Bankrate.com Archives
 

 

Fame & Fortune: Danny Bonaduce

Former child star bounces between failure and success
Page | 1 | 2 | 3 | 4 |

Bankrate: Given how famous you are, people might be under the impression that you're rich. Would they be right?

Danny Bonaduce: No. Am I rich by my standards of rich? No. What's your lowest standard of rich? If you ask me if I have a certain amount of money or not, I'll tell you yes or no.

- advertisement -

Bankrate: Are you a millionaire?

Danny Bonaduce: Yes.

Bankrate: Multimillionaire?

Danny Bonaduce: Do I have two? Probably.

Bankrate: Total assets, or liquid?

Danny Bonaduce: I think total assets. I probably have a few million bucks.

Bankrate: Do you still get residuals from "The Partridge Family?"

Danny Bonaduce: No. I did not make a living in show business until I got into radio. "The Partridge Family" paid me $490 a week, 37 years ago.

Bankrate: And no residuals?

Danny Bonaduce: No. That wasn't the deal back then. Plus, the residuals on $490 wouldn't be anything anyway. I did three episodes of "CHiPs"in the '80s, and I do get residuals from them, and they're usually like 11 cents. It costs them more money to pay me than they pay me.

Bankrate: Do you have any capacity for managing your finances?

Danny Bonaduce: Here's my entire financial plan. If I die with one dollar left in the bank, I didn't live right. But on the other hand, I do have a family to take care of, and living in the streets is not an expression with me -- it's what I actually had to do for two years. That's never happening to my family. I plan it out daily. I might have that couple million bucks, but in the lifestyle we currently lead, I figure out every day how long we can live without making money. I'm obsessed with having a certain dollar amount that in my head will take care of my family for the rest of their lives so they don't end up living behind the dumpster behind Grauman's Chinese Theater like daddy did. I have a real good accountant, a real good guy who invests.

Bankrate: Do you have any specific type of investments you're partial to?

Danny Bonaduce: My wife is very partial to real estate and has done pretty well in it. She keeps buying houses, fixing them up, selling them and moving to another house. We live in them -- we're not that kind of rich where we can buy an expensive house and not have to live in it. She has made hundreds of thousands of dollars over the years, and then we have whatever it is that's recommended by my financial advisers, who I trust. I'm buying into an indoor water park in Michigan. I own parts of a couple of strip malls in Vegas. Stuff like that.

 
 
Next: "... one year, I traded my salary. I said, 'Pay me nothing.'"
Page | 1 | 2 | 3 | 4 |
 
 RESOURCES
David Cassidy: A Partridge in a good place
X marks the past for porn star Traci Lords
Corey Feldman: Older, wiser, poorer
 TOP INVESTING STORIES
Fame & Fortune: Monica Seles
10-year Treasury-buyer beware
9 cash-saving strategies that pay big bucks
 



CDs and Investments
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
1 yr CD 0.75%
2 yr CD 0.91%
5 yr CD 1.52%
- advertisement -
- advertisement -