Al Pacino has a net worth of $120 million and is a stage and movie actor in the United States. Al Pacino is regarded as one of the finest performers of all time, with a career spanning more than five decades.
He has won an Academy Award, two Tony Awards, and two Primetime Emmy Awards as of this writing. The Godfather (parts 1, 2, and 3), Serpico, Scent of a Woman, Heat, Donnie Brasco, and The Irishman are just a few of his significant films.
Early Life
Alfredo James Pacino was born in East Harlem, Manhattan, on April 25, 1940. When Pacino was two years old, his parents split.
Al and his mother eventually moved in with his grandparents in the Bronx. His grandparents were Italian immigrants from Corleone, Sicily, by coincidence. During Al’s youth, his father, who was born in San Fratello, Sicily, migrated to Covino, California.
Al Pacino had a difficult time at school. He went to Herman Ridder Junior High School but dropped out of almost all of his studies, with the exception of English.
He subsequently auditioned for the High School of Performing Arts and was accepted. His mother was enraged by this choice, and Al moved out on his own after an altercation. He supported himself outside of school by working as a janitor, messenger, and busboy, among other odd jobs.
Struggling Actor
During this time, Al took action everywhere he could. In addition, he was often jobless and homeless.
He appeared in NYC’s theatrical underworld in basement shows. He tried out for acting companies but was mostly turned down.
He was finally admitted into HB Studio, where Al was mentored by Charlie Laughton, who became his greatest friend and mentor.
He auditioned and was ultimately admitted into the Actors Studio, an association of the country’s greatest professional actors, playwrights, and theatre directors, after four years with HB Studio.
Under the tutelage of renowned teacher Lee Strasberg, he learned method acting. Later, Pacino would reflect:
“The Actors Studio had a huge impact on my life. Lee Strasberg hasn’t gotten the recognition he deserves…
It was like launching myself next to Charlie. It was true. That was a significant turning point in my life. It was the driving force behind my decision to leave all of my other professions and pursue acting full-time.”
Al worked in a theatre in Boston for a season in 1967, performing in “Awake and Sing!” The position paid him a then-career-high $125 per week.
In 1968, he performed in “The Indian Wants the Bronx,” a drama written by Israel Horovitz father of Beastie Boys’ Adam Horowitz.
The play was performed 177 times. Martin Bergman, an entertainment manager, watched them play and was so taken with Pacino’s performance that he immediately signed the up-and-coming actor, cementing a long-term partnership.
Bergman was the one who persuaded Pacino to take parts in The Godfather, Serpico, and Dog Day Afternoon, which sealed his reputation as one of the world’s finest performers.
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Success
In 1969, Al made his cinematic debut in “Me, Natalie.” He’d follow it up with “The Panic at Needle Park” not long after.
This attracted enough attention for Francis Ford Coppola to cast him in The Godfather as Michael Corleone. Al would get his first Academy Award nomination for the role.
Pacino would go on to feature in films like “Serpico,” “And Justice for All,” “Dog Day Afternoon,” and “The Godfather Part 2” (which he would reprise years later).
Pacino’s output in the 1980s was somewhat lower. He did, however, play Tony Montana in “Scarface” in 1983. Despite critical acclaim, the film was a box office triumph, and Pacino’s performance would go on to become one of his most famous and iconic portrayals.
“Dick Tracey,” “Scent of a Woman,” “The Devil’s Advocate,” “Any Given Sunday,” “Insomnia,” “Phil Spector,” “Paterno,” “Once Upon a Time in Hollywood,” and “The Irishman” are among Pacino’s other significant cinematic appearances.
For “Scent of a Woman,” he received the Academy Award for Best Actor in a Leading Role in 1993. He has been nominated for eight Academy Awards as of this writing but has only won one.
Salary Highlights
In 1972, Al was paid $35,000 for his involvement in the first Godfather film. After adjusting for inflation, it equates to roughly $215,000 today.
His compensation was increased to $500,000 for the second Godfather, which is the equivalent of $2.6 million in today’s currency.
More crucially, he received 10% of the film’s profit beyond break-even, which amounted to tens of millions in extra earnings over time.
Al sought $7 million-plus a share of gross profits for the third payment. BEFORE the expenses, Francis Ford Coppola objected and even threatened to make Michael Corleone’s burial the opening sequence of the third film.
Al ultimately agreed to a one-time payment of $5 million.
Pacino was paid $1.5 million for “Glengarry Glen Ross” in 1992 and $6 million for “Carlito’s Way” in 1993.
By the mid-1990s, he was consistently making $10 million or more every film appearance, no matter how big or little it was. He received $11 million for “S1m0ne,” a relative flop in his career, in 2002.
Al has a multi-year contract with HBO that guarantees him a $10 million fixed fee for each feature film he appears in for the network. This contract has so far resulted in the production of three films: “You Don’t Know Jack,” “Paterno,” and “Phil Spector.”
The Irishman Salary
For their roles in Martin Scorsese’s 2019 Netflix movie “The Irishman,” Al Pacino, Robert De Niro, and Joe Pesci each received an estimated $20 million. Those three salaries accounted for little about half of the overall costs for the picture. For all three performers, this is a high-paying role before backend royalties.
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Personal Life
Al Pacino is a single man who has never married. He does, however, have three children. His eldest child, a girl, is the result of his marriage to acting coach Jan Tarrant. He later had twins with actress Beverly D’Angelo, a male, and a girl. From 1996 through 2003, Al and Beverly were together. From 2008 until 2018, he was married to actress Lucila Polak for 10 years.
Real Estate
He now splits his time between Beverly Hills, California, and New York City. For the last ten years, he has lived in a house in Beverly Hills that he leases. The late author Jackie Collins owned the house when he initially moved there. Although Pacino has been permitted to stay a tenant, Jackie’s estate sold the property and the house next door for a total of $30 million in 2016.
Pacino has had substantial property in Palisades, New York, for a long time. He has also owned houses in New York City in the past but has opted to rent in recent years. Al, it seems, is more of a renter!
Summary
Al Pacino has a $120 million net worth. He is a legendary American actor who has made more than $10 million each acting part for more than two decades, no matter how big or little. He has three children and has been in many long-term partnerships, but he has never been married.
