Adrienne Maloof On Financial Troubles: ‘Everybody Is Cutting Back’

//adrienne maloof_ _

Oct. 6 2011, Published 6:00 a.m. ET

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By Alexis Tereszcuk

Senior Reporter

These economic times are tough, even for a Real Housewife of Beverly Hills.

Living an opulent lifestyle for the hit reality show seems to be the norm, but Adrienne Maloof spoke exclusively to to set the record straight about her financial situation.

“Regardless of your income, everybody is cutting back, it's the responsible thing to do,” Adrienne said about her family’s financial situation.

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The money woes of her co-stars Russell and Taylor Armstrong became so overwhelming that Russell committed suicide in August.

His death shocked the other women on the Real Housewives of Beverly Hills, who have rallied around Taylor and supported her since the tragedy struck. previously reported that Adrienne and her husband, Beverly Hills plastic surgeon Dr. Paul Nassif were struggling financially, but she wants to set the record straight and explain how her family is fiscally responsible.

Once asked on Bravo who the richest housewife was, Adrienne deferred to her co-star Lisa Vanderpump, but her own financial standing is nothing to sniff at. Adrienne's wealth stems from a successful family ownership of the Palms Casino Resort in Las Vegas, as well as the basketball team the Sacramento Kings, both entities that were prominently featured on their reality show, and she says that her family may be wealthy, but they still watch the purse strings.

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“This is how we've been successful for over 150 years in our family business.... we watch our overheads, we don't spending frivolously, we take care of our employees and give back philanthropically to various charities -- And of course, we always work very hard on all our projects," Adrienne told

The Real Housewives of Beverly Hills airs on Bravo on Mondays at 9pm.


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