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

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

In: Economics

22 Answers

Anonymous 0 Comments

Did you ever see the interview Martin Bashir did with Jackson where Michael spent a couple of hyndred thousand on worthless bullshit in about an hour?

That’s how he did it and he had the Beatles catalog as collateral for loans from Sony but if he didn’t die he was screwed.

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