How Celebrities Really Spend Their Money

A Hollywood money manager gives the details to 'New York'

By Evann Gastaldo,  Newser Staff

Posted Jan 30, 2012 10:25 AM CST

(Newser) – "Very few" superstars live within their means, a Hollywood money manager tells New York. Cash, in particular, can spell bad news: "We had one guy go through $600,000 one year," the manager explains. "We try to get everything on a credit card: It helps track it." He gave the magazine details of one A-list actor's finances. Highlights:

  • Total income: $15,912,000
  • Cash spent: $175,000
  • Fine art: $1,200,000
  • Jewelry: $875,000

  • 'Medical' expenses: $40,000 (Apparently this category can include plastic surgery. "One actress just spent $50,000 on a new set of teeth," the manager explains.)
  • Given to charity: $25,000
  • Mortgage payments for primary LA residence: $486,400
  • Repairs or maintenance on LA house: $110,000 (Some clients spend $500,000 per year in this category, the manager says, "repainting the entire interior, redoing marble floors. Every year.")
  • Gardening of LA home: $80,000
  • Second residence in Miami: $152,000
  • Nanny: $70,000 (with an additional $300,000 in "children's expenses")
  • Taxes: $5,100,460
  • Net income: $4,474,640
Click for New York's full rundown of the expenses (which includes $3,000 for dry cleaning) or a similar one for a big producer.

Neither Sophie Marceau nor Monica Bellucci are, presumably, the celebrity whose finances we're discussing.
Neither Sophie Marceau nor Monica Bellucci are, presumably, the celebrity whose finances we're discussing.   (AP Photo/Christian Hartman, Pool)
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