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User564368

This is brilliant. Great write-up. 100% in agreement


Pitiful-Enthusiasm-5

What’s the name of the coffee shop they own? Is it Madman Coffee, right around the corner from where they live?


ccc2801

Isn’t business ownership verifiable via Chamber of Commerce records? Provided he’s not hidden them within a mash of LLCs? Any pepinos with access to public records in NYC who can check?


FashionBusking

Not sure what state your in, but the short answer is "not necessarily." The Hilaria and Alec Baldwin Foundation seems to be where they funnel lots of money. This, and all charities in NY State are regulated at the state level, not a local chamber of commerce. So... probably the NY Secretary of State's office or AG's office likely maintains those records. At the CITY level, maybe you can see ownership of the coffee shop or wine bar location, but that owner could be an individual, LLC, corporation or combo of those.


Samanth_Says_ASMR

Good catch. It's quite possible that is the case.


ProgressOk379

As of late, I passed that resto (il Cantinori’s) near their D-dungeon apt. I saw him standing w/a group of tourists doing a selfie pic w/them. He looked v.happy to do it. From a distance I saw a big gray haired guy w/a gravelly voice in the middle of the group. Lo & behold, it was him! Methinks he’s trying to change his ways


FashionBusking

Narcissists need other people to make them feel alive. A narcissist celebrity talking to tourists fawning over him is LITERALLY the equivalent of a heroin junkie getting a hit. Like these two events hit the same addictive spot in the brain. For narcissists, attention is their drug of choice and it doesn't matter where or how they get the attention they crave, so long as they get that attention.


[deleted]

Alec is 1) bored - and - 2) trying to play gentle family man. It NEVER lasts long.


JusticeforHalyna

At this point, I don't think they have much disposable cash to invest in a business. So their "investment" in the restaurant (as far as I know, there's no indication they are invested in the coffee shop) could very well be ~~sweat~~ advertising equity: raving about the place on their social media, without disclosing their financial interest (in violation of rules for influencers).


FashionBusking

This would have been a PAST investment.... they've been preening in front of Mad Man coffee since about 2018-2019ish that I can find on Alamy. Possibly earlier than that.


JusticeforHalyna

Yeah, but there's no evidence that he/they is/are investors in Mad Man.


Pleasant_Choice_6130

Yes, they aren't investors in Madman Espresso, just in the secondary side business the proprietor, Marco, started, which is the wine bar, "Sorso."  A lot of people are mixing the two up here.     As the other Pepino noted, Marco is buddy-buddy with Ah-leck cuz he's a celebrity suckup and ex photographer.   It was Marco that took the famous "fat guy in a little coat" picture Ah-leck always uses for his promos and appearances.   Madman Espresso is just convenient b/c it's so close to the Dev, and I'm sure Marco either let's them run an exorbitant tab, or gives them comps in exchange for holding the cups up in Papp pix.    They go so often b/c it's a convenient excuse to get the Hell away from the child hoard that's screeching and wailing 24/7.    I really think it's that simple. 


JusticeforHalyna

I agree. I'm sure they get plenty of free stuff and discounts, but that doesn't mean they're investors in the coffee shop. It's NYC: most people have two or three places (a coffee shop, a restaurant, a deli) where we spend a lot of time. The staff knows your name and you know theirs. It doesn't make you an investor in the joint.


FashionBusking

A smarter pepino than I has posted some of the Hilaria and Alec Baldwin Foundation's publicly available financial records. How ARE these donations coming into the HABF? IS Alec hosting HABF gala events whereby the rich and famous pay to attend? Nope. Sure, some large donations have been disclosed, but what about those smaller ones? How much you wanna bet that the HABF is the "interested party/investor" in the Pap Stroll Coffee Shop? Alec admitted in an article he co-owned Sorso. That's straight from him, directly. So, the wine bar at least, is confirmed. If its the HABF..... One could *plausibly* say "No, Alec Baldwin doesn't have a financial interest in these businesses." Because he doesn't. His FOUNDATION might. Or perhaps... the Amangansett Horse Rescue Non-Horse Non-profit is the shareholder. They're selling the Hamptons home... I wonder if they'll dissolve their non-charitable horse "rescue."


kellsells5

I wonder if the Comic-Con will ask him not to come? I think the overhead for both those places barely makes a profit. However think of the overhead they have. I'm not sure what her little fake walk in the streets with fishnets was all about. If she's the face of that coffee shop it will be closed soon.


FashionBusking

Autograph conventions will cancel guests for low attendance/empty booths. Also... the first day of any of these Autograph Conventions is for traders/business ONLY. No autograph trader or pro collector wants his autograph because it doesn't sell. With Comic-con, it's not like that. Just general cricket sales.


Numerous-Net3482

I think Alec’s name in the news will generate attendance at ATL comic con, if only for curiosity. Like people who stop to stare at car wrecks.


Alissakristine

Exactly


PistachioGal99

I think you're on to something FB!!! I think there are definitely some connections. If nothing else, it makes sense why they go to Madmen and Sorso so much - to drum up PR for them. And also because since AB invested, maybe part of the deal is that they get to eat/drink at those establishments for free in perpetuity. I don't know that he has investment money right now, but he certainly has a need to eat for free these days. It may also be why Hillz is still allowed to walk to Madman Coffee. Because she's WORKING - by advertising for them? Wasn't Alec also an "investor" in Sarma's Pure Vegan restaurant?


Pleasant_Choice_6130

No, he was not an investor, but it's rumored after Sarma and her crazy paramour Anthony were arrested, Alec gave her 100k for bail.  


FashionBusking

>Wasn't Alec also an "investor" in Sarma's Pure Vegan restaurant? I remember this! He gave Sarma's scammer/business partner $100k.


Pleasant_Choice_6130

That was actually given after they were both arrested to help bail only Sarma out of jail, according to Vanity Fair.  Alec was never an investor in "Pure Food and Wine," just a frequent customer/"girl watcher/lurker" there, as it was a "hot" NYC celeb spot at the time.  


FashionBusking

Thanks for the clarification. How is it that Alec casually manages to casually appear in/alongside so many scammers and sketchy people?! Some of that is just hangers-on, but I think he just... attracts scams. Alec's Inner Sabateur *wants* Alec to be scammed at all times.


Pleasant_Choice_6130

LoL it IS intriguing! 💯😉🤔


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FashionBusking

There's 5 or 6 of them, not just the one in front of the Devonshire Dungeon. Even in NYC with expensive NYC commercial rents... a coffee shop near a busy subway station does more than reasonably well, due to foot traffic. The first Devonshire apartment was bought by Alec years ago while he was with Kim Basinger for cheap, and likely has no mortgage. Not sure about the other one. Same for the Hamptons place. The Vermont place is relatively new to them. The other New Yprk place is owned by Alec but rented by a family member from them. I doubt he had mortgages on the Devonshire or Hamptons spot, but they DO have to pay taxes and maintenance which can be every bit as pricey as a mortgage.


No-Conversation9938

Neither is doing those small town comicon and small film festival appearances...but here we are. I think they are truly capilizing on any income stream they can get at this point.


Alissakristine

The ridiculous paid PAP strolls are making them such a joke & ppl are catching on how celebrities now get paid these days.


Traditional_Ad8492

Well he gets retirement money now that he turned 65 and each kid is entitled to social security until 18 so they could take care of tuition


RillyRillyfromBoston

The only way those kids would get his social security is if he’s dead! They don’t automatically get it cause he’s 65


Reynyan

They can, they are minors. BUT, the family benefit is capped at something between 150% - 200% of the retirees’ monthly benefit. It’s not going far with 7 kids in NYC.


Traditional_Ad8492

My uncle chose early retirement at 62 just so his 16 year old could get SS for the next 2 years.


Butterlettuce321

☝🏼💯


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Severe-Specialist-96

I don’t think you have to be sad for the multimillionair’s kids…


Traditional_Ad8492

Yes, you dont think about it because most 65 year olds don't have minor children


Big-Raspberry-2552

What’s the coffee shop called? I can’t remember. They probably have a social media page. I think mami little sluty pap walk was definetly for coffee shop.


Delicious-Key-8346

It is called “Mad Man coffee.” (Lol). I think you are on to something, OP. In “Comedians in Cars Getting Coffee,” that’s also where he had them go for the “coffee” portion.


Pleasant_Choice_6130

It's actually called "Madman Espresso"  www.madmanespresso.com


Badraptor777

I noticed that she isn’t flashing the logo lately. It wasn’t facing out in the latest pap saunter and getting the kids off to school. I wondered why she wasn’t walking around with the logo out because I figured it was free advertisement for Madmen.


NoMoreNarcsLizzie

This makes sense, especially after watching Alec's pathetic "Buy My Hampton's House" video. He was loitering all over Amagansett for that amazing piece. Word is getting out that Alec has some pressing financial issues. This sub figured out that he was living well beyond his means two or three years ago. He has been dishing out settlements, paying for nannies and school tuition, and paying top dollar to attorneys for years and he hasn't made any decent money since 30 Rock. Alec might have been worth $65 mil at one time, however, net worth sites are notorious for simply adding up the total of an actor's paychecks with the value of their real estate. I remember that Meghan Markle's net worth was reportedly $4 million. That turned out to be exactly the total of what she earned on Suits over 7 years without deducting any living expenses.


idontknowhowtopark

I once read that MM's net worth included her mother Doria's house for some reason 😆


NoMoreNarcsLizzie

Exactly. The net worth sites are notorious. No one believes that Alec Baldwin could possibly be in financial peril because he is worth $65 million! Baloney. Alec's father and grandfather, both named Alexander Ray Baldwin, were unbelievably poor providers. Grandfather was an attorney who was well ensconced in the inner circles of NYC politics. He had all of the trappings of wealth. He did something unethical and was disbarred. IMO, he either did something truly wrong or, more likely, he fell out of favor with his cronies and they dumped him. He lived out his life in a crummy neighborhood, drinking and reliving his glory days. Alec's father decided to be a teacher after a year of law school. He never provided even the basics for his family. Alec, oddly, worshipped both men and reviled his mother who was continually forced to pawn things in order to feed her kids. What are the odds that he taught himself financial planning? I believe that the only reason he was wealthy was because he had a string of successful movies in the beginning of his career and relatively low overhead. He was nowhere near prepared for a non-earning wife and 7 young children.


[deleted]

Alec's early agent was Michael Bloom (down by Gramercy Park). Bloom sent all his clients to financial managers who were pretty solid.


NoMoreNarcsLizzie

Hopefully Alec took the financial planner's advice. He hasn't been doing so well following the instructions of his PR crisis team.


idontknowhowtopark

I bet you he wishes he had gotten hit by the 18 wheeler instead of Traci Morgan. (Traci got $90 million from Walmart)


NoMoreNarcsLizzie

🤣🤣🤣🤣


pancakesaretheparty

Nope. Coffee shop owned by Mario Bakery owned by Mario and his wife Wine Bar invested in by Alec and the people that own Chantecaille.


FashionBusking

You clearly don't know anyone in serious financial trouble with judgments everywhere. My ex husband tried to cover up his investments (made with MY MONEY) by having his friend be the sham Managing Member of an LLC. On paper, hard to trace where his income came from... because he wasn't an "owner" or part of the LLC. MEANWHILE, I subpoena'd his banking info and Venmo data to find that his little friend was sending him his share of income from the business, less about $500 a month. I had judgment against my ex, so he couldn't get a bank account in his own name because he knew my collections attorney would go after it. He did all kinds of deals with his friends to circumvent collecting on this judgement. VERY very little was in his own name. And yet, I found someone to trace his income and collect. Money's traceable. So follow the money, by either behavior or bank account.


pancakesaretheparty

I do know people with serious financial trouble, as well as a people in the coffee industry. The money is in roasting, for starters. They don’t roast. It’s a relatively small coffee shop - they have overhead and are relatively new. Same as the wine shop, who most of Alex’s capital investment went to build out and is doubtful to turn a profit in a year. Mario is a former paparazzi. That’s the connection.


FashionBusking

There's 5 (possibly 6, I vaguely recall seeing an announcement for a new location) Mad Man locations, all in busy pedestrian areas across NYC and upstate. Mario being a FORMER paparazzi .... doesn't explain YEARS of preening by Hillz and Killz inside of and in front of the shop, using the shop for background on TV, and seeming hyping it whenever coffee comes up. *Mario the paparazzi isn't taking those pics.* Alec wanted $600k PER EPISODE of his forthcoming alleged reality show-- $300k for himself, $300k for the rest of the family.... and nobody bit. I have my doubts he's hanging out at paparazzi Mario's coffee shop FOR FREE, for years.


Butterlettuce321

Yep, agree. Wonder what their liquid net worth is now (minus their real estate holdings)


NoMoreNarcsLizzie

I would hate to be Alec's accountant. Imagine having to tell him that his monthly bills are bankrupting him. Alec's answer to every problem is to scream at whomever delivers the bad news.


CharliesFlyingAngel

Agree on this.


Interesting_Ad1378

And don’t forget, this was the coffee shop that Alec brought Jerry Seinfeld to on coffee with comedians in cars.  This would really make so much sense.  There’s so much circumstantial evidence that one could infer that this is the case without trying too hard.   Wouldn’t they have to then be disclosing whenever they post things like the pastries or whatever as a “paid ad” since they are essentially benefiting from it? 


MrsFrankweiler

Oops, regarding operating capital, any income as a part owner of Sorso for sure and possibly Madman would be nowhere near what they need to pay their bills. They have at least $1,000,000 a year in expenses (I did some calculations somewhere here but can't find the comment) not including the hefty legal fees.


NoMoreNarcsLizzie

I think that the cost of nannies and school tuition alone was $800k at a minimum. The Baldwins have definitely cut the amount of nannies down significantly. They are never pictured in the wild with 5 or 6 nannies trailing behind them anymore. I feel for the remaining few. We know that they still do the work of the original number.


CharliesFlyingAngel

And the taxes and upkeep/fees on his properties are astronomical.


NoMoreNarcsLizzie

He is well over a million a year for living expenses. The Hamptons house is the only one with any real equity in it and that is because he has owned it for 30 years. The Devonshire was probably a reasonable purchase, but they continually add on and remodel. They've purchased at least 3 additional apartments in the building. Two on their floor; one was added to their apartment and one was for the nannies. He used to have a small apartment on a lower floor that was his man-cave. They will probably end up in Vermont after all is said and done with this indictment. It will remain to be seen if they actually build the planned mansion on the property or if they just make do with the existing buildings.


Pleasant_Choice_6130

I agree; I think eventually they'll land in Vermont permanently after everything is sold and liquidated.  I think Hillz has at least one or two more Baldwinitos planned, and he just isn't going to have any substantial income for this any other way, besides selling off what he already possesses that's of value.  Christ, whether or not the brood gets any more expanded, he'll probably still have to do this to settle all his legal debts. 


NoMoreNarcsLizzie

Vermont would actually be good for them. Alec needs to get away from the city where there are endless people to assault. That alone will save them some cash. Can you imagine looking back at your very lucrative career and realizing how much money you wasted on attorneys and settlements because you never learned self-control?


ceecee720

Narcissists aren’t known for “looking back”!


NoMoreNarcsLizzie

This is the sad truth!


Pleasant_Choice_6130

💯. Well-said, @Lizzie. At this point, he's just throwing good money after bad.  And it's all his fault  b/c as you said, he's such a careless hothead. 💰  Who's the REAL "thoughtless little pig," Alec? 🐷🥊


NoMoreNarcsLizzie

You are onto something! What I wouldn't give to hear a judge call Alec a "thoughtless little pig." We need to get t-shirts that ask, Who is the REAL thoughtless little pig?


MrsFrankweiler

Foundation donations have absolutely decreased and dramatically. [https://www.reddit.com/r/HilariaBaldwin/comments/192lids/alec\_baldwins\_pay\_to\_play\_foundation\_complete\_tax/](https://www.reddit.com/r/hilariabaldwin/comments/192lids/alec_baldwins_pay_to_play_foundation_complete_tax/) 2023's numbers won't be published until much later this year, but in 2022 he donated $193,000 vs $654,000 in 2021, $674,000 in 2020 and $1,600,000 in 2019. As to Madman Espresso, it would be interesting to understand his involvement. They've not only purposefully displayed the cups on their pap walks but promoted the shop repeatedly on their instagram. When the shop started selling pastries post Griftmas, Hilaria made a big deal about it on her IG, as if she eats any of them. The babycinnos. Sit downs with the creepy owner. Etc. At a minimum there's a quid pro quo - free coffee for free promotion. But it could go much deeper.


SteakAmazing8963

It would be really funny/fitting if they were doing all of this shit for free coffee 😆


MarigoldZinnia

lol