Michael Jackson was in debt before he die?
By clorissa123
@clorissa123 (4926)
United States
June 29, 2009 3:04pm CST
I was shocked to find out that Michael Jackson himself was in deep debt before he was dead. I always thought that superstar like him would left behind an awesome amount of inheritance to his children. So, I was wrong. I just don't understand how people made some much money from their albums, and images, mismanage their money like that. They should be super rich in my imagination.
2 responses
@blue65packer (11826)
• United States
30 Jun 09
I don't get it either! Michael Jackson should of had tons of money that would be inherited by his kids! Instead he leaves a ton of debt behind! There probaly to main reasons for this;1. Micheal Jackson was big spender! He was spending more then he made! He either didn't care or he had lost his sense of the real world! 2. Jackson had some financeal advisers. I'm sure some of them got Jackson to make bad investments they thought were good or just did it to take advantage of a vunerable Jackson! What ever really happen some of this will be disclosed sooner or later! I know reading about rich sports players and how they lose their money! Some of that is do to finaceal advisors getting them to make investments! Instead od doing normal investments like use normal people sport stars invest in stuff that is suppose to make money fast! Scam artists see them coming and screw them out of their money! Also some players start with good investments but lose lots of money,like now,thanks to the weak economy! If people where a heck of alot smarter and keep their common sense they wouldn't end up in debt like Michael Jackson!
@Bearballew (1148)
• United States
29 Jun 09
I wouldn't worry too much about it. I think the fans will eliminate that debt this week! Have you heard that record sales for Michael Jackson are SOARING!! Yet again. Once more, King of Pop on Top!



