Al Pacino Acted in Movies He Didn’t ‘Relate’ to at 70 Years Old Just for the Money: ‘I Was Broke. I Had $50 Million and Then I Had Nothing’

As a seasoned movie critic with decades of industry experience under my belt, I must say that Al Pacino‘s memoir “Sonny Boy” is not just an intriguing read about his illustrious career, but also a poignant tale of resilience in the face of adversity. Pacino’s life story serves as a stark reminder of the fickleness of fortune and the unpredictability of the Hollywood landscape.

In his recently released memoir titled “Sonny Boy,” Al Pacino reveals that he was compelled to rethink his career path due to financial hardships caused by a dishonest accountant. This individual, who eventually served a seven and a half year prison sentence for operating a Ponzi scheme, had mismanaged the actor’s finances. The once substantial $50 million fortune that Pacino had amassed was drained completely as a result of this mismanagement.

As Pacino recounts, it was back in 2011 when he began receiving cautions that his former accountant, who handled numerous high-profile clients, was not reliable. Despite already spending an exorbitant sum on renting a lavish mansion in Beverly Hills, the actor then embarked on a family vacation across Europe, transporting various companions on a splendid Gulfstream 550 aircraft and reserving an entire floor at London’s Dorchester hotel.

Upon returning to his house in Hollywood, Pacino grew wary as he noticed that his financial situation had remained unaltered despite the considerable expenses incurred during his vacation. “Suddenly, it struck me. It was obvious. I just knew this. Time seemed to stand still. I am doomed,” he pens.

Pacino recollects a time when he was financially depleted despite having $50 million. He found himself with absolutely nothing, possessing property but lacking cash. ‘In my profession,’ he explains, ‘earning $10 million for a film doesn’t really mean $10 million. After legal fees, agent commissions, publicist expenses, and taxes, what remains is closer to $4.5 million. Yet, you live above that, indulging in luxuries. And it’s precisely this overindulgence that leads to losing it all. It’s quite peculiar, the way it transpires. The more money you accumulate, the less you truly possess.’

“The kind of money I was spending and where it was going was just a crazy montage of loss,” he adds. “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.”

In my years as a film critic, I’ve seen many transformations on the silver screen, but none quite like the one Al Pacino experienced when he discovered his fortune was dwindling in his seventies. “I wasn’t a spring chicken anymore,” he reflected, “and the lucrative roles that once came my way were no longer knocking at my door.” The days of grand paychecks seemed to have vanished, and I, too, felt the pendulum shifting, as I found myself struggling to secure parts that would suit me well.

As a passionate movie enthusiast, I’ve always chosen roles that resonated with me and offered an opportunity to deliver a compelling performance – just like Al Pacino did before he faced financial struggles. Films such as “Ocean’s 13” and the less successful “88 Minutes” fall under this category. However, when times got tough financially, Pacino had to let go of his career principles and start taking on roles that offered substantial paychecks. This is why he agreed to star in Adam Sandler’s controversial film “Jack and Jill,” even going as far as lifting his ban against commercial work. For instance, he collaborated with director Barry Levinson on a coffee advertisement.

Following my financial setback, ‘Jack and Jill’ marked the first project I took on. To put it straightforwardly, I didn’t have many other options at the time. Adam Sandler extended an invitation, and they generously compensated me for it. So, I jumped on board and found it incredibly beneficial. Adam is simply fantastic to collaborate with, and he’s grown into a cherished friend. Moreover, he’s not only a brilliant actor but also an exceptional individual.

Previously, Pacino would often visit colleges to engage with students without charge, merely for the joy of performing and sharing stories from his life. With financial struggles, he decided to monetize these sessions by charging for them. He discovered a newfound success in this venture as audiences showed interest due to his enduring popularity. This isn’t limited to universities; he started exploring various venues to conduct these seminars.

Pacino’s memoir “Sonny Boy” is now available to purchase.

2024-10-16 03:46

Al Pacino Acted in Movies He Didn’t ‘Relate’ to at 70 Years Old Just for the Money: ‘I Was Broke. I Had $50 Million and Then I Had Nothing’

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