Highlights
- Despite her financial struggles growing up, Sydney Sweeney became a sought-after Hollywood star thanks to her hard work and determination.
- Sydney's father's bankruptcy filing shed light on the challenges her family faced, including his $186,000 debt and $7,850 monthly income.
- Sweeney's success came from her own efforts, as she mentioned paying off her mom's mortgage and the need to keep working to support herself.
Sydney Sweeney is one of the up-and-coming actresses of her generation, with dozens of big projects coming out, like new movies such as Anyone But You and Immaculate. The Euphoria star has also become known for scoring several big brand deals in recent years, including with Miu Miu, further expanding her star power and bank account.
While Sydney may be worth an estimated $10 million, it doesn’t seem like the actress came from a lot of wealth, as her father’s financial problems were recently exposed to the public.
RelatedA Look At 'Euphoria' Star Sydney Sweeney's Career
Sydney Sweeney has become one of the most sought-after names in Hollywood.Court documents from Radar Online reveal that Sweeney's father, Steven, filed for Chapter 7 bankruptcy in October 2016 following his separation from her mother, Lisa. His filing disclosed $17,000 in assets and a staggering $186,000 in liabilities, with an average monthly income of $7,850 against expenses of $7,690.
Despite financial strain, Steven provided $3,500 monthly support to Lisa. His assets, including a 1993 Toyota Land Cruiser and minimal personal belongings, contrasted starkly with liabilities such as $82,000 to Bank of America and $85,000 to Timberland Bank. Steven also noted that he contributed $1,100 monthly towards Sydney's college tuition (she earned a business degree before turning her focus primarily onto acting). The court eventually approved his request for bankruptcy in 2017.
Sydney would go on to make it big a few years later, and the actress even mentioned earlier this year that she paid off her mom’s mortgage. But there’s a reason fans keep seeing Sydney’s face everywhere, as she admitted last year to not being able to afford a break, explaining why she does so many paid collaborations in addition to her acting gigs.
“If I wanted to take a six-month break, I don't have income to cover that," she told The Hollywood Reporter . "I don't have someone supporting me, I don't have anyone I can turn to, to pay my bills or call for help."
Sydney clarified that a significant portion of her earnings is allocated to her team, who assist her in navigating her professional endeavors. "The established stars still get paid, but I have to give 5 percent to my lawyer, 10 percent to my agents, 3 percent or something like that to my business manager," she explained. "I have to pay my publicist every month, and that's more than my mortgage."
The White Lotus alum further lamented, "They don't pay actors like they used to, and with streamers, you no longer get residuals.”
Given the recent revelation about Sydney’s family, she may be another rags-to-riches story.
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