Alyssa Milano Net Worth (Money & Salary)

Insights into Alyssa Milano’s Net Worth and Income

Alyssa Milano holds a net worth of $4 million. She is recognized as an American actress, producer, and singer who gained immense popularity in the 1980s for her role on the television series “Who’s the Boss?”. During the 1990s, she appeared in various TV movies and achieved significant fame for her performance in the TV show “Charmed.” Her career also includes roles in the short-lived series “Romantically Challenged” and the movie “Hall Pass.”

Legal Battle

In 2017, Milano filed a lawsuit against her former business manager, alleging mismanagement that resulted in her accumulating significant debt and damaging her credit. The legal conflict arose after her manager failed to fulfill financial responsibilities, including properly managing a home renovation project which incurred exorbitant costs. This financial mismanagement led Milano to decline profitable acting opportunities while being unaware of her actual financial situation, ultimately causing her and her husband to accumulate millions in debt.

Additionally, Milano accused her manager of making poor investments, failing to make IRS payments for consecutive years, and forging her signature for questionable financial transactions, such as a parking lot venture. After confronting these issues, Milano decided to sell her West Hollywood condo to cope with the financial turmoil. The legal dispute was privately settled in June 2019 under undisclosed terms.

Property Holdings

In 2005, Alyssa purchased a condo in West Hollywood for $975,000. Subsequently, she listed this property for sale due to financial difficulties, initially seeking $2 million. Furthermore, in 2001, she acquired a 7,700-square-foot home in Bell Canyon, California for $1.6 million.

Early Years

Born on December 19, 1972, in Brooklyn, New York City, Alyssa Jayne Milano is the daughter of Lin Milano, a fashion designer and talent manager, and Thomas M. Milano, a film-music editor. With an Italian heritage, Milano was raised in the Roman Catholic faith. She has a younger brother named Cory, who is a decade younger.

Initiation of Career

At seven years old, Milano got a chance to audition for the national touring company of “Annie” through her babysitter without her parents’ consent. She surpassed over 1,500 girls and secured one of the principal roles. This opportunity led her and her mother on an 18-month tour across the U.S. Subsequently, Milano ventured into TV commercials and off-Broadway productions upon returning to New York.

Professional Journey

At the age of 11, Milano made her film debut in the Sundance Film Festival award-winning drama “Old Enough” in August 1984. Shortly after, she landed a significant role on the ABC sitcom “Who’s the Boss?” portraying the daughter of Tony Danza’s character. Milano’s prolific eight-season stint on the show, spanning 196 episodes until 1992, established her as a household name and teenage idol.

Her acting career expanded to include roles in productions like “Commando” (1985) with Arnold Schwarzenegger, stage plays such as “Tender Offer” and “All Night Long,” and TV films like “Crash Course” (1988) and “Dance til’ Dawn” (1988). Milano also delved into music, releasing albums including “Look in My Heart,” “Alyssa,” “Locked Inside a Dream,” and “Do You See Me?” while achieving platinum status in Japan. Alongside her on-screen ventures, she produced a workout video for teens, “Teen Steam,” and took on risqué roles to distance herself from her wholesome image.

Transitioning into the late 90s, Milano joined the cast of “Melrose Place” from 1995 to 1998 and later starred in “Charmed” from 1998 to 2006, where she also assumed production duties in the fifth season. Her TV credits expanded with appearances on shows like “Mistresses” (2013-2014) and “Insatiable” (2018-2019), complementing her film roles in “My Girlfriend’s Boyfriend” (2010) and “Hall Pass” (2011).

Earnings

During her peak on “Charmed,” Milano earned $90,000 per episode, totaling approximately $2 million per season.

Personal Relations

Between 1987 and 1990, Milano dated actor Corey Haim, who battled addiction issues during their relationship. Despite efforts to aid Haim in seeking professional assistance, their attempts were in vain. In 1993, Milano was engaged to actor Scott Wolf, but their relationship ended within a year. Milano shared in 2019 that her experiences with Haim and Wolf played a significant role in her personal journey.

In 1993, despite being on birth control at the time, she had actually gotten pregnant with Wolf and undergone two abortions while they were still together. Milano became engaged to David Bugliari, an agent at Creative Artists Agency, in 2008 after a year of dating. They got married at Bugliari’s family home in August 2009. Together, they have two children: a son born in August 2011 and a daughter born in September 2014.