This is how Pamela Anderson lost her money
Pamela Anderson bought a repairman at 23445 Malibu Colony Road in 2008 for just $1.8 million, per CBC, and hired architect Philip Vertoch and interior designer Josh Chryssanthou to turn things around. Unfortunately, remodeling the 2,752-square-foot home and opting for lavish touches, such as gold pool tiles, was something she simply couldn’t afford. As People reported in 2009, Anderson was hit with liens from five construction companies after failing to pay their bills, including a $674,043 “labor and materials” bill for remodel the house, build a swimming pool and “build foundations for [a] guest house.” As Investopedia explains, a lien is “a legal claim or right to assets that are typically used as collateral to settle a debt.”
The following year, the ‘Baywatch’ star reportedly moved into a ‘one-bedroom mobile home on a dilapidated trailer park’, according to Mirror, but assured the outlet that she was ‘happy’ to live in the “special community” with her two sons. During that time, she tried to rent out the Malibu mansion on VRBO in 2011 (for $75,000 a month) and 2012 (for $50,000 a month), per Variety. It’s unclear if she was successful, but she then put it up for sale for $7.75 million in 2013. Unfortunately, there were no takers and she tried to rent the house again in 2017 for $50,000 per month, per real estate agent. Relief came in August 2021 when she finally sold the property for $11.8 million, per TMZ, and moved into her Vancouver, Canada home permanently.