamed Tori for her husband's death, saying that her decision to elope with Dean McDermott caused Aaron's early demise. The Beverly Hills, 90210 star cut off her family when she left with Dean.