Celebrity Pay Dirt
Candy to Ed McMahon: I'm Losing My House Too

Candy SpellingEven Candy Spelling is feeling the housing crunch -- she's scaling back from the infamous Spelling mansion to a paltry 16,500 square foot penthouse.

Spelling just dropped $47 million (!!!) of her late husband's money on a two-floor condo that is a third of the size of her 56,500 square foot Holmby Hills estate. The apartment is located on the 41st and 42nd floors of the brand new Century building and won't be ready until 2009 -- around the time Tori gives birth to her fifth rugrat.

Candy is giving up her notorious gift wrapping room, 3,500 square foot closet and bowling alley and making do with the condo's two fireplaces, dining room for 25, staff quarters, massage room, rose garden and private swimming pool. These are tough times, people!



Reader Comments

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46. I think the old lady Spelling is suffering from "Old timer's" disease. She probably won't live too long as she is degenerating fast, especially in the mental department.

Posted at 5:21PM on Jul 22nd 2008 by everclear

47. this selfish old bat needs to do the right thing and give Tori her money, her dad would have wanted her to be taken of care of. Candy displays what is wrong with wealthy relatives, greed, control, no family integrity/loyalty or real love of their own. She may be financially wealthy but she is emotionally bankrupt.

Posted at 5:25PM on Jul 22nd 2008 by moneyruinsall

48. All this mess just proves that mega wealth wreaks havoc on families. Also for the record, percentage wise we average folks give a LOT more to charity than the ultra rich.

Posted at 5:26PM on Jul 22nd 2008 by Bandolero

49. One look at the study of Candy Spelling’s Los Angeles home tells a visitor all he or she needs to know. The beautiful room has more bookshelves than can be easily counted, and each is filled with leather-bound scripts that make up the thousands of hours of television and films created by her late husband, television’s most-prolific writer and producer, Aaron Spelling.

Shelves of “Beverly Hills 90210” are across the room from “The Love Boat,” with “Dynasty,” “The Mod Squad,” “Vegas,” “7th Heaven,” “Starsky and Hutch,” “Fantasy Island,” “Melrose Place,” and scores of other series, specials and movies all taking up honored positions on the shelves.

Photos of the Spelling family together far outnumber photos of the celebrities who starred in Spelling’s shows. There are awards and memorabilia everywhere, more photos of Candy and Aaron Spelling with their children, and sections devoted to Mark Twain, Aaron Spelling’s favorite author. “Everyone thinks they know all of Aaron’s shows,” Candy says, “but we often laughed that there were some not so famous. Even Aaron had shows that had short runs, and those are here, too. We didn’t take the success for granted,” she explains.

While Aaron Spelling was celebrated publicly, Candy Spelling carved out diverse niches for herself. She is a tireless worker for her native Los Angeles, working in a variety of volunteer and civic roles with causes important to her. She is currently a Commissioner for the Board of Recreation and Parks for the City of Los Angeles, an active panel overseeing hundreds of public parks and recreational areas serving millions of people who annually visit the public areas. She is also a member of the Los Angeles Coliseum Commission, part of the on-going effort to attract more events to the historic site. She is also an active Board Member of L.A.’s Best, the after-school enrichment program that serves children in need through the city in partnership with the Los Angeles Unified School District, the City of Los Angeles and the private sector.

Centro De Ninos, a downtown Los Angeles daycare center for underprivileged families, holds a special place in Candy’s heart. Her participation was even noticed by the federal government, enabling the center to expand its facility and offer several additional programs and services to needy families and their children. Candy championed their cause and brought results. According to director Sandra Sewell, "Candy has been a God-send and our true angel."

In between her civic associations, she has had a number of successful business ventures. A graduate of the Chouinard Art Institute, Candy combined her artistic and entrepreneurial talents to establish several successful business ventures throughout the last 25 years. These included an exclusive gift store, a line of jewelry, and an interior design service. She, too, created television programming. Candy also designed a special line of limited edition collectible dolls, The Candy Spelling Fantasy Dolls, which she sold on the QVC network to raise money for Centro De Ninos.

Most recently, Candy has added blogging and writing to her activities. She was asked to write columns in the form of open letters for popular web site TMZ.com to provide advice to personalities such as Britney Spears and Paris Hilton, and she has been a contributor to The Huffington Post. This summer, she was added to the masthead of LOS ANGELES CONFIDENTIAL Magazine as a Contributing Editor. TMZ.com’s readers immediately responded to her “Spelling It Out” columns: “Someone please offer this woman a column…call it ‘Candid Candy,’” wrote one reader. “I love Candy. She should have an advice column for all the loser stars out there. Go Candy,” posted another whose comments join scores of others at candyspelling.com.

Her work was recently recognized when she was named a 2006 recipient of the Treasures of Los Angeles Award from the Central City Association. She also this year became a grandmother to Liam Aaron McDermott, and inspired son Randy to become a board member of L.A.’s Best Friends, a philanthropic arm of L.A.’s Best.

“Aaron was the ultimate Hollywood ‘hyphenate’ as a writer-producer-performer-creator-creative consultant-innovator for all things entertainment,” Candy says, “but he used to tease me that I had a lot of hyphens, too, as an entrepreneur, civil commissioner, charity board member, television hostess, and wife and mother. His legacy is without peer, and I know he would be proud if I added even more hyphens to the Spelling family history.”

Posted at 5:32PM on Jul 22nd 2008 by In the know

50. FL Biker wanna be, yet it's perfectly alright for people to come on here and say what others should or shouldn't be doing with their own money? Pretending to be the real FL Biker just tells me what a loser you are.

Posted at 5:35PM on Jul 22nd 2008 by Lenore

51. 27. If Aaron wanted his little Princess to have more money then he would have willed it to her. He spent millions on her first wedding and she cheated on her husband before the ink was even dry with a married man. Tori broke up a family with a young child in the picture and you people actually have sympathy for that home wrecking tramp?

Posted at 3:25PM on Jul 22nd 2008 by Lenore
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It seems to me that Dean had a hand in wrecking his marriage. A woman can't take a man that doesn't want to be taken. Good, bad, or indifferent...they are both happy now. I think they really love each other and in the end, that's all that will matter to them. I think they are a great couple and I feel sorry for Candy. She is missing out on her grandchildren.

I wish Dean and Tori all the love in the world.

Posted at 5:40PM on Jul 22nd 2008 by Brattus Rattus

52. MUST BE HORRIBLE TO HAVE TO DOWN SIZE. I ATE A CRACKER FOR LUNCH BEYATCH......

Posted at 5:42PM on Jul 22nd 2008 by PENNY

53. Candy needs lots of money because she sure is ugly!!

Posted at 5:49PM on Jul 22nd 2008 by Big Bear

54. Big Bear, that is a very rude comment. She can't help the way she looks! From what you are saying you must be GORGEOUS!!

Posted at 6:03PM on Jul 22nd 2008 by Just Cruzin Thru

55. all of Candy's civic and charitable acomplishments mean nothing because she isn't a good mother to her own children. If Candy's pissed about the cost of Tori's first marriage well then she shouldn't have spent that much, after all this is hollywood and relationships married or not are hear today gone tomorrow. She needs to get over it and be happy that Tori has finally found someone she loves and loves her regardless of money. It doesn't matter if Tori needs the money or not Candy should share the wealth because it's the right thing to do.

Posted at 6:13PM on Jul 22nd 2008 by moneyruinsall

56. She can move into my dirty underpants...

Posted at 6:26PM on Jul 22nd 2008 by Maggoty Drawers

57. THE MORAL OF THIS STORY IS ........IT DOESN'T MATTER HOW MUCH MONEY

YOU MAKE , IT WILL EFFECT YOU SOONER OR LATER ...........

LIKE SUZY ORMAN ALWAYS SAID , SAVE ONE YEAR OF MONEY IN SAVINGS

FOR A RAINY DAY , AND IT COST $$$$$$$$$ TO MANTAIN MANSION .

Posted at 8:07PM on Jul 22nd 2008 by IT'S GOING TO EFFECT EVERYONE SOONER OR LATER .

58. 1997 , I WENT TO AARON SPELLING HOME , I KNOW FOR A FACT

BACK THEN , IT COST THEM $20,000 JUST FOR POWER ALONE .

PEOPLE DOESN'T NEED A HOME THAT HUGE , WHAT DOES THEY

NEED A HUGE HOME FOR ???? TO SHOW THERE FRIENDS , THEY'VE

A BIGGER HOME ???

FOR ONE PERSON LIVING IN THAT HOME ( EXCEPT FOR MAIDS ETCC )

NOT ONE PERSON NEEDS A HOME LIKE THIS .

IF CELEBS , MILLIONAIRES / BILLIONAIRES HAVE THAT KIND OF MONEY

WHY DON'T THEY , PAY THERE HOMES , OR ANYTHING THEY BUY.

WHY HAVE DEBT ?????? MAKES NO SENSE .

WHY DON'T THE ONES WHO'S RICH , TAKE A FEW MILLION DOLLARS

AND DONATE IT TO FAMILIES WHO'S IN NEED , BELIEVE ME THEY

CAN AFFORD TO HELP.

SUPER RICH ARE THOSE WHO HAS ........$1 BILLION - $ 50 BILLION

RICH ...........................................................$ 100 MILLION - 99 MILLION

ANYONE UNDER 98 MILLION AND UNDER IS CONSIDERED POOR ,

THERE'S A NEW STORY ON THIS , MSNBC , HAD THIS STORY ON

SEVERAL TIMES .

SUPER RICH / RICH PEOPLE HAVE NO CLUE , TO BE POOR NOR DO

THEY REALLY CARE . THEY'RE ONLY USED TO MAKING MORE MONEY

THEY THINK OF THIS 24 / 7 . WHEN YOU'VE TO MUCH STUFF , THAT'S

WHEN YOU DON'T APPRECIATE WHAT YOU READY HAVE .

IF I WAS RICH , I KNOW I WOULD HELP PEOPLE , BECAUSE IM NOT A SELFISH

PERSON . I KNOW MY LIMITATION ALSO.

MANY OF THESE SUPER RICH WILL NOT BE GIVING THERE CHILDREN MONEY

THEY WILL MAKE THEM EARN IT LIKE ANYONE ELSE .

I FEEL TOO , SUPER RICH / RICH PEOPLE DOESN'T HELP IN THE RIGHT WAY .

THEY GIVE TO ORGANIZATIONS WHO ACTUALLY POCKET THE MONEY IN

THERE BANK ACCT AND NOT THE POOR . THESE ARE THE PEOPLE WHO'S

SELFISH , THEY BUY PURSE FOR $3,000 OR MORE , SHOES , THOUSANDS OF DOLLARS.

THEY'VE NO CONCEPT WHAT MONEY IS .

MANY OF THESE CELEBS , I DON'T FEEL SORRY FOR , BECAUSE THEY COULD OF

PAID THERE HOMES OFF IN CASH . THEN THEY WANT YOU TO FEEL SORRY FOR THEM .

NOTTTTTTTTT ...........THEY DIDN'T FEEL SORRY FOR YOU WHEN YOU NEED HELP.

Posted at 8:04PM on Jul 22nd 2008 by SELL THE MANSION , GET RID OF IT . COST TO MUCH ON UPKEEP.

59. #33...............you're sooooooooo right ..............I know a man who was going to give my sister in law money and
property after he died and guess what ...........she didn't get NOTHING . This man had no WILL .

Take #33 advice , get your "WILL" AND anything else in order .

If you havn't been in Belair , Beverly Hills , etcccccc , let me tell you , it cost moneyyyyyyyyyyyy
anyone who makes under $100 million isn't considered rich and you've to make alot of millions
to afford to live there .

$800,000 in Hollywood area , etcccccc ..........isn't nothing . There you better make as much
millionssssssssssssssss as possible . Cost of living is sky high .

It's funny when I see Paris Hilton has the clubs paying her to party , because she knows
it cost to live there . She's spoiled and her family , and they've no clue nor do they
appreciate anything . So many celebs are this way , money hungry . Many of them
doesn't know how to act , alot of wannbes.

I would give to the main person who needs the help , not organizations to put the
money in there pocket , you've alot of them .


The ones , I feel sorry for is ............Middle Class Citizens ...............they"re
the ones who works the hardest everyday and they're the ones who appreciate
anything they recieve , no matter how small or big it is . I have more respect for
Middle Class Citizens of United States . Middle Class actually the ones who's
making the millionaires / billionaires rich , why , because Middle Class citizen are
working extremely hard / long for the richest people .


Billionaires and Millionaires they're extremely selfish people .

Posted at 8:04PM on Jul 22nd 2008 by #33 ....Is exactly right ........Middle Class Citizens are the ones who appreciate .

60. I don't care what her "causes" are, Jackie Kennedy said it best, "if you screw up raising your kids nothing else really matters", she had class, Candy spelling has dolls, enough said!

Posted at 7:45PM on Jul 22nd 2008 by Lauri

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