News | Entertainment
18 Oct 2024 21:38
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Entertainment

    Al Pacino ended up totally "broke" after a corrupt accountant fleeced him of $50 million

    The 'Scarface' actor, 84, makes the admission in his newly-released memoir 'Sonny Boy', in which he also opens up about his struggles to find fame and with drinking


    He said in the book about being the victim of a crooked accountant who eventually served seven-and-a-half years in prison for running a Ponzi scheme he started "to get warnings that my accountant at the time, a guy who had lots of celebrity clients, was not to be trusted" in around 2011.

    The actor said he was already paying a "ridiculous amount of money to rent some big fancy house in Beverly Hills", then he took his entire family on a trip to Europe where he flew various guests overseas on a "gorgeous Gulfstream 550" jet and rented an entire floor at the Dorchester hotel in London.

    Al said it was only when he returned to his Hollywood home he became suspicious after realising his finances had not dramatically changed despite spending so much on vacation.

    He said: "I thought, It's simple. It's clear. I just know this. Time stopped. I am f*****.

    "I was broke. I had $50 million, and then I had nothing. I had property, but I didn't have any money.

    "In this business, when you make $10 million dollars for a film, it's not $10 million.

    "Because after the lawyers, and the agents, and the publicist, and the government, it's not $10 million, it's $4.5 million in your pocket.

    "But you're living above that because you're high on the hog. And that's how you lose it.

    "It's very strange, the way it happens. The more money you make, the less you have.

    "The kind of money I was spending and where it was going was just a crazy montage of loss.

    "The landscaper was getting $400,000 a year and, I don't exaggerate these things. It just went on and on.

    "Mind you, that was for landscaping at a house I didn't even live in."

    Al said he was in his 70s when he learned he was bust - and added about the shock: "I wasn't a young buck, and I was not going to be making the kind of money from acting in films that I had made before.

    "The big paydays that I was used to just weren't coming around anymore. The pendulum had swung, and I found it harder to find parts for myself."

    He said while he riding he only did films "if I thought I related to the part and felt I could bring something".

    After his cash crisis hit, Al added he agreed to star in films such as Adam Sandler's mocked 'Jack and Jill' movie - and ended his ban on taking advertising work.

    He said: "'Jack and Jill' was the first film I made after I lost my money. To be honest, I did it because I didn't have anything else.

    "Adam Sandler wanted me, and they paid me a lot for it. So I went out and did it, and it helped.

    "I love Adam, he was wonderful to work with and has become a dear friend. He also just happens to be a great actor and a hell of a guy."

    © 2024 Bang Showbiz, NZCity

     Other Entertainment News
     18 Oct: Gigi Hadid's experience of motherhood has changed her attitude towards her career
     18 Oct: Danielle Fishel feels "thrilled to be alive" amid her recovery from breast cancer
     18 Oct: Sarah Ferguson, Duchess of York has endured an "extraordinary" 12 months
     18 Oct: Travis Kelce expects criticism to "rain down" on him if the Kansas City Chiefs fail to retain the Super Bowl
     18 Oct: Eva Mendes didn't think ageing "was really going to happen to [her]"
     18 Oct: Sir David Jason has hit out at "extremely difficult" Hollywood actors
     18 Oct: Travis Kelce says one of his top date nights with Taylor Swift is eating in public with the singing phenomenon
     Top Stories

    RUGBY RUGBY
    Canterbury coach Marty Bourke has embraced keyboard warriors as part of their rollercoaster ride to the NPC semi finals More...


    BUSINESS BUSINESS
    Can NZ’s supply chain build enough resilience and sustainability to survive the next global crisis? More...



     Today's News

    Entertainment:
    Katie Maloney is "in love" 21:33

    Motoring:
    A neck workout's comes in the nick of time for Liam Lawson ahead of Formula One's United States Grand Prix 21:17

    Politics:
    UN Rights of the Child committee chair says NT government's lowering of criminal age 'contravened' global treaty obligations 21:07

    Entertainment:
    Gigi Hadid's experience of motherhood has changed her attitude towards her career 21:03

    Entertainment:
    Danielle Fishel feels "thrilled to be alive" amid her recovery from breast cancer 20:33

    Entertainment:
    Sarah Ferguson, Duchess of York has endured an "extraordinary" 12 months 20:03

    Entertainment:
    Travis Kelce expects criticism to "rain down" on him if the Kansas City Chiefs fail to retain the Super Bowl 19:33

    Law and Order:
    A second man has been charged with murder after the death of a man found on Hampton Downs Road, Whangamarino, Waikato earlier this week 19:27

    Entertainment:
    Eva Mendes didn't think ageing "was really going to happen to [her]" 19:03

    Soccer:
    It's been a low-key build-up to the new A-League football season for the Wellington Phoenix 18:57


     News Search






    Power Search


    © 2024 New Zealand City Ltd