Sep 10, 2015 07:30 AM EDT
David Cassidy's Net Worth: Bankrupt Ex-Teen Heartthrob To Auction Florida Home

Former TV star and teen idol David Cassidy, who filed for Chapter 11 bankruptcy protection earlier this year is auctioning his home in Florida for $3 million on Wednesday.

The "I Think I Love You" hit maker bought the 7,000 square-foot, five-bedroom waterfront house in Fort Lauderdale for about $1.1 million back in 2001. He spent five years refurbishing the property from the pool to the patio and the installation of heavy wood doors, according to NBC News.

The former 'Partridge Family' star has sold more than 30 million records worldwide. But has been battling with abuse issues and went to rehab last year.

Early this year, he filed for bankruptcy in Florida. In a statement obtained by PEOPLE, the 64 year old fallen star said he has "assets and debt of up to $10 million." In his papers, he claimed he owed "Wells Fargo Bank ($290,000), American Express ($21,000) and Citi Bank ($17,000)." He's also in debt of $102,000 to a lawyer in Hallandale, Florida.

In 2010, the 1970s heartthrob was arrested in Florida on a DUI charge. He spent nine hours in  St. Lucie County jail and was released after posting a $350 bail. Eventually he was charged with the same offense in 2013 and 2014.

Last year, his third wife, Sue Shifrin-Cassidy, filed for divorce after 23 years of being married to David.

"This has been looming for some time," Shifrin-Cassidy admitted to TMZ. "I am truly heartbroken that our marriage is ending."

"It is very sad that Sue chose to this approach," Cassidy said in a statement. "I have tried to resolve this amicably outside of the public eye. I have reached out to her with no response over the last three months. It's a sad day for me and for our son Beau."

Cassidy was last seen in the spotlight as a contestant on Celebrity Apprentice back in 2011.

The American actor and singer's net worth stands at $500 thousand, according to Celebrity Net Worth.

 PREVIOUS POST
NEXT POST