Wendy Williams remains one of the most well-known talk show hosts in the history of the entertainment business. She is famous for speaking her mind and not mincing words when it comes to something Williams truly feels. However, things have not been well for Williams as she claimed she is broke for some reason.
Williams hosted the ever-popular The Wendy Williams Show from 2008 to 2022. The Wendy Williams Show came to an end on Friday, June 17th 2022 after it was cancelled, which ended up saddening quite a few fans for good reason.
Wendy Williams Recently Claimed She Has ‘No Money’
In the trailer for Lifetime’s Where is Wendy Williams? viewers witness Wendy Williams for the first time since her departure from her talk show in 2022. The documentary portrays Williams reflecting on her lifelong dream of fame, showcasing both her moments of vulnerability and her struggle with a mysterious health crisis.
The film unveils a side of Williams that fans have not seen before, depicting her battles with personal demons and the challenges she faces while trying to uphold her public image. Elsewhere in the trailer, Wendy Williams is depicted needing breaks on set to sit down and receive assistance to stand. A family member reveals that “she was put in front of a judge and given a guardian” when her personal struggles became overwhelming, leading to her separation from the family.
Wendy Williams reflects on the aftermath of her condition afterwards, “I have no money.” She addresses her fans, emphasizing, “And let me tell you something, if it happens to me, it can happen to you.” According to Celebrity Net Worth, Williams has a net worth of $20 million. Therefore, her claim that she had no money was a major cause of concern for many people.
Likely Reason For Wendy Williams’ Financial Woes
Wendy Williams stated in a signed affidavit submitted to the Supreme Court of the State of New York in February 2022 and obtained by E! News, that Wells Fargo has denied her access to her financial assets and statements. Williams claimed that the denial was based on allegations that she was “of unsound mind.” The TV personality further alleged that by restricting her access to bank accounts containing “several million dollars,” Wells Fargo is causing “imminent and irreparable financial harm” to herself, her family, and her business.
In her petition for an emergency injunction filed on February 4, 2022, Wendy Williams’ lawyers stated that the talk show host lost access to her accounts after Wells Fargo financial adviser Lori Schiller claimed Williams was unsound. Despite Williams firing Schiller and alleging improper conduct, Wells Fargo continued to deny her access to financial assets and statements, even as bills were due.
Wells Fargo responded, citing increasing regulatory concerns about possible client exploitation. They froze Williams’ accounts due to their belief that she was a victim of undue influence and financial exploitation. The financial adviser, with an unblemished record over a 23-year career, noted signs of exploitation, including Williams’ own apprehensions.
Wells Fargo emphasized prioritizing Williams’ financial well-being and privacy, expressing openness to working with her counsel to release funds directly to creditors for historically paid bills.
“Wells Fargo’s priority is the financial well-being of Ms. Williams and the preservation of her privacy,” the company said in a statement. “As we have expressed to the Court, Wells Fargo is open to working with Ms. Williams’ counsel to release funds directly to her creditors for bills historically and regularly paid from her accounts.”
Where is Wendy Willaims?, which is Lifetime’s portrayal of the former talk show host and renowned media personality, will be aired in two parts on February 24 and 25. We will have to wait and see how the documentary will be received by fans.
