Audiences watched Tori Spelling and Dean McDermott's rocky relationship play out on the small screen,
but it looks like her marriage isn't the only thing that's in crisis.
Her fortune has apparently gone down the tubes as well.
Here's how she blew through all that cash.
"I assumed that you're horrible with money…well duh"
Tori's father, film and TV producer Aaron Spelling, was worth $600 million at the time
of his death in 2006.
But despite the fortune he'd amassed, he left only $800,000 to Tori.
Her mother, Candy Spelling, told The New York Times that was because she and Aaron didn't
trust Tori not to squander his hard-earned cash, adding,
"She would close a store and drop $50,000 to $60,000.
I never did anything like that.
She just went crazy."
"I was like oh my gosh look at that Fendi purse, whoa look at the price of that Fendi
purse, and then..."
In her 2013 memoir, Spelling It Like It Is, Tori admitted,
"It's no mystery why I have money problems.
I grew up rich beyond anyone's wildest dreams…Even when I try to embrace a simpler lifestyle,
I can't seem to let go of my expensive tastes.
Even when my tastes aren't fancy, they're still costly."
"They're Gucci, they're rhinestone, and nowadays I'd be like oh my gosh I just paid what for
these?"
Candy has reportedly been subsidizing Tori's habits for the sake of the kids, telling TMZ,
"I've been paying all her bills now…just for the house, and the kids' schools, and
their food."
"Growing up in my family we didn't talk about money a lot.
That probably set me up for not knowing too much about how to handle money."
Spelling admitted in 2019 that she never actually learned to manage her money, revealing on
her YouTube series Tori True And True:
"I am not great with money.
I had a business manager since I was 18 years old, so I never handled any of my money."
Thankfully, Spelling doesn't want her kids to make the same mistakes that she did.
"You said I could choose anything I want.
Don't talk to me in front of people like that.
Now you're saying I can't?"
As she's realized how little she knew about managing money growing up, she's now doing
her best to set her own kids up for financial success in the future.
"That's something that's really important for me to do as I'm learning myself now, in
my 40s.
I really want my kids to know about it before they move out on their own."
In 2017, Page Six reported that the IRS drained Spelling and McDermott's bank accounts to
recoup nearly $1,000,000 in back taxes the couple owed, going back years.
But the feds weren't the only creditors who came for them.
In 2016, E! News reported that Spelling was ordered to pay a nearly $38,000 debt to American
Express in a default judgment.
The outlet also reported that City National Bank sued Spelling and McDermott in 2016 for
allegedly failing to pay back a $400,000 loan, years earlier.
As of early 2020, Spelling and McDermott are parents to five young kids: Liam, Stella,
Hattie, Finn, and Beau.
Spelling told People magazine in 2017 that she was considering adding a sixth child to
the mix, but even parents of just one kid know that raising children isn't cheap.
Spelling told the outlet in 2013 that she and McDermott couldn't even afford a vasectomy,
which costs between $350 to $1,000, according to Planned Parenthood.
She said back then,
"We're in the entertainment business, and things change year to year.
We don't have a series on the air right now, so we have to be more restrictive of what
we can spend, just like anyone who doesn't currently have a steady job."
Interestingly, in 2014, after McDermott was busted cheating on Spelling, she reportedly
changed her tune on the matter.
She claimed that immediately after their convo about said vasectomy, Dean allegedly stepped
out on her with another woman.
Here's hoping they spent at least some of her inheritance on that $1,000 snip, because
the return on investment may be worth it for the troubled couple in the long run.
"I believe in love, I believe in shoes, and I believe in Louboutins."
Spelling's outlandish spending isn't limited to her own wardrobe.
She also spoils her kids and their pals for her children's birthday parties, even if it
means breaking the bank.
"Aww!"
"Can somebody get me underwear?"
When it comes to her children, Spelling spares no expense, regardless of her financial issues.
In 2014, Radar Online reported that the star spent around $6,000 on her daughter Stella's
sixth birthday party.
The swanky affair was held at the Le Chic Spa in Tarzana, California, and the actress
supposedly spent around $90 per guest to give the little invitees the full spa experience,
complete with makeovers and organic facials.
The pint-sized guests also left with backpacks full of party favors, including Disney DVDs,
dolls, lip gloss, and more.
"Oh yeah we're about to get into it."
Though Grandma Candy may be paying for much of the family's living expenses, she may not
have set the best example for her daughter by throwing her a $40,000 baby shower for
her fifth child in 2017, according to the Daily Mail.
But by 2019, however, Dean and Tori seemed to have turned over a new leaf, at least in
terms of birthday party spending.
They celebrated their youngest son Beau's 2nd birthday at the comparatively cheaper
Giggles N' Hugs restaurant, where a party of up to 15 guests can range from $200 to
$650.
Spelling and McDermott have moved several times within southern California since their
financial troubles began in 2011.
That's when they sold their Encino home for $2.5 million, a $400,000 loss on its purchasing
price, according to the L.A. Times.
"Celebrities go through financial struggles too.
We make mistakes too, we're not perfect."
They then bounced around the area, selling homes at a loss, and paying tens of thousands
of dollars in rent per month for places in Malibu, Tarzana, Woodland Hills, Encino, and
Calabasas, before landing in Hidden Hills, renting a home for $13,000 a month.
In her memoir Spelling It Like It Is, Spelling summed up her family's bank account-draining
habit of home-hopping, writing,
"I moved houses to simplify my life, but lost almost a million dollars along the way."
Spelling is a lover of antiques and an unabashed quote "hoarder" of basically everything.
"I'm not kind of a hoarder, I'm a full-fledged hoarder."
In order to monetize her passions, she opened a specialty boutique called InvenTORI in 2011,
which sold antiques, furniture, gifts, and other items, according to People magazine.
Sadly, according to Radar Online, the store officially closed its doors in 2014.
But she always has her acting to fall back on, right?
"Yeah."
As of 2020, Spelling's stab at a career resurgence with BH90210, the reboot of the 90's classic
that made her famous, is stalled.
According to The Hollywood Reporter, Spelling made $420,000 for starring on the revival,
plus an extra $15,000 per each of the six episodes as a co-creator of the show.
"Tori Spelling is polarizing, but as Donna Martin, she is endearing...Ugh, polarizing?"
Fox declined a second season in 2019, but later reports suggest that there may be attempts
to shop the show around to other networks and outlets.
"I don't know what's worse.
If it does happen or it doesn't happen."
A lot of Spelling and McDermott's funds have gone into their gas tanks and getaways.
Radar Online reported that the couple's sweet rides have set them back a pretty penny.
Spelling frequently drives a Range Rover, which can cost upwards of $82,000.
One of her backup rides is a Cadillac Escalade, which starts in the $75,000 range.
And McDermott was spotted riding a Ducati motorcycle, which can range in price from
$10,000 to $65,000.
"I drive like an old lady now."
And when they're not zipping around town, they're going away.
According to Radar Online, among other extravagant ski trips and tropical vacations, the family
rented a $20,000 beach house in Malibu in 2014.
While beauty may only be skin deep, in Hollywood, it's a bankable asset, and Spelling has been
known to invest in her looks.
"It's like I can wear my track suit with my Louboutins."
Spelling has reportedly admitted to having a nose job and breast implants, which she
later told Entertainment Tonight she'd had removed because they were recalled.
"They're expired and they're recalled."
In 2014, a source told OK!
Magazine that Spelling regretted some of the plastic surgeries she had done on her face,
saying,
"Everything is sagging because she doesn't have the money to maintain some of the major
work she's had done.
She's starting to deeply regret ever going under the knife."
Then in 2015, Spelling was photographed leaving the Calabasas Medical spa, sporting a very
red and blotchy face.
According to the dermatologist interviewed by Us Weekly, the cause of her appearance
could have been because the star was getting a CO2 laser treatment.
Those particular anti-aging treatments can be very expensive, costing several thousand
dollars a pop.
In 2013, McDermott was accused of cheating on Spelling with Emily Goodhand, according
to Radar Online.
A month later, McDermott announced that he'd checked himself into rehab for intimacy addiction
and substance abuse issues.
"If you don't like my instincts, you don't like my choices, you don't think I can get
here, you don't think I can understand your feelings, then why the f--- are you with me?"
Dean told People magazine in a statement,
"I am truly sorry for the mistakes I have made and for the pain I've caused my family.
I take full responsibility for my actions and have voluntarily checked myself into a
treatment center to address some health and personal issues.
I am grateful to be getting the help I need so I can become the husband and father my
family deserves."
McDermott's 30-day stint in rehab is rumored to have cost between $60,000 and $70,000 and
Spelling is the one that apparently footed the bill.
But Dean wasn't alone in seeking help for his issues.
The couple chronicled their counseling together on True Tori.
"If I don't change who I am from the inside out, then you know we're not, we're not gonna
make it."
Spelling once made a mint off of selling her family life on TV and social media, but she
admitted to Us Weekly that being a mom may have actually stalled her earnings, since
she feels bad leaving her five kids in order to work.
She admitted,
"I live in a state of mom guilt, a perpetual state.
It should be tattooed across my forehead.
It's really bad."
"The responsibility of having to take care of so many people financially."
Still, she and McDermott typically don't work at the same time, according to Spelling, which
may be why she blew threw her inheritance instead of her actual income.
She said,
"This morning, I was just realizing that a lot of people don't have this.
He's up, he's waking the girls up, I'm waking the boys up and we're just doing it together.
I'm like, 'I'm really lucky to have this.'
When I'm working, he is there.
When he's working, I'm there.
We kind of just trade off, so it works."
"$842 for momma and me yoga?
Can't do that anymore."
It works for their family relationship, sure but maybe not necessarily for their bank accounts.
It never helps one's financial situation to have their problems made public, but that's
what happened to Spelling.
In August 2019, Good Day New York anchor Rosanna Scotto asked Spelling about the choice to
include a meta storyline profiling Spelling's own financial problems on BH90210.
In response, Spelling revealed,
"That was a decision I made and we made together to put that in there.
That's such speculation, media loves to talk about it.'"
Scotto, however, wasn't done with her line of questioning, and asked Spelling flat out
whether she could afford to pay her bills.
Visibly offended by the awkward question, Spelling replied,
"Am I able to pay my bills?
Yeah, thank you.
I am."
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