If you have been a teen within the late 1990s to early 2000s, you can not escape the pull of the Backstreet Boys and NSYNC.
The boy bands have been a cultural phenomenon, influencing style and music trends and shaping the sound of pop music for a era. Backstreet Boys offered 130 million data worldwide, making them one of many best-selling boy bands of all time, whereas NSYNC adopted carefully behind with 70 million data offered.
The man behind the bands was a larger-than-life character named Lou Pearlman — actually, he was stated to weigh round 330 kilos.
Initially a blimp salesman (we child you not), Pearlman turned one of the vital profitable expertise managers and report producers of all time, casting and coaching the most important boy bands on the planet.
Photo by Mark Weiss/WireImage
Pearlman was stated to have a web value of over $300 million on the top of his success — till all of it got here crashing down just like the Hindenburg. Pearlman died penniless in jail in 2016.
On the most recent episode of Entrepreneur’s new podcast, Dirty Money, editors Dan Bova and Jon Small inform the lurid story of the Boy Band Bandit. How did Pearlman develop into so profitable, and the place did he go so unsuitable?
They’re joined by Lou Pearlman skilled Tyler Gray, who has written the definitive e-book on Pearlman known as The Hit Charade: Lou Pearlman, Boy Bands, and the Biggest Ponzi Scheme in U.S. History
Listen to the podcast right here or subscribe wherever you take heed to podcasts.