Olsen twins’ father faces foreclosure in California
David Olsen spawned perhaps the richest twin girls, Mary-Kate and Ashley, on the planet 24 years ago. Today, however, he’s filed for bankruptcy and is facing foreclosure on a $2.1 million home located in Tarzana, Calif., according to PopCrunch.com. His millionaire daughters, who got off to their famous starts as baby actresses on the hit television series [...]
David Olsen spawned perhaps the richest twin girls, Mary-Kate and Ashley, on the planet 24 years ago.
Today, however, he’s filed for bankruptcy and is facing foreclosure on a $2.1 million home located in Tarzana, Calif., according to PopCrunch.com.
His millionaire daughters, who got off to their famous starts as baby actresses on the hit television series “Full House” back in the late 1980s, have amassed a massive merchandising empire through Dualstar Entertainment Group (founded when they were just six years old) over the years.
In fact, Forbes lists the dynamic duo as eleventh on its list of richest women, worth and estimated $100 million, selling everything from videos, books, dolls, cosmetics and clothes.
The report quotes an “insider” (consider the source) that recent “changes” in the relationship between father and daughters could be behind their decision to not lend a hand right away.
Here’s a snip:
“Something is wrong now. Over the years, The Olsens were all close but along the way maybe something has changed. He’s behind on mortgage payments and won’t be able to stop the auction unless he gets his hands on $2 million. Hopefully, Mary-Kate and Ashley will help before it’s too late.”
If the twins don’t come to their father’s financial rescue, David, his new wife and two children, could lose the home on July 9, 2010.
