- Name: Lou Pearlman
- Age at Death: 62 years old
- Height: 5ft 8in (173 cm)
- Occupation: Music Producer
- Net Worth: US $300 Million
- Status: Deceased
Lou Pearlman was an American music producer and manager of NSYNC and Backstreet Boys. He was also the mastermind behind a $300 million ponzi scheme and bank fraud. Pearlman was born Louis Jay Pearlman on June 19, 1954 in Flushing, New York. His father, Hy, owned a dry cleaning business, and his mother, Reenie, was a school lunch lady. He was also the cousin of folk singer Art Garfunkel. Pearlman attended Flushing High School followed by Queens College. He graduated with a degree in accounting.
Pearlman ventured into the aviation business in the late 1970s. He formed the company, Airship Enterprises Ltd, which was short lived. His second attempt, Airship International, which went public in 1985 proved to be a bit more successful. The company profited from leasing blimps to big names like McDonald’s, MetLife and SeaWorld. Airship International was forced to close down after their stock prices plummeted.
Pearlman began his music career as the founder of Trans Continental Records. He formed and sign the Backstreet Boys in 1993 with Johnny Wright as the group’s manager. The Backstreet Boys rose to stardom and quickly became the best selling boy band of all time. Pearlman saw similar success with the band, NSYNC. The group was formed in 1995 and has since sold over 55 million record worldwide. Pearlman’s other bands include O-Town, US5, Natural and LFO. He worked with a number of artists including Aaron Carte and Jordan Knight.
Pearlman ran a 20 year long ponzi scheme which enticed investors to invest in his Trans Continental Savings Program. The state took control of the company in February 2007 and Pearlman was arrested in June 2007. He was indicted and charged with bank, mail and wire fraud on June 27 2007. Pearlman was sentenced to 25 years in prison on May 21, 2008.
Lou Pearlman died on August 19, 2016 at the age of 62. He reportedly died from heart issues. He was awaiting surgery at a Miami hospital at the time of his death. Pearlman’s net worth peaked at $300 million back in the early 2000s.
Lou Pearlman Age, Birthday, Salary, Wiki
- Birth Name: Louis Jay Pearlman
- Birthday: June 19, 1954
- Place of Birth: Flushing, New York, United States
- Zodiac Sign: Gemini
- How Tall : Height: 5ft 8in (173 cm)
- Occupation: Record Producer
- Years Active: 1993-2006
- Net Worth & Salary: US $300 Million
- Death-O-Meter: Dead
- Died: August 19, 2016
- Cause of Death: Heart Issues
- Place of Death: Miami, Florida, U.S.