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Dean McDermott Net Worth 2020

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Facts of Dean Mcdermott

Full NameDean Mcdermott
First NameDean
Last NameMcdermott
Birth NameDean Mcdermott
ProfessionActor, Host, Chef
NationalityCanadian-American
EthnicityWhite
Birth CityToronto, Ontario
Birth CountryCanada
Father NameDavid McDermott
Mother ProfessionDoreen McDermott
Gender IdentityMale
Sexual OrientationStraight
HoroscopeScorpio
Marital StatusMarried
SpouseTori Spelling
Relation WithMary Jo Eustace (m. 1993- div. 2006)
No Of Children6
Networth500000
Sibilings3
FilmographyTrue Tori (2014),Tori & Dean: Cabin Fever (2014),Open Range (2003)
Height191 cm
Networth$500 k
Twitter Profile
Insta Profile
Date of BirthNovember 16,1966
Age53 years
Married DateMay 7,2006

Dean McDermott, a Canadian-American actor as well as a chef gained wide recognition through his work in reality cooking series Chopped Canada (from 2014 to mid-2015). 

Moreover, with his wife Tori Spelling, the actor has appeared in docu-series True Tori (2014) and Tori & Dean: Cabin Fever (2014).

Turned professional since 1988,  McDermott records 84 acting credits so far; aside from TV series, he has also worked in movies too.

How Much Is Dean McDermott's Net Worth In 2020?

According to Celebrity Net Worth, Dean has a net worth of $500,000 as of March 2020. With his wife Tori Spelling's fortune of $500,000, the actor totals their worth at $1 million meanwhile.

Without a doubt, McDermott's acting career is the major source of his considerable income- thanks to the venture in the film industry spanning over 3 decades.

Although The Richest claims Dean's net worth to be around $3 million, the actor facing lawsuits for unpaid debts raises the question of his actual wealth accumulation.

Canadian actor & host Dean McDermott has a net worth of $500,000 in 2020
Canadian actor & host Dean McDermott has a net worth of $500,000 in 2020

Source: Cheat Sheet

Back in 2013, McDermott's wife Tori stated them almost broke as they lost a hefty sum on bad investments & told:

"We had some income here and there, but no savings apart from our retirement accounts."

Aside from being an actor & working in TV series as well as movies, 53-year-old Dean is a professional chef too. He was a member of "Team Guy" who won the Rachael vs. Guy: Celebrity Cook-Off, Season 2.

Furthermore, he hosted the 2 seasons (Season 1 & Season 2) of Food Network Canada's Chopped Canada (2014- 2015).

Even if the 6 ft. 3 inches tall America-based TV personality is yet to disclose his earnings, he might earn in the 6-digit figure for sure.

Financial Troubles & Lawsuits Shower

Indeed career as an actor is inspiring until bad management leads all the way to catch one's finance's throat, which seems the same for Dea McDermott.

Reportedly, he & his wife Tori lost millions of dollars in real estate investments that failed, that hung them with debts.

In December 2016, the couple was sued by City National Bank, after they failed to pay off $200,000 out of a $400,000 loan. The bank also stated that Tori withdrew $17,000 amidst of the loan.

Moreover, in February 2017, Dean's ex-wife Mary Jo Eustace sued him for $100,000 in back child support.

In January 2019, the court ordered Tori Spelling to pay $88,000 to American Express, after they sued her for credit card debt.

As reported, Dean and Tori had $260,000 in back taxes.

Professional Career: Movies & TV Series

Dean made his acting debut through the film Graveyard Shift II (1988) & then worked in several TV films & series such as: 
Final Judgment (1991), Street Legal (1993), Wild C.A.T.s (1994) and The Outer Limits (1996).

In 1998, he earned his first role as the main cast in TV series Power Play (1998- 2000) & then landed another major role in Earth: Final Conflict (1999), a sci-fi TV series.

After notable work in 1-800-Missing (2003- 2006), Dean appeared alongside his wife Tori in Tori & Dean: sTORIbook Weddings (2011), a reality TV series.

McDermott got wide fame as the host of Canadian cooking reality series Chopped Canada
McDermott got wide fame as the host of Canadian cooking reality series Chopped Canada

Source: Celebrity Net Worth

Thereafter, alongside Tori, he worked in the docu-series Tori & Dean: Cabin Fever (9 episodes) and True Tori (15 episodes) in 2014.

Moreover, he was the host of cooking reality series Chopped Canada for 2 seasons (Season 1 & 2, 2014- 2015) & was later replaced by Brad Smith for the 3rd & 4th season.

Since 2016, Dean McDermott appears as the main cast Chief Iain Vaughn in Slasher: The Executioner, & also has recurring roles in Slasher: Guilty Party (2017) and Slasher: Solstice (2019).

Along with TV prominence, the actor also records movie credits; his critically acclaimed film Open Range (2003) made $68.3 million in the gross collection over the budget of $22 million.

Has Moved In Over 9 Places: Where Does He Live?

The American actor along with his wife Tori & 5 children, reportedly has moved over 9 places in a span of 8 years, according to Daily Mail

Currently, they lived in a rented 5-bedroom & 5-bathroom house in Hidden Hills, California, paying a rent of $13,000-a-month; they moved there in March 2019.

Dean McDermott & Tori Spelling currently live in a rented Hidden Hills house paying $13,000-a-month
Dean McDermott & Tori Spelling currently live in a rented Hidden Hills house paying $13,000-a-month

Source: Daily Mail

Back in 2008, he was a tenant in Thousand Oaks, California house; there he paid $15,900-a-month & ever since has moved across California in Calabasas, Woodland Hills & Westlake Village.

Formerly, Dean and his wife Tori has ownership of 6-bedroom & 6.5-bathroom property in Encino, California, which he sold in December 2011 for $2.5 million.

He had bought the 6,718 sq ft. house in 2008 for $2.495 million.

Dean McDermott's former house in Encino, Californi; he sold it in December 2011 for $2.5 million
Dean McDermott's former house in Encino, Californi; he sold it in December 2011 for $2.5 million

Source: Variety

The Virtual Globetrotting reports that the duo also owned a house in Los Angeles, California, bought in 2008 via a trust for $2.275 million & another property in Malibu (paid $2.4 million). However, the sales detail of Dean's former property is yet to be out.

Married Twice & Father Of 6 Children

Dean has been married twice in his life & divorced once. Currently, the Canadian-born & now America-based actor lives with his second wife Tori Spelling.

Reportedly, the couple eloped on May 7, 2006, to a private island in Fiji. Together, they share 5 children: Liam (born on March 13, 2007), Stella (June 9, 2008), Hattie (October 10, 2011), Finn (August 30, 2012) and Beau (March 2, 2017).

Dean McDermott & his second wife Tori Spelling with their 5 children
Dean McDermott & his second wife Tori Spelling with their 5 children

Source: US Weekly

Prior to Tori, he was in a marital relationship with Mary Jo Eustace & even more, welcomed a son Jack Montgomery on October 10, 1998.

They married on July 24, 1993, & divorced on February 12, 2006.

Short-Bio:

Dean McDermott was born on November 16, 1966, in Toronto, Ontario, Canada. He is the only son among 4 children of David and Doreen McDermott; he has 3 sisters: Dale, Dawn, and Dana.

On August 21, 2010, he became an American citizen at a ceremony in Los Angeles.

Did you know? After a dirt bike accident on July 1, 2010, he suffered a punctured and collapsed lung. It was his 2nd second in that year & later released from the hospital on July 6, 2010.

Updated On Sun Mar 29 2020 Published On Sun Mar 29 2020 By CRM

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