How Heidi Montag and Spencer Pratt Went Broke, by the Numbers

Spencer PrattWhile it seems everyone wants to eulogize the reality show careers of Heidi Montag and Spencer Pratt of The Hills, The Price of Fame set out to itemize.

In piecing through bits revealed in their we-are-broke-and-we-were-stupid confessionals in the Daily Beast and elsewhere, we've been able to quantify their fiscal waste. The couple has burned through at least $10 million, according to the Daily Mail. They're now camping out at Spencer's parents' beach home in Santa Barbara, reportedly subsisting on burritos and perhaps wondering how their 15 minutes fizzled out faster than Alka Seltzer.

"Somebody who reaches that pinnacle of success has to realize that success is very fleeting," said TPOF resident expert Mitch Slater, senior vice president of investments for UBS Financial Services. "Just look at the heap of child and teen actors that became financially ruined for not saving any money."

Just how profligate was Speidi, as they became known during their six seasons on the MTV show that went dark in 2010? Let us read on and learn from their covetous ways.

The numbers tell a story that might have made an even better docu-series -- perhaps one that could have competed with Jersey Shore before that vapid vehicle of vulgarity wiped The Hills off the map.

What they spent:

--$2 million on Heidi's nowhere music career. She wanted Britney Spears. She got the remainder bin. Her album Superficial sold less than 1,000 copies in its first week of release in 2010.
--$1 million-plus on Spencer's wardrobe. He told the Beast they were props.
--$500,000 on Heidi's plastic surgery, including boob jobs, nose jobs, chin job, booty job and just about every other job that doesn't pay. This is a guess. The actual operations were estimated at $300,000. It was the $2,000 per nurse visit and bandage change during her recoveries that led us to suspect her mid-six-figure tab.
--$35,000 a month on a Malibu mansion, the Daily Mail said.
--$8,500 a month on a Hollywood Hills rental.
--$11,000 for a rebuilt engine, plus larger undisclosed costs, for a monster truck that he drove once on the show.

Where it came from:

--$3 million in income and endorsements from the first two years of The Hills alone.
--$100,000 per episode for Montag and $65,000 for Pratt in the last season.
--$3,000 per photo of the couple at their peak.

Where will it come from?

Pratt has inquired about working as a reality actor's agent and told no thanks, the Beast reported. Montag got a temporary gig on VH1's Famous Food. But it's apparently not paying the bills because Pratt's parents buy the groceries. Pratt, who turns 28 in August, said he learned that reality TV isn't a career. Montag, 25, wondered aloud why her small-town values did not make her sock away the money.

It's the kind of hindsight that could have made the difference between being reality has-beens with a financial future to cautionary-tale punchlines.

"They clearly forgot the golden rule of financial literacy: to immediately pay yourself first," Slater said. "It's hard for me to imagine that nobody said to these two young people, don't forget that this can all go away like that and you need to save."

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26 Comments

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bob

Can you say PORNO

August 08 2011 at 6:20 AM Report abuse rate up rate down Reply
jerald3739

Easy come and easy go. And for Heidi and Spence it won't ever be coming back.

August 07 2011 at 8:25 PM Report abuse rate up rate down Reply
JOHN C MILLER

What a couple of dopes !

August 06 2011 at 2:54 AM Report abuse rate up rate down Reply
Vito

Typical of the hollywood mentality, they get to join the cast of thousands who blew every penny and more than they made. $1 million would last me the rest of my life. Hollywood and athletes have similar qualities, no common sense. Fame is very fleeting and your first year of big money should be to set you up for the rest of your life. After setting yourself up for a good life, then you can blow the whatever else you make. Doing so will ensure something to always fall back on. No sympathy from me.

August 05 2011 at 10:16 AM Report abuse +3 rate up rate down Reply
jbobst4

And just why is this bit of journalistic tripe worth publishing?

JB

August 04 2011 at 11:04 PM Report abuse +2 rate up rate down Reply
fmirabelli

Wow...another example of 15 minutes of fame without saving a dime. I bet moomy and daddy have to pay all the bills now and the kids gave them nothing.

August 04 2011 at 7:32 PM Report abuse +3 rate up rate down Reply
Mark

It couldn't have happened to a more deserving couple. Will they go away now?

August 04 2011 at 4:33 PM Report abuse +2 rate up rate down Reply
jmcalif

Is it the writer of the article that isn't making any sense with words? or it is because I never watched their program and do not know what he means......Can somebody tell me what these two sentances mean.? Please do not be cruel with your responses as I am serious - I do not get what these mean. THNX

1. Just how profligate was Speidi

2. She wanted Britney Spears. She got the remainder bin.

August 04 2011 at 1:50 PM Report abuse +1 rate up rate down Reply
Nick

Who gives a Rat's Corn-Hole? I mean... please!

August 04 2011 at 1:25 PM Report abuse +2 rate up rate down Reply
Johnny Fruckles

'tis far, far easier to attract attention than to command and retain it, but after you've exposed yourself in every way possible only to reveal that there's nothing of substance, your fifteen minutes is over. You become just one more cautionary tale about the Hollywood mirage and consigned to the Where Are They Now? file at TMZ. The only surprising element to this story is that, at ages 25 and 28, their public lives are over when most are just beginning, and instead of capitalizing on their notoriety they are imprisoned by it. Although, I suppose if I have to serve out my sentence, might as well do it in my parents' place on the beach in Malibu.

August 04 2011 at 10:02 AM Report abuse rate up rate down Reply