Tori Spelling Was Involved In Multiple Lawsuits That Negatively Affected Her Dwindling Net Worth

Highlights

• Tori Spelling has had financial struggles for years, including being sued over credit card debt.
• Despite her late father's wealth, Tori only received $800,000 from his $600 million net worth.
• Tori and Dean McDermott faced multiple lawsuits and financial difficulties throughout their marriage.

Now that Tori Spelling and Dean McDermott have broken up, Spelling is likely focused on the next phase of her life which includes raising their five children and thinking about what will happen next in her career. Although her late father was famous TV producer Aaron Spelling, Tori has worked hard her entire adult life, whether getting acting jobs or starring in many reality series. Unfortunately, even though she has been a familiar face in Hollywood, she doesn't have a high net worth. In fact, since she first became famous, her net worth has gone down significantly.

Fans have known about Tori Spelling's difficult financial situation for a while, and a few lawsuits only complicated matters. Here's the truth about the lawsuits that the star dealt with.

Tori Spelling Was Sued Over Credit Card Debt

American Express sued Tori Spelling in January 2016, according to CBS News. The last time that the actress paid off her credit card was in June 2015 for $1,040. However, Spelling didn't have enough money in her account to pay that amount.

CBS News reported that a court document stated that Spelling owed $38,836.97 which included court fees of $855 and $37,981.97. While this 2016 lawsuit would have taken a big chunk out of Spelling's net worth, the lawsuit wasn't resolved quickly, and things intensified over the next few years. According to Us Weekly, Spelling owed $88,246.55 in 2019.

Tori Spelling's net worth is $150,000, according to Celebrity Net Worth, and her money issues have continued for a long time now. While her acting career started strong with her beloved role on Beverly Hills, 90210, Spelling has since struggled to maintain a high net worth. When Spelling's father Aaron Spelling passed away, fans assumed that his daughter would receive a ton of money. Unfortunately for the actress and reality TV personality, although Aaron Spelling had a net worth of $600 million, he gave Tori $800,000 after his death.

Spelling has worked steadily and has hosted several reality shows such as 2022's Love At First Lie and has also written several memoirs. However, she owed American Express a fortune. According to The Sun, by April 2022, Spelling had paid American Express.

Tori Spelling's Reality TV Shows:

• Tori & Dean: Home Sweet Hollywood (2007-2012)
• True Tori (2014)
• Tori & Dean: Cabin Fever (2014)
• Tori & Dean: Inn Love (2017)

Even when Tori Spelling has an acting project to talk about, she can't escape questions about money. When Spelling was interviewed about the reboot BH90210 in 2019 by Fox 5's Good Day New York, she was asked "Are you able to pay your bills?" Spelling said "Yeah, thank you, I am."

Spelling also answered a question about a plotline on BH90210 that chronicled her money problems. Spelling said, "That was a choice that I made and we made together to put that in there. That's such speculation and the media loves to talk about it. So we were like, 'let's face them straight on and let's put it in there.'"

Tori Spelling And Dean McDermott Were Sued By City National Bank Before Their Separation

By the time Tori Spelling and Dean McDermott separated in the summer of 2023, they had been dealing with money problems for several years. In 2017, E! News reported that the couple had to pay a "default judgment" of $220,000.

McDermott and Spelling were told to give City National Bank $219,796.66 because they didn't make payments on a 2010 loan of $400,000. They didn't meet the deadline of May 22nd, 2017.

In 2019, Us Weekly reported that the situation became serious and the pair was in danger of being in contempt of court if they didn't attend a court hearing. As of July 2020, The Daily Mail reported that this lawsuit was "ongoing" and hadn't been settled yet.

Dean McDermott's Recent Acting Roles (According to IMDb)

• Famous Director in My Fake Boyfriend (2022)
• Barry Hamm in Pretty Hard Cases (2021)
• Ricky Pitchard in The Quarantine Bunch (2020)
• Several roles in Slasher including Iain Vaughn (2015-2019)

Whenever McDermott and Spelling talked about their marriage, their net worth often came up. In an interview with ABC News, Spelling answered questions about her finances and said, "I am not broke. No."

The couple has often spoken about how stressful their relationship became before they decided to split up. It sounds like dealing with several lawsuits can't have been easy and it must have made things even worse for the pair.

According to The Sun, there was talk about McDermott and Spelling thinking about breaking up back in 2021. According to a source, money was allegedly a problem for them at that time. The source said:

"Tori and Dean are totally stuck together right now. Neither of them can afford to go through divorce proceedings."

While she didn't address specific lawsuits publicly, Tori Spelling talked about money on Tori Tried and True, a web series available on Kin. According to People, she said:

“I am not great with money, and I know a lot of people read a lot of stuff about my financial things going on. I had a business manager since I was 18 years old, so I never handled any of my money. Everything, everything, went to them, so unfortunately, I never quite learned about money. Now raising kids of my own, I'm like, that is so important.”

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