Al Pacino’s memoirs were published on October 18, titled Sonny Boy: A MemoirLift the curtain on the legendary actor’s life. We learn that he was forced to accept roles he didn’t like after losing all his money to a corrupt accountant, who ended up spending seven and a half years in prison after running a Ponzi scheme. An accountant mismanaged the Oscar winner’s funds, reducing Pacino’s savings from $50 million to…zero.
according to Al PacinoIn 2011, he started “was warned that his accountant at the time, a guy with a lot of famous clients, was untrustworthy” (via Variety ). The actor was already paying”A ridiculous amount of money to rent a large luxury house in Beverly Hills”, he then took the whole family on a trip to Europe where he paid for plane tickets to bring various guests.On the magnificent Gulfstream 550“and”Rented an entire floor of the Dorchester Hotel in London“.
when Al Pacino Back home in Hollywood, he became suspicious after realizing that his finances hadn’t changed at all, despite his vacation spending. “And I said to myself, it’s easy. It is understandable. I heard Time stopped. it’s my fault“, he wrote.
“I was broken. I had 50 million dollars and then I had nothing. I had property, but no money“- recalls the actor about studying finance. “In this business, when you make $10 million for a movie, it’s not $10 million. Because after lawyers, agents, publicists and the government, it’s not $10 million, it’s $4.5 million in your pocket. But you live above that because you are rich. And that’s how you lose. It’s very strange as 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 set of losses“- he added. “A landscaper made $400,000 a year, and I’m not exaggerating. It just kept going. Mind you, this was for landscaping a house I didn’t even live in.“
Wrecked at 70: Direction Jack and Julie
Al Pacino He was 70 years old when he heard that he was devastated and added:I wasn’t a young man and I wasn’t going to make as much money acting in movies as I had done before. The big salaries I was used to were no longer coming. The pendulum swung and it became more difficult for me to find roles.“
Because yes, before bankruptcy, he chose his projects: “I would do films if I thought I was perfect for the role and could bring something to it.For example, Ocean’s 13 or 88 minutes, even if the latter title turned out to be “disaster“, says the actor. But after the collapse, he was forced to abandon all regulations regarding his career and began to accept any role that would bring him money. That is why he agreed to play in Dennis Duggan’s famous Jack and Julie, which was written by Adam Sandler, as well as Katie Holmes and Gad Elmale. He also ended a ban on filming commercials and filmed one for coffee with director Barry Levinson.
“Jack and Julie was the first film I made after losing my money. To be honest, I did it because I had nothing else to doPacino wrote. “Adam Sandler wanted it and I was paid a lot for it. So I went and did it and it helped. I love Adam, he was great to work with and became a dear friend. He’s also a great actor and a hell of a guy.“
The comedian also admitted that he started selling one of his two houses to make up the money and started taking money to give seminars at universities and colleges, something he rarely did before for money.
“My workshops were another great discovery for me. In the past, I would just go to colleges and talk to kids, just to get out there and play for them, kind of. I told a little about my life and asked questions. I didn’t pay for it. I was doing it, that’s all. Now that I was broke, I figured, “Why not just keep at it?” There were more places I could go to do these workshops. It is not necessary in universities. I knew there was a bigger market. So I started traveling. And I found it worked. Society came because I was always popular.“
Since then, the actor seems to have regained his financial health and continued his legendary career. He was recently seen in Quentin Tarantino’s award-winning Once Upon a Time in Hollywood and Martin Scorsese’s The Irishman. He also starred in Ridley Scott’s Gucci biopic and the Prime Video series The Hunters, to name a few, and currently has no fewer than eight projects in development.
Memories of Al Pacino Sonny Boy: A MemoirNow available for purchase.
Source: Allocine
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
