Celeb Gossip: Dan Earns US$6Million

[Steve]

Seem like I'm always the one reporting stuff like this, but if
you have check the news services lately then you know that
Dan's company 'Gilmore Jacobs' has released its annual report.

Apparently Dan earned US$6,000,000 NOT COUNTING the additional
US$16mil he received for 'Order of the Phoenix'. 

http://www.thesun.co.uk/sol/homepage/showbiz/bizarre/article1032384.ece

US$130,000 of that came from Dan's production company 
Almada Productions which develops scripts.

Apparently, his current assets are worth approx. US$50mil.

I say great going Dan, and congratulations to his parents for
protecting his assets and not squandering them the way so many
'stage' parents do.

It was his parents idea to set up the Limited Liability Company
Gilmore Jacobs Ltd. Since, it is a publicly listed company 
(though privately held), they have to file an annual report, 
and this insures that Dan's parents are not squandering his money
in half baked investment schemes. In a sense, there is a 
public accountability that is severely lacking in the finances
of so many child stars. 

Also, I think this protects Dan personally. Likely, Dans (and
his parents) are paid a salary by Gilmore Jacobs, so if he gets
sued, or if he gets divorced, the assets of the company are not
on the line, only his personal assets which are represented by
the salary he is paid. 

I'm pretty sure both apartments Dan purchased in New York were
actually purchased by Gilmore Jacobs.

Still, I find it comforting that Dan is handling his money very
responsibly, and looks like even if his acting career goes 
south, the can still remain in the business in production and
script development. 

For what it's worth.

Steve/bboyminn