Robin Williams’ money woes

Robin Williams had a TV show axed and reportedly spent $30 million in divorce bills, leaving him with some ‘serious money troubles’.

Details continue to emerge about the comedian’s struggles with money and addiction.

He told Parade magazine last year that “divorce is expensive” and that it is like “ripping your heart through your wallet.”

Williams' net worth was once estimated to be near $130 million, but in 2013, he admitted that he was on the verge of bankruptcy after two divorces and despite his films grossing more than $5.1 billion worldwide.

He reportedly paid his first two wives $30 million in combined divorce settlements and revealed to Parade that we was selling his $35 million home to cover debts.

Actor Robin Williams and Actress Sarah Michelle Geller attend the CBS 2013 Upfront Presentation at The Tent at Lincoln Center on May 15, 2013. Photo: Getty Images

Williams added that, "The idea of having a steady job is appealing."

In 2013 he returned to TV as the lead on the CBS sitcom, The Crazy Ones which co-starred former Buffy the Vampire Slayer lead Michelle Geller.

It was cancelled in May after just one season. A source close to Williams told Radar Online “he was in his 60s, and forced to take a role on television for the money.”

Robin Williams in 'The Crazy Ones'. Photo: Supplied

Although the actor struggled with his bank balance he did however have his finances in order where his children were concerned.

In 2009, Williams set up a trust fund for his three children: Zachary, 31, Zelda, 25, and Cody, 22.

TMZ obtained Williams' trust documents, which stated:

"When each turned 21 they got 1/3 of the share. When they turned 25 they got half of what remained. When they turned 30 they each got their full share. The trust was not dependent on Robin's death. The kids received their money, although Cody and Zelda have not been paid in full because of their age."

The documents do not disclose the amount in the trust but the site reports that is it “a significant amount.”

News break – August 13