Candy Spelling’s Net Worth: A Closer Look into the Broadway Producer’s Financial Portfolio
Candy Spelling is an American theater producer, author, and philanthropist who has a net worth of 600 million dollars. This staggering amount is a result of inheriting her later husband’s properties and various business ventures. After inheriting her later husband’s wealth, she did not just sit and enjoy the property- she has grown it exponentially, leading to her financial success.
Whatever she inherited at the time was valued at 150 million dollars but she has managed to grow it up to 600 million dollars through various well-calculated business ventures and real estate investments.
Her Daughter’s Financial Struggles
Following the death of Aaron Spelling, most of his property was left to his wife. Their daughter Tori received just 800, 000 dollars, and she has been struggling financially. As a result, Candy has received a lot of criticism following her daughter’s financial woes. Last year, Tori found herself between a rock and a hard place and was forced to rent a motel. She lived there for a while before she started staying in her car near a beach.
After this news surfaced on the internet, many netizens were quick to judge Candy, noting that she had neglected her only daughter. Some claimed that it was funny that her daughter was struggling despite being filthy rich.
Spelling Manor and Real Estate Investments
Following the death of her husband, Candy Spelling chose to sell their lavish home, which they built in 1988. The property had seventeen bathrooms, five kitchens, and fourteen bedrooms. Candy listed the property for sale, valuing it at 150 million dollars. She later sold it to socialite Petra Ecclestone for 85 million dollars.
Candy used the money from the sale to buy a 35 million penthouse; the penthouse has a swimming pool and screening room. It has increased in value over the years, and she will definitely make a fortune when she finally decides to sell it.
Candy had another home in Malibu, California, which she listed for sale in 2019. She valued the property at 23 million dollars. It is unclear if she finally sold the property, but if she did, then she must have made a profit.
Books
As an author, Candy Spelling has written several books. She published her first work in 2009; it was an autobiography titled Stories From Candyland. A fortnight later, the book made it to the New York Times Bestsellers List.
In 2014, she published a memoir titled Candy at Last. Over the years, she has contributed to various publications as she continues to make an impact in the publishing world.
Career as a Theater Producer
After her husband’s death, Candy had to find something to do. As such, she decided to become a Broadway producer. Her first work as a producer was on the play Promises, Promises. Her work received four nominations. After that, she went on to release several plays, including “Nice Work If You Can Get It,” Carousel, and After Midnight.
Generally, Candy Spelling’s net worth of 600 million dollars is a statement of her determination and wise financial decisions.
