‘The Godfather’ star Al Pacino reveals how he lost USD 50 million and went broke at age 70 in his candid memoir ‘Sonny Boy’ |
Al Pacino, the legendary actor behind iconic roles in ‘The Godfather’ and ‘Scarface’, has long been a symbol of Hollywood grit and intensity. He recently revealed a shocking truth: despite earning millions, he hit rock bottom financially in his 70s, forcing him to take roles in films he knew were poor just to survive. This raw confession humanizes one of cinema’s greatest stars showing how fame’s glamour often hides personal chaos.
Early struggles and how that shaped him
In his candid memoir ‘Sonny Boy’, released last year, he reveals a shocking truth: despite earning millions, he hit rock bottom financially in his 70s, forcing him to take roles in films he knew were poor just to survive. Pacino’s journey-to stardom was never smooth. After filming ‘The Godfather’, he found himself broke and in debt despite the film’s success. “When I finished making The Godfather I was broke, not that I had ever had any money but now I owed money,” he recalled, as cuts from managers and agents left him financially strapped.He relied on support from actress Jill Clayburgh during tough times and once described himself as an “idiot” with money. Lavish spending crept in early too: 16 cars he barely drove, 23 cell phones, and “USD 400,000 a month” on expenses like landscaping for a house where he didn’t live. “The kind of money I was spending and where it was going was just a crazy montage of loss,” he admitted.The real devastation came from blind trust. Pacino let his accountant sign checks without question. In his 70s, suspicions grew after steady balances amid wild outlays. “Time stopped. I am f-ed. I was broke,” he wrote, having amassed USD 50 million, then nothing.“I was broke. I had USD 50 million, and then I had nothing. I had property, but I didn’t have any money,” he explained, noting how Hollywood cuts left little after taxes and fees. The accountant ran a Ponzi scheme, snaring stars like Natalie Portman and Martin Scorsese, and served 7.5 years in prison. “I didn’t understand how money worked, any more than I understood how a career worked. It was a language I just didn’t speak,” Pacino reflected.
Desperate roles for survival
With funds gone, Pacino sold a house, budgeted tightly, and chased paychecks. Australian TV commercials and paid college seminars covered bills. On screen, he starred in “some really bad films” he knew were mediocre. “It came a time in life that I needed it… I found out I had no more money,” he said of 2011’s Jack and Jill, the Adam Sandler flop where he played a cartoonish self romancing a drag character.Other low points included 88 Minutes and Righteous Kill, roles taken purely for cash despite his doubts. “I acted in movies I didn’t relate to,” he confessed at age 70. Pacino rebounded with HBO deals like USD 10 million per film and USD 20 million for ‘The Irishman’.
