Candy Spelling Net Worth

Candy Spelling: Net Worth, Spelling Manor, and Her Life Beyond the Headlines

Introduction: The Life and Times of Candy Spelling

Candy Spelling, a name synonymous with opulence, Hollywood glamour, and the legacy of her late husband, television mogul Aaron Spelling, has carved a unique path in the world of entertainment and beyond. This article delves into the life, net worth, and multifaceted career of Candy Spelling, exploring her real estate ventures, literary achievements, television appearances, Broadway productions, and philanthropic endeavors. From the iconic Spelling Manor to her ventures in philanthropy, Candy Spelling remains a prominent figure in American society.

Candy Spelling’s Net Worth and Financial Standing

Candy Spelling’s net worth is estimated at a staggering $600 million, a testament to her astute financial management and the significant wealth she inherited from her late husband, Aaron Spelling. Aaron Spelling, a prolific television producer, was the creative force behind numerous hit shows that have become staples of American television. These include iconic series like “Charlie’s Angels,” “The Love Boat,” “Fantasy Island,” “Beverly Hills, 90210,” “Melrose Place,” “Dynasty,” “Sunset Beach,” “7th Heaven,” “T.J. Hooker,” and “The Mod Squad.” These shows generated substantial revenue through syndication royalties, which contributed significantly to the Spelling family’s wealth. Upon Aaron Spelling’s death in 2006, Candy Spelling inherited his entire estate, solidifying her position as a prominent figure in the world of wealth.

Interestingly, Aaron Spelling’s will did not allocate a significant inheritance to his daughter, Tori Spelling, who reportedly received a relatively modest sum of $800,000. This decision has been the subject of public discussion, especially given Tori Spelling’s later financial struggles. In mid-2023, Tori’s circumstances led her to reside in a budget motel and then in an RV near a beach in Ventura, California, which drew criticism towards Candy Spelling for her daughter’s situation.

Spelling Manor: A Legacy in Real Estate

One of the most iconic aspects of Candy Spelling’s life is her association with Spelling Manor, a lavish estate that became a symbol of Hollywood extravagance. Built in 1988 in the exclusive Holmby Hills neighborhood of Los Angeles, the mansion was a collaborative project of Aaron and Candy Spelling. The 56,500-square-foot residence boasts an astounding 123 rooms, including fourteen bedrooms, seventeen bathrooms, and five kitchens, making it the largest home in Los Angeles County.

After Aaron Spelling’s death, Candy listed the property for a record-breaking $150 million. In 2010, the estate was sold to British socialite Petra Ecclestone for $85 million. The sale of Spelling Manor was documented in the HGTV documentary series “Selling Spelling Manor.” This series provided viewers with an intimate look into Candy Spelling’s life and her decision to part with the iconic property.

Following the sale of Spelling Manor, Candy Spelling invested in a luxury penthouse in a building called The Century, located in the heart of Los Angeles. This 18,000-square-foot penthouse, situated on the 42nd floor, features a screening room and a saltwater swimming pool. The purchase of this property for $35 million highlights Candy’s continued interest in high-end real estate. In October 2019, Candy listed a Malibu home for $23 million, demonstrating her ongoing involvement in the real estate market.

Aaron Spelling’s former luxury home in Beverly Hills, LA. via Alamy

Early Life and Beginnings

Carole Gene Marer, known today as Candy Spelling, was born on September 20, 1945, in Beverly Hills, California. She grew up in a Jewish household, and her father was a salesman who owned a chain of modestly successful furniture stores. After graduating from high school, she pursued her artistic interests at the Chouinard Art Institute in Los Angeles. She later adopted the name “Candy,” a reflection of her vibrant and engaging personality.

Candy Spelling’s Literary Ventures

Candy Spelling has also made her mark as an author, sharing her life experiences and insights with the public through her books. In 2009, she released her autobiography, “Stories From Candyland,” which quickly became a New York Times Bestseller, demonstrating her appeal to a wide audience. Five years later, she followed up with another memoir, “Candy at Last,” further exploring her life and experiences. In addition to her books, Candy Spelling has contributed articles to online publications such as TMZ and the Huffington Post, showcasing her ability to connect with readers through different media.

Alberto E. Rodriguez/Getty Images

Candy Spelling’s Television Appearances

Candy Spelling has also ventured into the world of television, giving viewers insights into her life and experiences. From 2011 to 2012, she appeared on HGTV’s “Selling Spelling Manor,” a two-part series documenting her efforts to sell her iconic home after her husband’s death. The series provided a behind-the-scenes look at the process of selling a significant piece of real estate. The show focused on many aspects of the estate, including its impressive size and luxurious amenities.

Following the success of “Selling Spelling Manor,” Candy Spelling continued to engage with television audiences with “Beyond Spelling Manor” in 2013. This three-part series focused on her efforts to construct a new residence, offering viewers a detailed look into the construction process of her new $35 million condominium and her search for an apartment in New York City, showcasing her ability to adapt and thrive after selling the iconic Spelling Manor.

Alberto E. Rodriguez/Getty Images

Candy Spelling’s Career as a Broadway Producer

Beyond her real estate and television appearances, Candy Spelling has also established herself as a successful Broadway producer. She has contributed to the production of several acclaimed musicals, with her first production credit being “Promises, Promises,” which was nominated for four Tony Awards. Her other productions include “How to Succeed in Business Without Really Trying,” “Nice Work if You Can Get It” (which won two Tony Awards in 2012), “After Midnight” (which won a Tony Award in 2013), and “The Color Purple” (which won another Tony Award in 2016). Candy Spelling has also produced “The Iceman Cometh,” “Three Tall Women,” and “Carousel”, further cementing her role in the world of theater.

Personal Life and Family

Candy Spelling’s personal life has been closely intertwined with the entertainment industry. She was married to the late Aaron Spelling, a legendary television producer known for his work on iconic shows such as “Charlie’s Angels” and “Beverly Hills 90210.” Together, they had two children, Tori Spelling and Randy Spelling. While both children have pursued successful careers in acting and social circles, their inheritance from Aaron Spelling sparked public discourse.

Candy Spelling’s Philanthropic Efforts

Candy Spelling is also known for her philanthropic activities, particularly through her involvement with the American Humane. She serves on the board of directors for this animal welfare organization, contributing to their mission to protect animals. In addition to her work with the American Humane, Candy Spelling is actively involved with various Los Angeles-based foundations and councils. These organizations focus on public affairs such as parks management, healthcare systems, and the promotion of daycare accessibility, reflecting her dedication to supporting her community.

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Conclusion: A Life of Influence and Adaptation

Candy Spelling’s life is a testament to adaptation, resilience, and the ability to thrive in various arenas. From the iconic Spelling Manor to her literary and philanthropic endeavors, Candy has established herself as a force in Hollywood and beyond. Her story continues to captivate, offering lessons on wealth management, real estate investments, and the importance of philanthropy. Candy Spelling remains an icon of a bygone era, shaping the cultural landscape and influencing those around her.