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Vanderpump Rules star Tom Schwartz star is struggling financially amid his divorce. Now that he and co-star, Katie Maloney, have called it quits, money has become quite the issue. He opened up about all that he was going through in the Season 10 premiere which aired Wednesday, February 8th. It seems that, with everything going on, he is having trouble staying afloat. So, what does that mean exactly? Read on for more details.
Vanderpump Rules Tom Schwartz Struggling Financially Amid Divorce
Last season, Tom Schwartz and his best friend, Tom Sandoval decided to open a new bar. They already are part owners of TomTom with Lisa Vanderpump. However, they are ready to really have something of their own. Therefore, they chose to branch out and create something that is completely their own vibe. They named it Schwartz and Sandy’s and, as of the beginning of Season 10, they were still working on it. Sandoval noted that they have put a million dollars into the bar thus far.
At the same time, Tom Schwartz admitted to Sandoval that he was struggling financially at the moment. According to The Sun, Schwartz laid it all out on the line to his bestie as to what was going on. “Dude, I’m like f**king drowning, man. Getting the divorce, I’m losing my house,” Schwartz started. He then proceeded to explain all of the financial burdens that he had falling into his lap aside from the new bar that they were opening.
“You know how bad it sucks right now having a mortgage? $6 grand for that. That’s my portion. Then I have $3,500 in rent. That’s not even counting bills, our lease here,” he continued. Sandoval went on to joke that once Schwartz and Katie sold their Valley Village home, he could put the income into the bar. At that moment, they were both extraordinarily stressed about making the bar look perfect. They were hosting a Daily Mail party so everything had to be above par.
Where It Stands Now
Throughout the season, the duo continues to bicker about things within the bar. However, Tom Schwartz does acknowledge that he does make a profit from the sale of his home. Of course, it does go into his apartment. Yet, all is not lost as Schwartz and Sandy’s is now up and running and seemingly doing quite well. From their social media, they are always having events, including a Valentine’s Day dinner. Unfortunately, there is still lingering drama that needs to be resolved between Tom and Katie.
Though they started off the season as friends, trying to make the best of their divorce, it will quickly go south. The one thing that she asked was that he not hook up with anyone in the friend group. That fell by the wayside when he ended up kissing Raquel Leviss who was previously engaged to DJ James Kennedy.
Are you surprised that Tom Schwartz is financially struggling? However, are you happy to hear that things are starting to turn around business-wise? Let us know and watch Vanderpump Rules Wednesdays on Bravo.