Tom Selleck got everyone worried this week that he was strapped for cash and possibly at risk of losing his beloved California ranch — but as it turns out … he wasn’t being literal.
Sources with direct knowledge tell TMZ … Tom’s interview with CBS Sunday Morning this past weekend — in which he first made the shocking revelation that he might have to give up his ranch now that “Blue Bloods” is going off the air — was more hyperbole than reality.
5/5/24
CBS News
We’re told TS was more so using his 63-acre California ranch as an example of his hunger to want to keep working — something else he made very clear in that televised sit-down.
In other words … our sources tell us Tom’s ranch isn’t going anywhere — and that his words weren’t meant to be a real reflection of his financial situation … which, BTW, we’re told is 100% fine.
Our sources say that when “Blue Bloods” finally wraps — Tom will be on to the next project … ’cause the dude just has that dog in him, and he’s just not ready to slow down quite yet.
As we reported … Tom’s interview shocked a lot of folks, including the CBS interviewer herself — who asked him if he was serious about the possibility of losing the ranch … to which he replied he was. Again, we’ve been assured that’s simply not going to happen.
Interestingly enough, we dug up some property records on Tom’s Valencia County property — and it’s actually worth a bundle. Tom’s taken out some loans on the place dating back to the 2000s … and they add up to about $15-$16 million in debt, although it’s unclear how much of that is paid off at this point. The ranch itself is actually worth about $12 million total.
While that might sound like a lot that Tom’s on the hook for, keep in mind — the guy’s reportedly been paid handsomely for his role on ‘BB,’ upwards of $200k per episode.
Plus, all that “Magnum P.I.” money and everything else … Selleck’s sitting pretty.
TMZ Staff
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