News about Al Pacino’s struggles with managing money. The actor has found himself on the verge of bankruptcy more than once due to poor financial decisions.

The actor shared these experiences in his recently published memoirs, where he admitted that he spent most of his life being careless with money. Early in his career, he earned relatively little but spent more than he made.

After *The Godfather,* his expenses spiraled out of control. Although he earned only $35,000 for the role, it was gone quickly, and debts began to outweigh his income. It was only through subsequent films in the franchise that he managed to stabilize his finances.

In the early ’90s, Al got married and moved to Hollywood. Supporting a family and maintaining a home required a massive budget, and by the early 2000s, he was again nearing bankruptcy. At that time, he owned more than 20 mobile phones, 16 cars, and several homes, all of which demanded substantial upkeep.

It was only by selling a few properties that he managed to get out of debt and back on track. The actor also re-evaluated his spending habits and started managing his finances more carefully.