this post was submitted on 27 Jun 2024
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Michael Jackson was $500 million in debt when he died, according to court filing (www.nbcnews.com)
submitted 4 months ago by return2ozma@lemmy.world to c/music@lemmy.world
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[–] 1stTime4MeInMCU@mander.xyz 29 points 4 months ago (2 children)

Likely Accounting trickery

[–] maynarkh@feddit.nl 27 points 4 months ago

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

[–] Sanctus@lemmy.world 14 points 4 months 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.