Michael Jackson was $500 million in debt when he died, according to court filing

return2ozma@lemmy.world to Music@lemmy.world – 95 points –
Michael Jackson was $500 million in debt when he died, according to court filing
nbcnews.com
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Likely Accounting trickery

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

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.