Why was Michael Jackson BROKE!!!!

[Jman]

Seriously, any fan out there can explain why a dude who sells 170 Millions record be broke and owe over 400 Million....


Cash settelments...........

[candyflip]

They said something about him making $20 million per year but spending upwards of $50 million.

It's all gonna come out and should definitely make for some good reading.

[dyna mo]

Originally Posted by Jean-Francois

Seriously,

you are seriously asking this at gfy.

[Jman]

He left 3 kids without a father.


What a THRILLER He was.....

[»Rob Content«]

It's simple math.

If you make 10 dollars a week and you are spending 30 on credit.

You are going to run up a huge debt.

[FelixFlow]

its not how much you make, its how much you spend

[DK]

You'd be amazed how much the law suits and hush money add up.
Having a full blown amusement park and staff of 150 add up as well.

[Jman]

Originally Posted by »Rob Content«

It's simple math.

If you make 10 dollars a week and you are spending 30 on credit.

You are going to run up a huge debt.

Funny I don't hear any rumours about George Clooney being broke...

[baddog]

He lived in a dream world, and all his fans encouraged it.

[Jman]

Originally Posted by DK

You'd be amazed how much the law suits and hush money add up.
Having a full blown amusement park and staff of 150 add up as well.

The fag lost all with settlements... What is more fucked is the families who accepted being paid instead of pursuing him in the court of law.

[CDSmith]

Originally Posted by Jean-Francois

Funny I don't hear any rumours about George Clooney being broke...

I doubt Clooney travels as large as Michael did. When you're taking that huge of an entourage with you everywhere you go and buying out 2 or 3 floors in every hotel you stay at it can get rather drainy on the old bank account.

[Jman]

Originally Posted by baddog

He lived in a dream world, and all his fans encouraged it.

ALL is FANS... I haven't seen ANYONE with an MJ t-shirt or wispering to his songs in the last 10 years....

Give me a break, that dude's fan base dissapeared and now people are morning cause they live in TMZ land....

[»Rob Content«]

Originally Posted by Jean-Francois

Funny I don't hear any rumours about George Clooney being broke...

What does that have to do with anything?

His house, his staff, his playland, live in doctors and such, they cost real money to keep.

MJ had no real source of income for what at least 10 years.

Kind of simple really.

[Jman]

Originally Posted by CDSmith

I doubt Clooney travels as large as Michael did. When you're taking that huge of an entourage with you everywhere you go and buying out 2 or 3 floors in every hotel you stay at it can get rather drainy on the old bank account.

Bro Rolling Stones have been doing this for YEARS!!!! Does any of the band members owe 400 Million?????

[»Rob Content«]

Originally Posted by Jean-Francois

The fag lost all with settlements... What is more fucked is the families who accepted being paid instead of pursuing him in the court of law.

The fag?

What does anyone's sexual preference have to do with anything? We work in porn, I figure most people should be open minded. What's your problem with gay people?

[brassmonkey]

Originally Posted by dyna mo

you are seriously asking this at gfy.

[»Rob Content«]

Originally Posted by Jean-Francois

Bro Rolling Stones have been doing this for YEARS!!!! Does any of the band members owe 400 Million?????

The rolling stones continue to tour, put out new music, sell thousands items of merch at each venue while on tour.

MJ = sit at home, get plastic surgery, sit at home, pay staff of like 300 people.

Once again apples and oranges.

[Jman]

Originally Posted by »Rob Content«

The fag?

What does anyone's sexual preference have to do with anything? We work in porn, I figure most people should be open minded. What's your problem with gay people?

I have NO problem with Gay people, hell ask around... I take a mean belly button shot on a gay stomach ANYTIME...

MJ was a fag... SOrry it hurts your feewings

[dyna mo]

well the beatles catalog is worth $5billion and he owns half

he's made more than 2-3 billion over his lifetime and no real chunk of that was paid out in settlements.

[Jman]

Originally Posted by »Rob Content«

The rolling stones continue to tour, put out new music, sell thousands items of merch at each venue while on tour.

MJ = sit at home, get plastic surgery, sit at home, pay staff of like 300 people.

Once again apples and oranges.

MJ paid off people, accept it and move on Rob.

[»Rob Content«]

Originally Posted by Jean-Francois

I have NO problem with Gay people, hell ask around... I take a mean belly button shot on a gay stomach ANYTIME...

MJ was a fag... SOrry it hurts your feewings

You did not hurt my feelings, and this argument is poor.

That's just like the people who say "I'm not racist, I have a black friend"

Saying I don't hate fags, I have fag friends hardly says much.

[Jman]

Originally Posted by dyna mo

well the beatles catalog is worth $5billion and he owns half

he's made more than 2-3 billion over his lifetime and no real chunk of that was paid out in settlements.

LMAO You read TMZ every time you go to bed dude????

[»Rob Content«]

Originally Posted by Jean-Francois

MJ paid off people, accept it and move on Rob.

Accept what, you are saying why is MJ broke when George Clooney and The Rolling Stones are not.

It's pretty simple as to why

The Rolling Stones continue to do things that make money. George Clooney makes new movies which give him money.

MJ sits at home with his large staff and just spends money.

[Jman]

Originally Posted by »Rob Content«

Accept what, you are saying why is MJ broke when George Clooney and The Rolling Stones are not.

It's pretty simple as to why

The Rolling Stones continue to do things that make money. George Clooney makes new movies which give him money.

MJ sits at home with his large staff and just spends money.

So you telling me a dude who sells 170 million albums can just sit at home and end up owing 400 million???

[crockett]

Originally Posted by Jean-Francois

Seriously, any fan out there can explain why a dude who sells 170 Millions record be broke and owe over 400 Million....


Cash settelments...........

I saw some show about him a year or two back. He would go on these shopping sprees where he would just go in some store and buy everything. He simply couldn't control his spending habits.

[kane]

Did you see that documentary that was done on him about five years ago by Martin Brasher? In it he would regularly go out and spend 2-3 million dollars buying stuff that he would never see again. His people said he would do this 4-5 times a month. Like others have said his Neverland ranch cost a truckload of money to build and maintain. He had it fully operational year round even if he wasn't at the house more than a few months a year. Not to count the full zoo he has there as well. Add in all the legal fees he has paid over the years, settlements he has paid out and just living well beyond his means and it adds up fast. Much of his debt is judgments that have been filed against him for things like breech of contract.

His estate lawsuits are going to be insane. He owes upwards of 400 million to different people and he still owns the publishing for most of the Beatles songs which is worth 300+ million. You know his family will be fighting to hold onto those rights.

[Jman]

Originally Posted by crockett

I saw some show about him a year or two back. He would go on these shopping sprees where he would just go in some store and buy everything. He simply couldn't control his spending habits.

Maybe you still beleive in Santa and all that the AMAZING TV of yours tells you...




I know I've stopped a long time ago

[»Rob Content«]

Originally Posted by Jean-Francois

So you telling me a dude who sells 170 million albums can just sit at home and end up owing 400 million???

Mike Tyson got paid 10's of millions per fight, and went broke. He made over 400 million in the ring.

Toni Braxton sold like 17 million albums and then declared bankruptcy

George Clinton went bankrupt, how many albums did he sell?

David Crosby from crosby stills and nash, went bankrupt how many albums did they sell?

Mick Fleetwood, same.

MC Hammer sold millions, owed millions

Suge Knight from Death Row records filed for bankruptcy, how many albums did Death Row sell with Dr Dre, Snoop, Tu Pac... How is this possible?

Don't forget Willie Nelson....

Ted Nugent

Tom Petty

Burt Reynolds

Lawrence Taylor



How is this explained?

[beerptrol]

spend>earned=broke mofo

[CDSmith]

Originally Posted by Jean-Francois

Give me a break, that dude's fan base dissapeared and now people are morning cause they live in TMZ land....

I'm certainly no MJ fan but dude please. Did you know the first 5 dates of his upcoming 50 concerts sold out in something like 10 minutes?

Also, according to a quick google search, his album Thriller continues to sell several thousand every week and was re-released in 2008 as a 25th anniversary edition and hit #2 on the billboard charts. I wonder how his other albums have been doing?


I agree with you though, with so many large income streams there's not much to justify why they're saying he is broke. Like others have said it comes down to spending vs income. You asked why he's broke, there's your answer... he spent a shitload of money every month (even the months where he wasn't paying out settlement money) to maintain his massive entourage and his lifestyle.

[DK]

If i'm not mistaken, Elvis died broke as well.

[dyna mo]

Originally Posted by Jean-Francois

LMAO You read TMZ every time you go to bed dude????

eh? you'd do a lot better with threads such as this if you would learn to converse like an adult.

bottomline- mj has made billions over his lifespan of 40 years as an entertainer, from the biggest child star to the biggest selling record of all time.

it's not my fault if you can see that and somehow believe he's paid out all his earning to settlements covering up his pedo lifestyle.

[»Rob Content«]

Originally Posted by DK

If i'm not mistaken, Elvis died broke as well.

Bingo, how is that possible?

[collegeboobies]

well its easy to spend a few million on carnival rides for your backyard, he had to pay that Debbie Rowe chick who had his kids and never saw them again. He had to pay the kids to accused him of molestation, plus plastic surgery.

It costs a lot to be a white woman with no boyfriend.

[crockett]

Originally Posted by Jean-Francois

Maybe you still beleive in Santa and all that the AMAZING TV of yours tells you...




I know I've stopped a long time ago

Don't be a moron.. it was that interview/show Babra Walters or did with him a year or two back. At least I think it was Babra Walters. They were filming as he did it. He was just walking around the stores with 10 people following him and he would just say. I want this, I want that and this.. ect..ect..

Then all the little peon would shuffle off with the stuff. The guy would spend a 100k in a single store just buying stupid shit.

beside that you asked, so don't be a dick when people answer..

[Mr.Right - Banned For Life]

he was paying 100k/month on Rent

[Jman]

Originally Posted by crockett

Don't be a moron.. it was that interview/show Babra Walters or did with him a year or two back. At least I think it was Babra Walters. They were filming as he did it. He was just walking around the stores with 10 people following him and he would just say. I want this, I want that and this.. ect..ect..

Then all the little peon would shuffle off with the stuff. The guy would spend a 100k in a single store just buying stupid shit.

beside that you asked, so don't be a dick when people answer..

So it's OK for a guy who is a father of 3 kids, to live with a lifestyle he cannot even poney up for????

[»Rob Content«]

Originally Posted by Jean-Francois

So it's OK for a guy who is a father of 3 kids live with a lifestyle he cannot even poney up for????

You are taking on a pretty big fight if you want to talk shit on guys who have kids and don't support them and spend money on them self.

[Jman]

Originally Posted by »Rob Content«

You are taking on a pretty big fight if you want to talk shit on guys who have kids and don't support them and spend money on them self.

LMAO I would take that fight anytime.....

[CDSmith]

Originally Posted by Jean-Francois

So it's OK for a guy who is a father of 3 kids, to live with a lifestyle he cannot even poney up for????

I don't think anyone is saying it's okay. I think they're just answering your question.

[»Rob Content«]

Originally Posted by Jean-Francois

LMAO I would take that fight anytime.....

MJ's kids will always be taken care of, there will always be millions around for them.

So it's not really a worry.

[seeandsee]

Originally Posted by »Rob Content«

It's simple math.

If you make 10 dollars a week and you are spending 30 on credit.

You are going to run up a huge debt.

[Sly]

Holy crap this thread hurts my brain.

[Jman]

Originally Posted by »Rob Content«

MJ's kids will always be taken care of, there will always be millions around for them.

So it's not really a worry.

Did you confirm this with TMZ?

[fuzebox]

JMan what exactly is your argument here? Every time someone in this thread says that he spent more than he made, you accuse them of "living in TV land"... What's your point?

[Jman]

Originally Posted by fuzebox

JMan what exactly is your argument here? Every time someone in this thread says that he spent more than he made, you accuse them of "living in TV land"... What's your point?

Maybe I want them to realize there is MORE then what TV tells you...

[GatorB]

Originally Posted by »Rob Content«

Mike Tyson got paid 10's of millions per fight, and went broke. He made over 400 million in the ring.

Toni Braxton sold like 17 million albums and then declared bankruptcy

George Clinton went bankrupt, how many albums did he sell?

David Crosby from crosby stills and nash, went bankrupt how many albums did they sell?

Mick Fleetwood, same.

MC Hammer sold millions, owed millions

Suge Knight from Death Row records filed for bankruptcy, how many albums did Death Row sell with Dr Dre, Snoop, Tu Pac... How is this possible?

Don't forget Willie Nelson....

Ted Nugent

Tom Petty

Burt Reynolds

Lawrence Taylor



How is this explained?

You forgot the recnetly deceased Ed McMahon.

[dyna mo]

OP knows all, even everything about a tv entertainer, yet everyone else = tv watching sheople.

figures.

[CDSmith]

Maybe now that MJ is gone most of the mega-spending will stop. He corporate holdings and album sales will continue to bring in millions every year just like Elvis's does, and his overall postumous wealth will quite possibly start going back up into the black.

If you think his kids won't have ongoing millions upon millions to look after them for the rest of their lives you're crazy. MJ was a wacko but it was widely known he had a big heart and cared about his 3 kids.

[cherrylula]

drug addicts never know how to manage their lives...