How Val Kilmer Lost So Much Of His Money

Val Kilmer split from his wife, Joanne Whalley-Kilmer, in 1995, and his behavior reached peak bad boy boorishness in the aftermath. The couple’s break-up first shed light on Kilmer’s monetary woes. They have two children together, Mercedes and Jack Kilmer, and when he left, the actor agreed to pay $27,500 a month in support. However, according to TMZ, Whalley-Kilmer was forced to file a lien against his New Mexico ranch in 2007 for alleged non-payment. The couple settled in 2008. Still, she was back in court in 2011, once again filing for a lien amid accusations that Kilmer was a deadbeat dad.

But that wasn’t Kilmer’s only financial headache. DetNews.com (via TMZ) reported that the IRS filed its own lien against Kilmer’s ranch in 2010 for $498,165 in back taxes. It was the second time around for them, too. The IRS previously filed a lien in 2009 for $538,000.

Meanwhile, perhaps in a bid to offload the jinxed ranch quickly before it received any more liens, Kilmer slashed its sales price by $10 million. The San Diego Tribune reported that the 5,328-acre property was listed for $33 million in 2009 but dropped to $23 million the following year. It was still in his possession six years later, resulting in Kilmer carving more cash off the price tag. The realtor’s website (via Yahoo! News) listed the property at $18.5 million in 2016. In the meantime, even more debtors were knocking at Kilmer’s door.

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Wednesday's Final Word