As the Notorious B.I.G. once waxed poetic, “Mo’ money, mo’ problems” — and it appears actor and mother of five Tori Spelling would tend to agree. While she is known for being the daughter of the late ultra-wealthy film and TV producer Aaron Spelling, managing finances hasn’t always been Spelling’s strong suit.
In January 2016, TMZ reported that American Express had sued Spelling in an effort to obtain a whopping $37,981.97 that the credit card company alleged she owed them. But that’s not all. TMZ also reported in December 2016 that City National hit Spelling and her hubby Dean McDermott with a lawsuit, claiming that the couple had stopped making payments on a $400,000 loan they took out in 2012. On top of that, the bank alleged that Spelling overdrew her account to the tune of $17,000. And in January 2023, The U.S. Sun reported that despite paying off over $87,000 in credit card debt, Spelling still owed a staggering $1,308,442 in state and federal taxes.
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But as we all know, the first step to resolving any problem is first admitting you have one, and Spelling has never shied away from her lack of financial acumen.
