I read that when Michael Jackson died, he was $500 million in debt. How does someone get into that kind of debt?

Question

I read that when Michael Jackson died, he was $500 million in debt. How does someone get into that kind of debt?

In: Economics

Answer 1

man that’s wild how someone so famous could be in that much debt. like maybe they spent more than they earned you know what i mean? being rich don’t mean you’re good with money