The Secret Bankers of the Movie Stars
Scarlett Johansson, Zendaya or Tom Holland earn millions for each of their movies, a fortune managed by their business managers far from the big Wall Street wealth managers.
Business managers play a crucial role in managing the finances of Hollywood stars. They handle tasks such as receiving and accounting for income, paying bills, preparing budgets, and planning tax structures. These professionals typically manage portfolios worth between $100 million and $300 million per client, with some firms overseeing around $60 billion in assets.
John Rigney, founder of Level Four Business Management, has been managing Jim Carrey's finances since 1987, and his firm has become a popular choice among Hollywood stars. Other notable business managers include Steven Shapiro, who advises Zendaya and Tom Holland, and Harley Neuman, who has worked with Scarlett Johansson and Ellen DeGeneres.
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