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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

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  • '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. (Read more Hollywood stories.)

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