Ian Somerhalder credits Nikki Reed for helping him out of 8-figure debt after ‘terrible business situation’

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Ian Somerhalder is singing wife Nikki Reed’s praises after revealing she spent two years saving him from massive financial debt.

"I’ve never disclosed this publicly, but this woman worked selflessly for 2yrs to build me out of a terrible business situation I got myself into," Somerhalder explained in a lengthy photo caption shared on Friday. "Before Nik and I got together I built a company while shooting TVD that was important to me."

The 42-year-old actor, who married Reed in 2015, goes on to reveal he "invested heavily," making "huge personal guarantees" to different banks.

"However due to greed and fraud within that company and fraudulent activities from our biggest customer, not to mention the temporary collapse of the oil and gas industry – I was left in an EIGHT- FIGURE hole," the former "Vampire Diaries" star shared.

IAN SOMERHALDER RETURNS TO VAMPIRE ROOTS, TALKS WORKING WITH WIFE NIKKI REED IN 'V WARS'

Ian Somerhalder and his wife Nikki Reed. (Reuters)

Somerhalder doesn’t reveal specifics, but also shared that traveling the world in attempt to pay off the debt left him hospitalized four times in two years. He now credits his wife for allowing him the freedom to create his successful liquor company, Brothers Bond Bourbon, with his former co-star, Paul Wesley.

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"I am where I am BECAUSE of this woman. Brothers Bond Bourbon is actually here today because of this woman. I was able to start my life over because of this woman. Needless to say it’s been the most eye opening and truly humbling experience."

Reed and Somerhalder surprised friends and family with a "backyard barbecue" wedding in April 2015. Their daughter, Bodhi, was born two years later in mid-2017.