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Vampire Diaries star Ian Somerhalder says ‘fraud’ left him in eight-figure debt: 'Had to sell everything'

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Lakshana N Palat·about 1 month ago
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For Ian Somerhalder, a failed business venture came at a steep personal and financial cost, nearly wiping out the financial security he had built during his Hollywood career. The actor revealed that the setback left him in an 'eight-figure hole,' a crisis he said he survived with the support and determination of his wife, Nikki Reed. The difficulties began after Somerhalder shifted his focus from acting to a clean energy startup that ultimately collapsed. Speaking to E! News, he said, “I left an insanely lucrative career in television after financial upheaval from building a business that I didn’t build properly. And due to fraud, it put my wife and I into an eight-figure hole.” He recalled having to sell most of his assets, while Reed took the lead in negotiating their way out of the failed deal. The experience marked a dramatic turn for the actor, who said he could otherwise have been “retiring off of one of the biggest TV shows in the world.” "Eight figures is a hard hole to climb out of,” he explained.…

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