Lou Pearlman Net Worth is$300 Million
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Profession: Record producer, Businessperson, Confidence artist, Impresario, Entrepreneur
Date of Birth: Jun 19, 1954
Ethnicity: Jewish people
Country: United States of America
Lou Pearlman was born in New York and has an estimated net worth of $300 million dollars. Lou Pearlman began life as a businessman falsely leasing blimps (that did not exist) to large companies for advertising purposes. When that business failed, he decided to jump on the boy-band wagon, and created two of the most popular boy-bands of the '90's, The Backstreet Boys and NSync. He bilked all off the groups he worked with out of millions of dollars and was eventually jailed for his various fraudulent practices. His release is set for 2029.
Louis Jay "Lou" Pearlman (born June 19, 1954) is a former impresario of the successful 1990s boy bands such as The Backstreet Boys and *NSYNC. In 2006, it was discovered that Pearlman had perpetrated one of the largest and longest-running Ponzi schemes in American history, leaving more than $300 million in debts. After getting caught on the run, and pleading guilty to conspiracy, money laundering and making false statements during a bankruptcy proceeding, in 2008 Pearlman was convicted and sentenced to up to 25 years in prison.
Lou Pearlman was born and raised in Flushing, Queens, the only child of Jewish parents Hy Pearlman, who ran a dry cleaning business, and Reenie Pearlman, a school lunchroom aide. Pearlman is the first cousin of Art Garfunkel. His home at Mitchell Gardens Apartments was located across from Flushing Airport, where he and childhood friend Alan Gross would watch blimps take off and land. According to Pearlman's autobiography, Bands, Brands, & Billions, it was during this period he used his position on his school newspaper to earn credentials and get his first ride in a blimp. (This version of events is disputed by Gross, who claims he was the school reporter, and allowed Pearlman to tag along.)
His cousin Garfunkel's fame and wealth helped fire Pearlman's own interest in the music business. As a teenager he managed a band, but when success in music proved elusive, he turned his attention to aviation. During his first year as a student at Queens College, Pearlman wrote a business plan for a class project based on the idea of a helicopter taxi service in New York City. By the late 1970s, he had launched the business based on his business plan, starting with one helicopter. He convinced German businessman Theodor W"ullenkemper to train him on blimps and subsequently spent some time at W"ullenkemper's facilities in Germany learning about the airships.
Returning to the United States, Pearlman formed Airship Enterprises Ltd, which leased a bli

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Lou Pearlman Latest News

Backstreet Boys, *NSYNC manager Lou Pearlman dies

(CNN)Lou Pearlman, the disgraced star-maker behind 1990s boy bands *NSYNC and the Backstreet Boys, has died in prison, according to the Federal Bureau of Prisons. The 62-year-old producer died Friday at a Miami hospital after an illness, according to ...
Posted: August 23, 2016, 2:21 pm

Former Backstreet Boys and NSYNC Manager Lou Pearlman Dies

Lou Pearlman, known for forming and managing 1990s boy bands Backstreet Boys and NSYNC, died Friday at the age of 62. Pearlman died in prison where he had been serving a 25 year prison sentence since 2008 after he was found guilty over defrauding investors ...
Posted: August 21, 2016, 8:42 am

Glenn Douglas Packard merges horror and coming out in his new slasher flick “Pitchfork”

“That’s when I caught the attention of Lou Pearlman, who helped to create NSync, Backstreet Boys and O-Town, and he got me into a boyband touring around Europe, performing for millions,” Packard says. “Then from Pearlman I met Hulk Hogan and his ...
Posted: October 20, 2016, 8:18 am
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