Legendary actor and filmmaker Al Pacino has solidified his place in Hollywood through his illustrious decades-long career. The icon has Oscar, Tony, and Emmy awards, and has been nominated for a Grammy, making him only one award shy of garnering EGOT status. Pacino is best known for his notable roles in iconic films like Scarface and The Godfather series. He most recently received attention and high praise for his Oscar-nominated role in the 2019 film The Irishman, which he starred in alongside fellow Hollywood legends Robert De Niro and Joe Pesci.
Pacino's impressive resume has amassed him an equally impressive net worth, an estimated $120M. The actor has been making massive amounts of money for his movie roles since the '70s, getting his first major paycheck for his role in the first installment of The Godfather, which was $35k. Today, Pacino's contract with HBO guarantees him a $10M payout for his films, and so far he has filmed three for the network. With lucrative deals like his HBO contract, Pacino's already large net worth only continues to grow. While Pacino maintains he has never acted to make lots of money, he certainly has managed to build quite the net worth. With plenty in the bank, here is how Al Pacino spends his money.
8 Buying and Renting Expensive Real Estate
It is not uncommon for Hollywood stars to spend their money on luxurious estates, whether domestic or abroad, and Pacino is no exception. The actor has spent years buying and selling properties, mostly in New York. Pacino's real estate portfolio consists of a house in Montecito and multiple homes in New York. He has also bought and sold lots of different multi-million dollar estates in California, including, reportedly, the Scarface house in Santa Barbara. While he owns real estate, Pacino also rents many of his properties, including a place in Beverly Hills and New York.
7 Driving Luxury Cars
Many celebrities have been known to spend their hard-earned cash on expensive vehicles, and Pacino has done the same. Sources say the actor loves SUVs, and he has been photographed driving luxury vehicles like a Lexus and a Range Rover. Pacino has also been seen in sports cars, as well as more than one Mercedes Benz.
6 Vacationing in Opulent Places
Al Pacino also spends his sizable net worth on luxurious vacations all across the globe. The prolific actor has traveled the world to shoot movies on location, but he has also taken extravagant trips with his various partners and children to beautiful destinations like Greece, the Dominican Republic, and Mexico. Pacino and his family are often spotted staying at beautiful hotels on their vacations, which undoubtedly cost the star a good amount of money.
5 Donating to Charities
Pacino spends lots of money on himself and his family, but he has a philanthropic side, too. The legendary actor has supported a variety of charities over the years, including the AIDS Healthcare Foundation, the Red Cross, United Way, Toys for Tots, and Children's Aid Society.
4 Participating in Politics
Many celebrities, especially through social media, show their support of various politicians, platforms, and policies. While Pacino has never been particularly outspoken about his party affiliation, he has donated money to Democratic candidates in the past. Pacino has been involved with politicians beyond his campaign donations, though, receiving the National Medal of Arts from President Barack Obama back in 2011.
3 Making Investments
Following the old adage "you have to spend money to make money," Pacino spends some of his Hollywood earnings by investing in various ventures. Unfortunately, Pacino fell victim to an investment scam, and was cheated by his former financial advisor Kenneth Starr, whose other clients included Uma Thurman and Sylvester Stallone. While it is unclear exactly how much Pacino lost in the scam, Starr cheated his clients out of sums of nearly $30M dollars.
2 Traveling On Private Jets
It has been noted that Pacino likes to travel to exotic parts of the world, and he employs one of the most expensive methods of transportation to arrive at his luxurious vacation destinations. Pacino regularly flies to his luxurious vacations on private jets, and a single private flight can cost several thousand dollars. Considering how much the actor travels, his transportation costs add up.
1 Wearing Designer Clothes
When he is not filming a movie or vacationing in an exotic locale, Pacino is attending Hollywood events in celebration of his storied career, where he is photographed and taped next to other Hollywood stars. To keep up, Pacino dresses in designer duds, often custom made. Not only is Pacino shelling out cash to have his clothes made, he is paying a high-priced stylist to ensure his wardrobe is up to snuff, most notably famed designer Angelo Galasso, who is now known for designing and selling luxury shirts for men.