• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Shocking purchases Al Pacino made that took him from having '$50,000,000 to nothing'

Home> Celebrity> News

Published 12:20 16 Oct 2024 GMT+1

Shocking purchases Al Pacino made that took him from having '$50,000,000 to nothing'

The actor writes candidly about his money troubles in his new memoir Sonny Boy, even admitting at one point he was paying for 23 phones

Joe Yates

Joe Yates

Al Pacino is undoubtedly one of the greatest actors of our generation.

He stars in two of the top four films ever created, ranked by iMDB, yet, at one point, he had 'nothing', despite having filmed The Godfather and The Godfather II.

The Oscar winner writes candidly about his time in showbiz through his new memoir Sonny Boy - which he titled to address his one-year-old son Roman.

Advert

Speaking to the BBC, he said: "I want to be around for this child. And I hope I am.

"I hope I stay healthy, and he knows who his dad is, of course."

It details a lifetime of money issues for the 84-year-old.

He reportedly only earned $35,000 for his role in The Godfather.

By the next one, he earned a lot more, and even more for Scarface - but that money didn't stretch too far.

“I had about ninety grand in the bank and that was it,” he wrote.

"I had a lifestyle to boot. I had my home in the country, which I didn’t want to give up. I was spending and not earning; I was putting out but I wasn’t bringing in.”

He only featured in five films throughout the 80s, and admitted he had nothing left by the time The Godfather director Francis Ford Coppola got in touch with him to shoot The Godfather III.

Al Pacino's memoir 'Sonny Boy' is available for purchase in most book stores across the US (Penguin Press)
Al Pacino's memoir 'Sonny Boy' is available for purchase in most book stores across the US (Penguin Press)

“The choice could not have been easier,” he explained.

"I was broke. Francis was broke. We both needed the bread.”

He got into financial trouble a few more times in his life. Once in 2011, he discovered his accountant was crooked and running a Ponzi scheme - which according to Investor.gov, is investment fraud consisting of paying existing investors with funds collected from new investors.

Soon after, he was broke again, writing: “I had fifty million dollars, and then I had nothing.

"I had property but I didn’t have any money … The kind of money I was spending and where it was going was just a crazy montage of loss.”

Incredibly, he detailed some of the shocking purchases he made, and was making, which saw his bank account looking flush with $50 million to having 'nothing'.

Pacino was paying for 23 phones, 16 cars, and a gardener who was earning an eye-watering $400,000 a year.

Pacino added: "Mind you, that was for landscaping at a house I didn’t even live in.”

Al Pacino wrote candidly about money troubles in his memoir but writes how he now thinks about his 'estate' (Dominik Bindl/Getty Images)
Al Pacino wrote candidly about money troubles in his memoir but writes how he now thinks about his 'estate' (Dominik Bindl/Getty Images)

But those times of scrambling for money aren't major concerns anymore, as he admitted he 'has to think very seriously about my estate now. That means I have to get advice from people who are way smarter than me'.

As well as Roman, Pacino has three other children.

His eldest, Julie Pacino, is 34, and he also has 23-year-old twins Anton and Olivia Pacino.

He recently split with Roman's mom Noor Alfallah - who he began dating in April 2022, before she gave birth to his youngest son in June last year.

Featured Image Credit: Getty/Dimitrios Kambouris/Getty/CBS Photo Archive

Topics: Oscars, Money, Film and TV, Cars, Property

Joe Yates
Joe Yates

Joe is a journalist for UNILAD, who particularly enjoys writing about crime. He has worked in journalism for five years, and has covered everything from murder trials to celeb news.

X

@JMYjourno

Advert

Advert

Advert

Choose your content:

an hour ago
3 hours ago
5 hours ago
23 hours ago
  • YouTube/ Armchair Expert with Dax Shepard
    an hour ago

    Dax Shepard faces backlash after ‘weird’ comments about ‘dating’ Sabrina Carpenter

    The 'Armchair Expert' podcast was first introduced to the singer's music through his 10-year-old daughter

    Celebrity
  • Valerie Terranova/FilmMagic
    3 hours ago

    Gay Olympian opens up on Miley Cyrus dating rumors before coming out in 'Heated Rivalry' comparison

    Gus Kenworthy has said he has resonated with the popular show

    Celebrity
  • Monica Schipper/WireImage/Getty Images
    5 hours ago

    Rejection Sensitive Dysphoria explained as Paris Hilton opens up on ‘demon in my mind’

    The reality TV star is wanting to 'reframe' her struggles with ADHD and RSD

    Celebrity
  • Brianna Bryson/WireImage via Getty Images
    23 hours ago

    Reason Sydney Sweeney could be facing charges after latest ‘lingerie stunt’

    A bra promotion stunt could land the actor in trouble with the law and a major Hollywood organization

    Celebrity
  • Mickey Rourke has GoFundMe launched in his name to ‘prevent eviction’ from home as friend reveals shocking details
  • Dax Shepard admits to having fear that everything's 'going to get taken away' from him
  • Reason why George Clooney movie that 'no one’s ever actually seen' took 38 years to release
  • Shocking footage shows confrontation that led to Mickey Rourke being removed from Celebrity Big Brother