Hollywood's top 25 financial gatekeepers on their clients' craziest purchases; how to keep cash flow under control; and when to say no to family members who have their hands out — again.
This story first appeared in the Oct. 11 issue of The Hollywood Reporter magazine.
The Hollywood Reporter’s third annual Power Business Managers package acknowledges the unsung professionals who keep the engine room of the industry's money machine humming. Business managers maximize cash flow from much-whittled paychecks and prevent overindulged stars from acting on their worst impulse purchases (lease the Gulfstream, don’t buy it).
"These business managers control how millions of dollars are spent -- that makes them incredibly powerful in Hollywood," says THR executive editor Matthew Belloni.
This year's package looks at everything from industry players who have cultivated lucrative second careers, to the hidden costs of keeping stars safe from paparazzi, to how to cut off freeloading family members.
"These business managers don't get much attention in Hollywood," says Belloni. "But they should."
Profiles by Alex Ben Block, Paul Bond, Eriq Gardner, Brandon Kirby and Rebecca Sun
Haber Corp.read more
Citrin Coopermanread more
ML Management Associatesread more
Level Four Business Managementread more
Shephard McIlwee Tinglofread more
Neuman & Associatesread more
Nigro Karlin Segal & Feldstein Llp.read more
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