Lorenzo Lamas is an American actor, martial artist, and television personality who has an estimated net worth of $1.5 million. Best known for starring in the hit TV series Falcon Crest and Renegade, Lamas enjoyed decades of success in Hollywood before facing major financial struggles, including multiple bankruptcy filings.
At the peak of his career, Lorenzo Lamas was one of television’s most recognizable action stars. However, years of expensive lifestyles, tax debt, divorces, and support obligations significantly impacted his finances.
| Lorenzo Lamas Net Worth | $1.5 Million |
| Date of Birth | January 20, 1958 |
| Place of Birth | Santa Monica, California |
How Lorenzo Lamas Built His Net Worth
Lorenzo Lamas rose to fame in the 1980s after landing the role of Lance Cumson on Falcon Crest. The CBS drama became a massive hit and ran for nine seasons from 1981 to 1990.
Lamas appeared in all 227 episodes of the series, making him one of the show’s central stars. His performance earned him a Golden Globe nomination and helped establish him as a television heartthrob during the decade.
Following the success of “Falcon Crest,” he reinvented himself as an action star. During the late 1980s and early 1990s, Lamas became known for direct-to-video action films such as:
- Snake Eater
- Bounty Hunter
- Terminal Justice
- Gladiator Cop
His biggest post-“Falcon Crest” success came with Renegade, which premiered in 1992. Lamas played Reno Raines, a falsely accused police officer turned bounty hunter. The series became a global syndicated hit and aired in more than 100 countries.
The success of “Renegade” helped cement his image as a rugged television action hero and significantly boosted his earnings throughout the 1990s.
Lorenzo Lamas’ Financial Problems
Despite years of television success, Lorenzo Lamas faced serious financial troubles later in life.
He filed for Chapter 7 bankruptcy twice — first in 2004 and again in 2014.
2004 Bankruptcy Filing
During his first bankruptcy filing, Lamas revealed major financial strain. Court records showed he had:
- $433,000 in assets
- $617,000 in liabilities
- More than $21,000 in monthly expenses
- Roughly $10,900 in monthly income
- Over $6,000 per month in alimony payments
His debts reportedly included money owed on luxury items such as a Hummer, a Harley-Davidson motorcycle, and a private aircraft.
Although some debt was discharged, his financial problems continued for years afterward.
2014 Bankruptcy Filing
By 2014, Lamas’ financial picture had worsened considerably.
According to court filings, he reportedly had:
- Approximately $322,000 in debt
- Nearly $285,000 in unpaid federal and state taxes
- Around $19,000 in unpaid support obligations
- Only about $9,100 in total assets
The filing also indicated that his household was surviving primarily on his wife’s income at the time.
Many of the debts, especially taxes and support obligations, reportedly could not be erased through bankruptcy, leaving the actor with long-term financial liabilities.
Early Life
Lorenzo Lamas was born on January 20, 1958, in Santa Monica, California.
He comes from a famous Hollywood family. His father, Fernando Lamas, was a well-known actor, while his mother, Arlene Dahl, was a popular film star during Hollywood’s Golden Age.
After his parents divorced, his father later married legendary swimmer and actress Esther Williams.
Lamas spent part of his childhood in California before later moving to New York, where he attended Admiral Farragut Academy.
From Soap Opera Star to Action Hero
Before becoming famous, Lorenzo studied acting at Tony Barr’s Film Actors Workshop.
He initially appeared in guest roles on television series including:
- Fantasy Island
- The Love Boat
- Hotel
He also appeared briefly in Grease.
His breakthrough eventually arrived with “Falcon Crest,” where his portrayal of Lance Cumson became one of the defining soap opera performances of the era.
By the 1990s, Lamas transitioned heavily into martial arts-driven action roles, performing many of his own stunts.
Reality TV
In later years, Lorenzo Lamas expanded beyond scripted acting.
He appeared on reality programs such as:
- Celebrity Apprentice
- Leave It to Lamas
He also returned to soap operas with a recurring role on The Bold and the Beautiful.
In addition to acting, Lamas pursued a second career as a licensed helicopter pilot and reportedly worked professionally for helicopter tour companies.
Lorenzo Lamas’ Marriages
Lorenzo Lamas has been married six times and has six children.
His daughter, Shayne Lamas, became known through reality television and acting appearances.
Over the years, Lamas’ numerous divorces and support obligations reportedly contributed heavily to his financial struggles.
Lorenzo Lamas
Outside of acting, Lorenzo developed a strong passion for martial arts.
He trained in multiple disciplines, including:
- Taekwondo
- Karate
- Jujitsu
- Aikido
- Shotokan
Over time, he earned several black belts and frequently incorporated martial arts skills into his action film performances.
Lorenzo Lamas Real Estate
Lamas has owned several notable properties over the years.
In the 1990s, he owned a gated estate in Los Feliz, California, featuring panoramic city views, a guesthouse, pool, and spa. He later sold the property after only a few years.
He also owned property near San Diego before eventually relocating to Nevada.
In 2022, Lorenzo reportedly purchased a home in Las Vegas, which remains his primary residence.
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