Millionaire Nicole Richie's Biological Dad Scraping By!
'He's struggled when it comes to money.'
Aug. 4 2016, Published 9:57 a.m. ET
RadarOnline.com has exclusively learned that pampered Hollywood princess Nicole Richie is living the A-list dream — while her real father is struggling to get by on the D-list!
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
The socialite-turned-reality TV star, 34, calls a Beverly Hills mansion home, heads a booming fashion business, and enjoys the perks of being music legend Lionel Richie's adopted daughter. But her natural dad, Peter Michael Escovedo III, lives in a modest bungalow in an iffy L.A. neighborhood, dodging the taxman and scraping by on a slumping musical career, RadarOnline.com has learned.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
"Peter's too proud to ask Nicole or Lionel for help, but it's no secret among those who are close to him that he's struggled when it comes to money," a source close to Peter told RadarOnline.com.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
The IRS has slapped the 54-year-old with hefty tax liens — including a $33,000 bill from the state in 2012 that's been paid off and a $40,000 lien in 2013. Nicole, meanwhile, is worth $10 million.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
The Candidly Nicole star isn't close to her biological dad, who is rumored to have signed an agreement with "Dancing on the Ceiling" singer Lionel to never discuss his famous daughter, her rock star husband, Joel Madden, or their kids, daughter Harlow, 8, and son, Sparrow, 6.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
But as these exclusive pictures snapped by RadarOnline.com reveal, father and daughter share a striking resemblance, especially their arresting brown eyes. Escovedo was recently spotted leaving his home — which he shares with partner Patrice — wearing a ratty T-shirt and torn jeans on his way to a nearby convenience store.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
A source close to Escovedo revealed: "Pete and Patrice moved to a smaller house a couple of years ago. The one they had before was nicer, but it needed a lot of work. Patrice has gotten upset about their situation, but Peter is a musician and an artist. He's always been bohemian and he's happy without many material things."
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
Escovedo, a percussionist, grew up in a musical family. His father, percussionist Peter Escovedo II, was an original member of the band Santana, and his sister is Prince's former protégé, Sheila E. Richie's birth mother, Karen Moss, was Sheila E.'s executive assistant. When Moss and Escovedo couldn't care for Nicole, the couple allowed her to live with Lionel and his then-wife, Brenda Harvey, who later adopted Nicole.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
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During his career, Escovedo has performed on recordings with major artists, including Earth, Wind & Fire, Stevie Nicks and En Vogue. He has also toured with Mariah Carey, Marvin Gaye and Lionel.
In the last 15 years, he's focused on TV work as a composer and musical director, but he's clearly hit hard times.
Nicole Richie’s Biological father, Peter Escovedo lives a very modest life compare to his daughter Nicole Richie.
A music business source explained: "Peter has worked with so many fantastic artists and as a percussionist, he's one of the best. But with that kind of work, you usually get paid a flat rate. It's not profitable in the long term."
