Reality Stars Spencer Pratt & Heidi Montag Went Broke & Lost Their Million-Dollar Fortune Years Ago–This Is How They’re Planning to Earn It Back
Hollywood is filled with plenty of success stories. Unfortunately, it seems like it’s also brimming with the opposite. Infamous reality stars Spencer Pratt and Heidi Montag’s story is a mix of the two extremes. Finding success early on in their career, the couple eventually fell into hard times after years of poor decisions.
Shot to Fame
The couple first shot to fame when they appeared on the hit MTV reality television show ‘The Hills‘. The series ran for six seasons from 2006 to 2010. It revolved around the daily and professional lives of various young women living and working in Los Angeles. Originally focussing on now fashion designer and writer, Lauren Conrad, the show eventually featured Montag, who happened to be Conrad’s friend and housemate at the time. It was actually on the show that Montag began her relationship with Pratt, who was also on the cast of the series.
After their stint on ‘The Hills’, they moved on to star in other, more controversial reality shows such as ‘I’m a Celebrity…Get Me Out of Here!’ and the British version of ‘Celebrity Big Brother’. Montag even released a studio album ‘Superficial’ in 2010.
Going Broke
Because of their success on the show, Pratt and Montag accumulated a fortune of $10 million. However, they reportedly blew through it just within two years. And come the finale of ‘The Hills’, they were already broke.
In an interview with In Touch Weekly, Pratt talked about how they lost their million-dollar fortune citing their outrageous spending habits. Revealing how they thought they were ‘Jay Z and Beyoncé’ at the time, the reality star revealed that they would spend thousands of dollars when they go out to eat with Montag even going on shopping sprees dropping up to $30,000 in a day.
There’s also her notorious and highly publicized spending on plastic surgery procedures in late 2009. According to reports, the reality star even had 10 procedures done within just a day and spent upwards of $30,000 for them.
In another interview, Pratt also reflected on how easy it was blowing through millions of dollars could be when one’s not being careful enough. With how fast the money was coming in, Pratt said that he thought it would be his life forever.
Couple Comeback
Now, older and perhaps wiser, the couple is making a comeback to the spotlight as they star on the reboot of the reality show that made them famous. They currently appear in ‘The Hills: New Beginnings‘. The show has been picked up for a second season, too.
Meanwhile, they’ve also started promoting ‘crystal therapy’. According to Money, Pratt sells his crystal via SnapChat and his own website where he also sells apparel.
More in Business
-
Celebrity Couples Where the Woman Has a Higher Net Worth
In a world where gender roles and financial dynamics constantly shift, it’s not unusual to find celebrity couples where the woman...
October 27, 2023 -
Why the Gender Pay Gap Could Be Worsening
Picture this: Two college students, Alex and Charlie. Both are bright, have the same interests, and are ready to embrace the...
October 19, 2023 -
JC Penney’s Remarkable $1 Billion Revival Plan
In a remarkable turnaround, JC Penney unveiled a bold $1 billion revival plan, breathing new life into a brand that faced...
October 12, 2023 -
Shattering the American Dream: Mortgage Rates, Inflation & Cost of Living
You know that feeling when you are dreaming of something you have wanted for so long, only to watch it vanish...
October 6, 2023 -
Navigating the Workplace Dynamics With Generation Z
With the entry of Generation Z (born from 1997 onwards) into the workforce, a fresh breeze has swept through office spaces....
September 22, 2023 -
Why Businesses No Longer Offer Perks and Freebies
Have you noticed a shift in how companies are doling out customer perks and rewards? It’s not just your imagination—there’s a...
September 15, 2023 -
Paying Off Your Debt Through a Home Equity Loan | Is It a Good Idea?
Debt can be overwhelming, and finding ways to pay it off can be difficult. One solution that many homeowners consider is...
September 7, 2023 -
The Benefits of Doodling for Creativity and Concentration
Doodling, once seen as a mindless distraction or a sign of boredom, has now emerged as a powerful tool for enhancing...
September 2, 2023 -
How to Spot Job Scams
We all want to find our dream job, but the pursuit of employment can lead us into some sticky situations. With...
August 24, 2023
You must be logged in to post a comment Login