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Success F inan ce
WHEN MONEY IS NO OBJECT
This page normally focuses on the practical aspects of building wealth. This month, we’re flipping the script
and taking a peek at some ostentatious spending. In particular, the wild budgets of the rich & famous.
TEXT BY SANDY LINDSEY
BRANGELINA TOM CRUISE
There’s a reason Nicolas Cage
ran into serious financial trouble
despite earning $40 million a
year at the peak of his career and
amassing a fortune estimated
between $100-150 million. The
king of frivolous purchases had
at one point a private jet, a
pair of yachts, 50 sports cars,
30 motorcycles, 15 mansions,
2 castles, a pair of Bahamian
islands, 50 pieces of world-class
art and a 65 million-year-old
dinosaur skull that cost him
$276,000. That’s all before the
tax man came knocking.
You think you spoil your beloved
children? Angelina Jolie &
Brad Pitt reportedly budget
$10 million annually for their
children. How? The uber-busy
power couple makes serious
use of top nannies, to the tune
of just under $1 million a year.
Another $1 million is allocated
for the best private tutors who
will travel to film sets, etc. Then
there’s $5 million for the kids
travel on private jets, $100,000
on clothing, $36,000 for food
and $7,000 for birthday parties.
The last seems downright frugal.
Estimates of Tom Cruise’s fortune
range wildly from $250 million
to $500 million. No matter
which it is, the actor who got
his start in the teen comedy
Risky Business is undisputedly
very rich. He’s a guy’s guy when
it comes to his toys, even those
that are business write-offs.
His Gulfstream G-IV ST is set up
to support National Hurricane
Center synoptic surveillance
missions and aids NOAA
programs. He also owns a Aviat-
Pitts S-2B aerobatic aircraft, a
Porsche 911 and Bugatti Veyron.
When Shaq listed his monthly
expenditures during his divorce
proceedings, they totaled just
under $1 million. This included
$110,000 on vacations and
$60,000 for gifts. He confessed
earlier this year to the Wall
Street Journal that he spends
about $1,000 a week on
smartphone apps. The man who
spent his first million 30 min.
after signing an NBA contract
does have a practical side that
owns 155 Five Guys, 17 Auntie
Annie’s Pretzels, 150 car washes
and 40 24-Hour Fitness centers.