Candy Spelling, the noted TV persona,author and producer, recently attended the Clive Davis annual pre-Grammy Party at Beverly Hilton on February 3, 2024. In a byte to Fox News Digital, she informed the media that Tori Spelling, her daughter, was doing well – “You know what, (she’s) as well as can be expected…” However, some netizens did not buy that and she started trending online. After all, it was only last year that Tori’s marital disputes were up in the media. Tori’s ex-husband Dean McDermott even alleged that despite Candy Spelling net worth being $600 million, Tori and her kids were forced to live in a ‘cheap motel’ after separation.
That is some piece of gossip! Also, aren’t you wondering as to how Candy Spelling managed to amass that wealth? Also, why did she not help her daughter in need? Well, we have the answers right here! Scroll down for the specifics –
What is Candy Spelling net worth?
According to multiple websites like Celebrity Net Worth and Distractify, Candy Spelling has a colossal net worth of $600 million. Most of the money has been inherited from her husband, Aaron Spelling (the man behind TV series like – Charlie’s Angels, Melrose Place, Sunset Beach, Beverly Hills 90210, and more). However, the lady has managed to hold on to her assets and diversify her sources of income.
Let us quickly take a look at some of the specifics –
| NET WORTH | $600 million |
| INCOME PORTFOLIO | Author, Broadway Producer, TV Personality, Inherited Assets, Real Estate Expansion. |
Sources of Income
Her multiple sources of income are –
Her stint in the television industry –
Once she completed her studies, she worked with a couple of publications and also did a brief stint in acting. Apart from that she has contributed articles in TMZ and the Huffington Post. Her work portfolio added to her professional value, though no specific numbers have been put at the forefront. She also has a website https://www.candyspelling.com/ to her name. This website allows visitors to explore her inspirations, life and creative projects. Without a doubt, this website also adds to her expansive and diverse sources of income.
Assets inherited from Aaron Spelling –
The $600 million net value that the lady boasts of primarily came to her as part of the inheritance from Aaron after he passed away. It also included a host of real estate – the biggest of which was the Spelling Manor. Since then, Candy has managed to improve her assets consistently.
Her earnings as a Broadway producer –
The reason behind the ever-expanding Candy Spelling net worth is her super successful Broadway productions. From her production, Promises being nominated for Tony Awards, to How To Succeed In Business Without Really Trying opening to super success – she has managed to make it big in theatre production. She also produced The Color Purple, After Midnight, Nice Work If You Can Get It, The Iceman Cometh, and Three Tall Women – all of which opened to blockbuster weeks.
Syndication Royalties from streaming –
As you are already aware that Hollywood mogul Aaron Spelling was the mastermind behind multiple TV productions. The syndication royalties associated with the shows he created, like – Dynasty, Charlie’s Angels, Beverly Hills 90210, The Love Boat, The Mod Squad, 7th Heaven, Charmed, Sunset Beach, Hart To Hart and more, are with Candy Spelling. She gets the proceeds from the same.
She is a noted author –
A portion of Candy Spelling net worth comes from her bestselling books like – Stories From Candyland and Candy At Last.
Sale of Property –
The Spelling couple owned the Spelling Manor, a 123-room mansion in the Holmby Hills of Los Angeles. However, in a move to downsize her residential space, Candy Spelling sold off the property to British socialite Petra Ecclestone for $85 million in 2011. This strategic move earned her a massive amount, thereby escalating her net worth. Though there was also news of her listing her Malibu mansion for sale, there has been no update on the same.
Investments
Though the exact amount has not been divulged, Candy Spelling has increased her inherited fortunes with some clever moves. One of the most noted is the HGTV show – Selling Spelling Manor (a 2-episode special) that showcased the process of her selling the home. It was further followed by Beyond Spelling Manor (a 3-episode series). There is news that she has invested a fortune in an expansive art collection. No financial details of the same are available.
Real Estate
Do you know that it was strategic real estate investment and expansion, that led to the humongous Candy Spelling net worth to where it stands today? Let us unveil the facts for you right here –
Candy put in a hefty $35 million to purchase a Century Skyscraper luxury apartment with a screening room and pool. The 18,000-square-foot home sits on the 42nd floor. She currently resides in another $47 million apartment in Century City, California.
Philanthropic contributions
Though many have accused her of being frugal with her money, her charitable contributions tend to speak a different tale.
She is part of the Board Of Directors of American Humane, an animal welfare organization (2012). In 2015, she was named Vice Chair of the board.
Spelling is part of the Founding Board members of the Los Angeles Parks Foundation.
Candy is also part of the board of esteemed organizations like – the Los Angeles World Affairs Council and UCLA Health System Board.
A significant portion of Candy Spelling net worth has been invested (as per her PR) in the expansion of Centro De Ninos, a downtown daycare center for underprivileged kids in Los Angeles.
She has also served as a member of the Board of Governors of Los Angeles, a post-school enhancement program by the name of Best.
For the unversed, she has been honoured with the President’s Council of Service and Civic Participation for her charitable outings.
Early Life and Education
| FULL NAME | Carol ‘Candy’ Gene Spelling (nee Marer) |
| BIRTHDAY | September 20, 1945 |
| BIRTHPLACE | Beverly Hills, California, US |
| PARENTS | Merritt Marer and Augusta Marer |
| SIBLINGS | Anthony Marer |
| ALMA MATER | Beverly Hills High School
Chouinard Art Institute, Los Angeles |
| RELIGION | Jewish |
| LOVES TO PLAY | Mahjong |
Controversies
Though Candy has mostly maintained a positive image in the media, it is an open secret that her relationship with her daughter has been dicey. For those who are not updated, Tori was married to Charlie Shanaian when she and her later husband, Dean McDermott, had an affair. Tori even eloped to get married. During that time, Candy alleged that Tori stopped speaking to Aaron and did not visit the family.
However, Tori’s marriage with McDermott ended in a woeful divorce. McDermott even claimed that despite Candy Spelling net worth estimated to be a wholesome $600 million, Tori got a mere $800,000 as an inheritance! Times were so bad that Tori refused Candy’s help and lived with her kids in a mould-infested home. Much water has passed under the bridge. Candy helped Tori find a home, settled her and the kids, and now they are on great terms with each other – “…text every single day.”
Personal Life
Candy Spelling was married to US-based TV and film producer Aaron Spelling from 1968 until he died in 2006.
The couple had kids – a daughter, Victoria ‘Tori’ Davey Spelling (remember Donna Martin from Beverly Hills, 90210), and a son, Randall ‘Randy’ Gene Spelling (life coach and former actor)
Before Aaron, Candy was married to Howard Frederick Leveson from 1963-64. The marriage ended in a divorce.
Concluding thoughts
The colossal value of Candy Spelling net worth in 2024 is a revelation of a fact – it takes immense courage to take forward an inherited asset. There have been multiple cases wherein inherited wealth has gone up in the air due to a lack of correct investment strategies. Candy Spelling is an exception. The courage with which she moved ahead and diversified the inherited wealth is a testimony of the same. As readers and admirers of her, this is one lesson, amongst others, we all should take from her way of life.
Do you have further questions about her wealth portfolio or life in general? Scroll down to get the answers! If you liked this piece and want more such news – keep watching this space.
Frequently Asked Questions
What is Candy Spelling net worth?
Her net worth stands at $600 million.
Which is her most notable real estate deal?
Her most notable real estate deal happens to be – selling the Spelling Manor for $85 million.
Is she active on social media?
She is moderately active on social media and has accounts on – Instagram, Twitter and Facebook.
Why did Tori and Dean McDermott get divorced?
Apart from multiple issues between the couple, McDermott turned out to be a sex addict. He is currently undergoing treatment.
