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.