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Heidi and Spencer Pratt Bankrupt? Couple Explains How They Blew $10 Million

Heidi and Spencer Pratt Bankrupt? Couple Explains How They Blew $10 Million
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Celebrity Gossips

Heidi and Spencer Pratt Bankrupt? Couple Explains How They Blew $10 Million

Heidi and Spencer Pratt seem to be oblivious the term living below your means. The reality TV stars apparently blew all their cash and are currently living off Spencer’s parents, FREE OF CHARGE.

The couple reportedly made $2 million annually starring in the MTV reality series The Hills. Their combined fortune amounted to approximately $10 million, certainly a big wad of cash to go through.

According to the Daily Mail, the couple was living a frivolous lifestyle. The Pratt’s admitted that years of overspending was the main reason behind their financial troubles.

Expensive items such as $3000 wines, $15,000 designer purses, and $10,000 crystals were among the couple’s purchases. Heidi and Spencer Pratt have hit rock bottom that they are now forced to live in a guest house owned by Spencer’s parents.

According to People, the couple very much regret pretending to be high rollers. ‘We were keeping up with the Joneses, but we were going up against Tom Cruise and Katie Holmes.’ Pratt said.

Also Read: ‘The Hills’ Ryan Cabrera, Audrina Patridge Relationship Fake?

Pratt also added that they should have stayed in their reality TV lane. While the couple had business managers who offered great advice, most of the time the two let ego take control and believed they knew what they were doing.

In addition to shopping for ridiculously expensive items, the Pratts also enjoyed dining in expensive restaurants. They also reportedly employ a full staff and bodyguards.

Heidi also revealed in 2010 that she underwent cosmetic surgeries. While this happened during their heyday in The Hills, it was definitely a hint regarding how they manage their finances.

The couple did not reveal exactly when they went broke but it is suggested that it was right after 2010. The couple now lives in Santa Barbara, rent free.

Heidi and Spencer Pratt are still able to make money through reality shows even if it’s not the six-figure salary as before. And according to them, each show is like an audition for the next.

Also Read: ‘Finding Prince Charming’ Reality Show: Fast Facts On ‘The Bachelor’ For Gays

About Nathaniel Artosilla

Nate is a bookworm with a passion for history. Ask him anything about Politics, Markets, Economy and he will likely have an answer. Follow him for in-depth analysis of the complicated and intertwined alliances in global politics.

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