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<\/figure><\/div>\n\n\n\nWell, it turns out that popular actors and musicians don\u2019t do their own taxes, nor do many of them manage their earnings from their work. Instead, an undisclosed number of them rely on a single accountant, Kristin Lee, to do the hard thinking for them.<\/p>\n\n\n\n
Who Is Kristin Lee?<\/h2>\n\n\n\n
Kristin Lee is a 37-year-old business manager stationed in Los Angeles who manages the finances of super-rich clients, including musicians, producers, and athletes. She runs a 10-person firm, KLBM, that handles over 50 clients, dealing with taxes, insurance, and payroll. However, her services also extend to managing the costs of housekeeping and babysitting, believe it or not.<\/p>\n\n\n\n
Undisclosed Clientele<\/h2>\n\n\n\n
She keeps a pretty tight lip regarding whose finances she manages. No surprises there. However, she did mention that her clientele includes those with a net worth between $1 million and $50 million, so her clients are definitely not the everyday sort who pay a percentage of their returns for her services.<\/p>\n\n\n\n\n\n\n\n
She Even Offers \u201cTraining\u201d Courses<\/h2>\n\n\n\n
As you can imagine, an upcoming star who\u2019s found themselves launched into the center of fame probably has no <\/em>idea how to manage their money. Kristin claims that the first item on everybody\u2019s shopping list in fancy cars, a mansion, and clothes. However, Kristin, being the investment-savvy person that she is, often has to argue with her clients regarding how they spend their own money.<\/p>\n\n\n\n Kristin offers training courses to her clients to distinguish what they need and what they absolutely <\/em>need. Although she has no legal rights over their spending habits, she asks that they give her a call before spending a huge sum of money in a single transaction.<\/p>\n\n\n\n Being so deeply involved in her clientele\u2019s personal finances means she knows each and every client on a personal level. One might imagine that she knows their deepest, darkest secrets, at least in terms of how they use their money. But she does claim to be friends with many celebrities, and the feeling is mutual.<\/p>\n\n\n\n In fact, since her clients have to be completely open with her about nearly every aspect of their lives, she probably knows them more than their next boy or girl toy. She also knows that the star musician, though paid \u201cmillions\u201d for performing, doesn\u2019t actually take that sum home. There are lots of production costs, including paying dancers and the backstage crew.<\/p>\n","protected":false},"excerpt":{"rendered":" Celebrities who make piles and piles of money don\u2019t do their own taxes, do they? Sure, they\u2019ve got ungodly acting talent, but Leonardo DiCaprio sitting down at a table with a calculator and visor, calculating how much he owes the government? A weird thought, right? Well, it turns out that popular actors and musicians don\u2019t […]<\/p>\n","protected":false},"author":7,"featured_media":48989,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"_links":{"self":[{"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/posts\/48987"}],"collection":[{"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/comments?post=48987"}],"version-history":[{"count":1,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/posts\/48987\/revisions"}],"predecessor-version":[{"id":58609,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/posts\/48987\/revisions\/58609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/media\/48989"}],"wp:attachment":[{"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/media?parent=48987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/categories?post=48987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/networthus.com\/wp-json\/wp\/v2\/tags?post=48987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Knowing Her Clients on a Personal Level<\/h2>\n\n\n\n
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