I read that when Michael Jackson died, he was $500 million in debt. How does someone get into that kind of debt?
In: Economics
This sub is such a joke. The four comments so far, none of them answer the question, just people wanting to sound like they are smart.
“Buying a lot of stuff they can’t afford; “, lol, no shit Sherlock. What stuff, I think would be the actual answer.
” he was spending two million dollars for every one million he earned. ” As above.
“Being rich doesn’t mean that you don’t take loans or contract out services. It also doesn’t make a person good with money, it just means they *handle* a lot of money.” lol, this one is the worst. It doesn’t even make sense and has nothing to do with the question.
Now I don’t know the actual answer, but hey, that’s OK. I don’t have to pretend I do.
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