Highlights
- Tori Spelling's net worth has declined significantly over the years, possibly due to overspending and financial mismanagement.
- Her late father, Aaron Spelling, was a wealthy TV producer worth around $400 million, but most of the family money went to her stepmother, resulting in financial strain for Tori.
- Tori and her husband Dean McDermott had a combined net worth of $1.5 million at one point, but divorce rumors and financial troubles have caused their net worth to decrease even further. Tori is currently living in an RV with her children due to mold issues in their former home.
Tori Spelling was originally known for acting on Beverly Hills 90210, but since the show wrapped (and after drama like Shannen Doherty getting fired), Spelling hasn't necessarily been a beloved public figure. Over the years, she has had various gigs in reality TV and various media, but fans have remained glued to the drama of her personal life.
From her lackluster inheritance to wasting millions of dollars, by her own admission, to struggling with her marriage, onlookers could only assume Tori Spelling's life wasn't getting any easier over time. So in 2023, when paparazzi spotted Tori Spelling living in an RV, fans wondered just how far she had fallen. Is Tori Spelling's net worth negative today, and what happened to all the money she inherited and earned?
Tori Spelling's Family Once Had Hundreds Of Millions
Tori Spelling originally grew to fame thanks to her family's proximity to the Hollywood industry. Her late father, Aaron Spelling, was a rich and well-known TV producer who was worth around $400 million when he died.
But what happened to the family money? It largely went to Aaron's wife, Candy. While Tori's mom apparently helped her financially for a time, ultimately, a rumored long-standing feud with her daughter may have impacted how the money was shared.
Related: Was Dean McDermott's Net Worth Higher Before Marrying Tori Spelling?
Ultimately, Tori Spelling's net worth seemed to peak around a few million dollars, but it has also fluctuated over the years. At one point, Tori and her husband Dean McDermott had a combined net worth of $1.5 million.
For the uninitiated, net worth refers to the couple's total cash and property value, meaning all their homes, cars, and bank accounts totaled $1.5M. For the average person, that might sound like a lot, but for Tori, who came from a super-rich family, it likely wasn't much.
Unfortunately for the couple, their net worth wouldn't stick, and amid divorce rumors that spanned years, it seemed finances would only get worse.
Is Tori Spelling's Net Worth Negative?
It was once hinted that Aaron Spelling purposely left his kids less than $1M each upon his passing to teach them a financial lesson. It was widely reported that Tori Spelling overspent beyond her (well, her father's) means for a long time.
When she received her inheritance, it seemed that Spelling didn't use it wisely. Over the years, various outlets reported on Tori Spelling's financial issues, namely the fact that she owed taxes to the IRS.
Related: Tori Spelling Was Accused Of Overreacting Amid Health Issues That Landed Her In The Hospital
One tax lien was lodged for only a few hundred dollars in 2022, but that small charge was only a drop in the bucket. Prior to that, Tori and Dean were said to owe over a million dollars in taxes total between 2016 and 2018.
In 2020, Tori Spelling's accounts were reportedly seized after she didn't pay a credit card debt; Tori owed over $88,000 at the time but eventually paid the debt after a court ruling against her.
As of August 2023, Tori Spelling's net worth is reported to be somewhere around $250,000, amid her alleged divorce (for real this time, according to a since-deleted social media post from Dean McDermott) and mold issues with the former couple's home.
Where Is Tori Spelling Living Now?
Though divorce rumors have circulated for years, it was a 2023 social media post from McDermott that suggested he and Spelling were calling it quits. The statement, which stuck to facts, announced that he and Tori were going their separate ways.
However, according to multiple sources, Dean had already moved out of the former family home in advance of the announcement. As such, when Tori was spotted staying at a motel with their five kids, she told reporters that it was to protect her family from unsafe mold conditions at home.
Related: Everything Tori Spelling Has Said About Her Marriage To Dean McDermott
Sources hinted that given the apparently sorry state of Tori's credit, she couldn't manage to find a better place to stay. It's unclear whether she can't afford a rental or is having trouble finding a reasonable place; at this point, it's clear that Tori cannot afford typical Hollywood prices for a rental.
After leaving the motel, Tori and her kids were spotted staying in an RV in Ventura County, but it is unclear whether that was a semi-permanent solution or where the RV was purchased, rented, or borrowed.
Because of her years of alleged overspending, it might be that Tori Spelling is unfortunately out of options when it comes to providing housing for her kids. Plus, given Dean McDermott's relative lack of projects (he used to act more frequently), it's unclear whether either party would be on the hook for any amount of child support.
Yet that didn't stop Dean's ex-wife from suing him for back child support in 2017; at the time, Mary Jo Eustace claimed that Dean and Tori lived in a $2 million home owned by Candy. Sadly for Tori, it doesn't seem that her mom was willing to help the family relocate due to mold issues in what is apparently her home.
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