(Newser)
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"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.
