this post was submitted on 27 Jun 2024
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Music

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Michael Jackson was $500 million in debt when he died, according to court filing (www.nbcnews.com)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 29 points 1 month ago (2 children)

Likely Accounting trickery

[–] [email protected] 27 points 1 month ago

If the debt was owed to banks, then... heeee hee

[–] [email protected] 14 points 1 month ago

I took a music business class and I vaguely remember this subject. I'm pretty sure dude was actually in the hole from frivolous spending, and also partially due to the way the music rights worked out.