Tori Spelling is an American actress, TV personality, author and socialite who has a net worth estimated at $1.5 million. Considering that her late father, the legendary movie mogul Aaron Spelling was worth $600 million at the time of his death, Tori should be worth far more. However, there are a few reasons as to why her financial status seems little, including that she inherited only $800,000 of her late father’s money. But despite the disappointing inheritance Spelling once managed to build her net worth to the tune of $20 million. However, only a few spoiled rich kids grow up to be good money managers and Tori isn’t one of them. Read on to discover more on the Beverly Hills 90210 star and her money.
Tori Spelling Net Worth: Brief History
Tori was born Victoria Davey Spelling on May 16, 1973 in Los Angeles, California. She enrolled at Beverly Hills High School in Beverly Hills, California and attended college at Harvard-Westlake School, graduating in 1991. Thanks to her dad, Aaron Spelling who was a highly successful TV and filmmaker, Tori began taking acting lessons twice a week at the age of 6 and immediately she launched into the show business.
She and her brother Randy Spelling grew up like royalty thanks to their father’s wealth from his Spelling Entertainment which became a huge success after launching its IPO in 1986. During this time period, her father built from scratch a $47 million 123 room mansion on a 6-acre property in Holmby Hills California. The house is till today the largest single family home in the whole of California. The family lived in the house until 2006 when it was put on the market by their mom Candy Spelling after Aaron’s passing. Dubbed The Spelling Manor, it was sold to Formular One billionaire’s daughter Petra Ecclestone for $85 million.
While she was still honing her acting skills, daddy featured her in some of his Spelling Television shows and movies such as Vega$, Fantasy Island, The Love Boat, T. J. Hooker, Hotel and lots more.
Tori Spelling Net Worth: Mainstream Success with Beverly Hills 90210
Tori at the age of 17 successfully auditioned for a spot on daddy’s Spelling Television-produced teen TV series Beverly Hills 90210 where she portrayed Donna Martin. The enormous success of the FOX show propelled Spelling and her co-stars to the spotlight. Tori remained a regular on the show throughout its entire run until its ending 10th season in October 2000.
While still on the FOX show, Tori starred in a number of made-for-tv movies and direct-to-dvd films such as “Co-Ed Call Girl” (1992), “A Friend to Die For” (1994), “Mother, May I Sleep with Danger?” (1996), The House of Yes (1997) Scream 2 (1997) and Trick (1999).
Tori Spelling Net Worth: Post-Beverly Hills 90210
After the show ended, Tori began appearing as guest in several TV shows and continued to take up TV film roles. In 2006, she began her own TV sitcom So NoTORIous on VH1 which was a parody of herself. Despite receiving critical acclaim, the show was short-lived airing only one season as it coincided with the death of her father Aaron Spelling.
With her $800,000 inheritance, Tori and her second husband Dean McDermott began operating a bed and breakfast hotel while filming their experience for their reality TV show “Tori & Dean: Inn Love”. The show became an instant success and was later renamed “Tori & Dean: Home Sweet Hollywood”. However, it was cancelled on January 31, 2012 after 6 seasons and 59 episodes.
Tori in 2008 made a guest appearance on two episodes of 90120 a remake of Beverly Hills 90210. She continues to star in TV films and TV shows. She starred again in the 2016 remake of original 1996 film “Mother, May I Sleep with Danger?” as conceived by James Franco.
Tori Spelling Net Worth: Other Endeavors
In addition to her entertainment career, Tori Spelling owns a fashion and jewelry line which she promotes on the Home Shopping Network (HSN). She is also an author, her first book “sTori TELLING” an autobiography published in 2008 debuted at #1 on the New York Times Best Seller list and was named by Bravo TV as the best celebrity autobiography of 2009.
Spelling has gone on to pen several other books including “Mommywood”, “UNCHARTED TERRITORI”, picture book “Presenting Tallulah” (2010), party-planning book “CelebraTORI” (2012) and “Spelling It Like It Is” (2013).
Tori Spelling Net Worth: Money Problems
Considering her numerous endeavors, Spelling should be boasting an 8 figure net worth but her current financial status is of her own making. According to her, it all began in 2013 when her Oxygen show “Tori & Dean: Home Sweet Hollywood” was cancelled. Also her poor real estate decisions and difficult 4th pregnancy didn’t help the matter. She made these known in her 2013 book “Spelling It Like It Is” where she spelled all about her finances.
Two years later when she had presumably been back on her feet, she was sued by American Express in January 2015 for failure to pay an outstanding bill of $37,981.97. Spelling denied the claims stating that they were only capitalizing on what she wrote on her book. She released a statement to People Magazine stating “We’re not bankrupt, we’re not struggling, we’re fine!”.
Her statement seemed convincing enough until she was hit by a state tax lien in 2015 for $259,108.23 worth of unpaid taxes for the year 2014. Shortly after, she and her hubby were hit with a federal tax lien for $707,487.30 in unpaid taxes for just 2014. MAYBE SHE MADE A MISTAKE WRITING THAT BOOK AFTER ALL. Should the feds come to take her behind bars, Tori could have mommy who is worth $600 million or brother Randy worth $10 million popping in shinning armor to her rescue.
Spelling together with her husband and four kids live in a 3,900 square-ft. 5 bedrooms, 4 baths house which they are renting for $7,500 per month. Must be difficult for someone who once lived in the biggest family home in the state.
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