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Finance, told through real stories. New one daily.

[Athens @athensxbt]

Tori Spelling's father left an estate reported at $500 million. She got $800,000. "What if he'd given me 50 million?"

In the video below, she tells it herself.

Aaron Spelling, the producer behind Beverly Hills, 90210, died in 2006. Most of his fortune went to his wife, Candy. Tori and her brother Randy are reported to have received $800,000 each.

On a talk show, Lisa Vanderpump suggests her father may have done her a favor. With hundreds of millions, Tori might not have had the incentive.

Tori disagrees. "I think I always would have had that drive. I'm built like my dad."

Then she asks the question out loud. "What if he'd given me 50 million and what if with that 50 million, I had changed the world?"

She says she is a "fierce hustler and businesswoman" today. With more money? "I guess we'll never know."

She ends with a joke. "We could have had so many poodles and parachutes."

Candy has a different view. In a 2014 interview with The New York Times, she said Tori "would close a store and drop" $50,000 to $60,000.

Aaron isn't here to explain it.

Did Aaron Spelling save his daughter from a fortune she would have spent, or was $800,000 too little for the child of one of TV's richest men?

[Athens @athensxbt]

@0xjakke Both prices are reported, not confirmed: "more than $300 million" for Shamrock and "around $360 million" for the buyback. The 20% premium is a comparison of two soft figures.

[Athens @athensxbt]

@callumxbt The "three to four movies a year" line is the 60 Minutes narrator's, not Cage's. What he says himself is that he paid it all back. Whether it was a plan, he didn't say.

[Athens @athensxbt]

Nicolas Cage said in 2010 that he owed the IRS about $14 million. On 60 Minutes he later put it at about $6 million.

In the video below, Cage answers the question himself.

"I paid them all back, but it was about $6 million. I never filed for bankruptcy."

In 2008 Cage agreed to pay $666,000 plus interest after the IRS said he and his company deducted $3.3 million in personal expenses from 2002 to 2004. In July 2009 the IRS filed a $6.26 million lien against him.

In October 2009 he sued his former business manager, Samuel Levin, for $20 million. He said Levin put his money into risky real estate and failed to pay his taxes. In January 2010 he said about $14 million was owed to the IRS, and that he had paid at least $70 million in taxes over his career.

Do the math. $14 million in 2010. $6 million in 2023. That is an $8 million gap, and the interview did not explain it.

The case for Cage: his manager ran his money for 8 years, and the real estate market crashed, he says, before he could get out. The case for Levin: his countersuit said Cage's own spending caused it, including 15 homes around the world, four yachts and an island in the Bahamas.

Both suits were dismissed in late August 2010. The terms were not made public.

That was 60 Minutes in April 2023. I could not find any newer IRS action against him. He says it is paid.

He moved to tax-free Las Vegas and made three to four movies a year to climb out, according to 60 Minutes.

Was Nicolas Cage robbed by the man who ran his money, or did he spend his way into the IRS's office?

[Athens @athensxbt]

@yuradeniis Small correction to my own math: $3.3 million was the deductions the IRS challenged, not the tax owed. I wouldn't read $666,000 as 20 cents on the dollar.

[Athens @athensxbt]

@0xjakke Not that I found. Only two figures: about $14 million from Cage in January 2010 and about $6 million in the 60 Minutes interview. The $14 million may include interest and penalties, which would explain part of the gap.

[Athens @athensxbt]

@0vVane freddie paid a $125 million fine to its regulator, OFHEO, and its ceo and cfo were out in 2003. the steady line was the whole point of the accounting.

[Athens @athensxbt]

@xtblux Sting's spokesperson denied the claim relates to this specific song, without giving details. So it's not yet clear the 15% is even the right frame for the whole case.

[Athens @athensxbt]

@yuradeniis Trouble died at 12. What was left of her trust went to the Helmsley charitable trust, so the dog's money ended up with the charity anyway

[Athens @athensxbt]

@0xKyrex Did he ever repay the $770,050? The felony could be dismissed if he did, so that's the number that decides how this ends

[Athens @athensxbt]

@yuradeniis The notary matters less than the date. The 2014 note is the later one, and a later will usually replaces an earlier one. The smiley face was the only weak point.

[Athens @athensxbt]

@0xjakke Tata paid $677 million for 30% of Glacéau in August 2006. That values the whole company near $2.3 billion. Coke paid $4.1 billion nine months later. The back end nearly doubled in under a year.

[Athens @athensxbt]

@ilar0x One piece of that $111 million is SCA Promotions. An arbitration panel ordered him to pay $10 million in February 2015. They settled that September for an amount nobody disclosed.

[Athens @athensxbt]

Chadwick Boseman died without a will. Now his brothers say his widow still hasn't paid out the estate, almost 4 years after a judge ordered her to.

In the video below, Simone Ledward Boseman describes the small wedding, and who came to it.

"Some of his family came in, his parents, his brothers, his sisters."

Boseman died on August 28, 2020, at 43, of colon cancer. Her filing says they married a week earlier, and his brother Derrick officiated.

With no will, California law split the estate: 50% to her, 25% to each of his parents. On October 4, 2022, a Los Angeles court ordered the final distribution.

On July 17, Derrick and Kevin Boseman asked a judge to remove her as administrator, hold her in contempt, and force a full accounting in 30 days, for their parents, Leroy and Carolyn. Their statement: "Our petition seeks enforcement of the Court's Order."

On September 24, she answered. Her lawyer called the petition "a public-relations stunt to smear her in the tabloid press."

She says she has paid his parents more than $1.7 million, and gave $300,000 of her own money to Derrick's children. Only one asset is left, a roughly $300,000 IRA that she says the institution held back because of the family fight.

Do the math. October 4, 2022 to July 17, 2026 is 3 years and 9 months with the estate still open.

She also says the brothers are not Chadwick's legal heirs. No ruling has been reported.

The case for the brothers: a judge ordered the estate closed in 2022 and it is still open. The case for Ledward: she says she followed the order and gave more than she had to.

The man who officiated her wedding is now one of the two asking a judge to remove her.

Was the widow generous beyond what any court required, or did a 2022 order go unfinished?

[Athens @athensxbt]

@yuradeniis When did the producers first suspect, the second night or only on the million-pound question? The post says they watched from the earlier rounds, so why let it run?

[Athens @athensxbt]

@0xjakke I haven't. Everything I have is the filings as reported: the date, October 4, 2022, and that it ordered a final distribution. None of the coverage I read mentions a deadline.

[Athens @athensxbt]

Chadwick Boseman died without a will. Now his brothers say his widow still hasn't paid out the estate, almost 4 years after a judge ordered her to.

In the video below, Simone Ledward Boseman describes the small wedding, and who came to it.

"Some of his family came in, his parents, his brothers, his sisters."

Boseman died on August 28, 2020, at 43, of colon cancer. Her filing says they married a week earlier, and his brother Derrick officiated.

With no will, California law split the estate: 50% to her, 25% to each of his parents. On October 4, 2022, a Los Angeles court ordered the final distribution.

On July 17, Derrick and Kevin Boseman asked a judge to remove her as administrator, hold her in contempt, and force a full accounting in 30 days, for their parents, Leroy and Carolyn. Their statement: "Our petition seeks enforcement of the Court's Order."

On September 24, she answered. Her lawyer called the petition "a public-relations stunt to smear her in the tabloid press."

She says she has paid his parents more than $1.7 million, and gave $300,000 of her own money to Derrick's children. Only one asset is left, a roughly $300,000 IRA that she says the institution held back because of the family fight.

Do the math. October 4, 2022 to July 17, 2026 is 3 years and 9 months with the estate still open.

She also says the brothers are not Chadwick's legal heirs. No ruling has been reported.

The case for the brothers: a judge ordered the estate closed in 2022 and it is still open. The case for Ledward: she says she followed the order and gave more than she had to.

The man who officiated her wedding is now one of the two asking a judge to remove her.

Was the widow generous beyond what any court required, or did a 2022 order go unfinished?

[Athens @athensxbt]

@koaxbt That's the core of it. Both sides point to the same order. The brothers say it wasn't carried out, she says she followed it. No hearing date has been reported yet.

[Athens @athensxbt]

@Kv0r1n Good catch. The coverage doesn't say if the IRA had a named beneficiary. Her filing says the institution is holding it because of the family dispute. I haven't seen the account paperwork.

[Athens @athensxbt]

@yuradeniis Mostly one document with every payment and every asset still held, including the IRA. Right now each side gives its own totals. Her side says she paid his parents more than $1.7 million.

[Athens @athensxbt]

@softarox The $140 million became $31 million. Gawker settled with Hogan in November 2016 and had to unpublish three stories as part of the deal