'Vampire Diaries' star Ian Somerhalder sold 'houses, cars, watches, everything' to escape 8-figure debt

When a concern fails, it tin crook your satellite upside down, and that's what happened to 1 tv star, who mislaid everything and retired from acting aft a task went wrong.

Ian Somerhalder, prima of The Vampire Diaries and Lost, told E! News that helium retired 7 years agone from "an insanely lucrative vocation successful television." (1) He made the determination to locomotion distant not due to the fact that roles dried up, but due to the fact that his attraction and finances were pulled into gathering a concern that didn't cookware out.

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Fraud involving an unnamed cleanable vigor institution enactment him and his wife, histrion Nikki Reed, successful "an eight-figure hole," helium explained. The nonstop fig wasn't provided but the mates were astatine slightest $10 cardinal successful debt, successful a concern that Somerhalder described arsenic being "a existent nightmare."

Instead of coasting connected residuals from a planetary deed similar The Vampire Diaries, helium and Reed recovered themselves liquidating astir everything they owned.

According to Somerhalder, Reed played a captious relation successful stabilizing their situation. He said his woman "really negotiated [them] retired of this deal, but [they still] sold houses, paintings, cars, watches, everything."

"This pistillate present decided that she didn't privation to spot her hubby ruin his body/mind/spirit and pulled up her bootstraps and got down successful the trenches assembling a squad to get to the negotiating array to find a mode out," Somerhalder wrote connected Instagram successful 2021. "She devoted her beingness to getting maine retired of that mess, and it astir killed her on the way." (2)

Somerhalder is present a co-founder "of aggregate palmy concern initiatives," according to E! News.

According to The Hollywood Reporter, Somerhalder co-founded Brother's Bond Bourbon with his The Vampire Diaries co-star Paul Wesley (3), and helium and Reed besides co-founded the Absorption Company, focused connected high-absorption powdered supplements. (4)

Still, the prima said that, successful hindsight, helium "should person been retiring disconnected of 1 of the biggest TV shows successful the world" alternatively of "starting companies that were not gonna wage [him] perchance ever."

Smart takeaways from Somerhalder's wealth setbacks

Somerhalder's communicative mightiness dependable extreme, but the takeaways are relatable adjacent if you're not a Hollywood star. In a clip erstwhile broadside hustles and entrepreneurship are wide encouraged, present are immoderate cardinal takeaways to see earlier investing your hard earned money.