Low-ranking and prominent figures have the same ending: filing for bankruptcy. The reason is that some musicians spend a lot of money to get rid of contracts that are unfavorable to them, and the luxury life of stars is often the main reason why they can't make ends meet. Spending money like water and ignoring the balance of payments is not a common problem of modern celebrities. It can even be traced back to Mark Twain or even Wolfgang Amadeus Mozart.
Michael Jackson may earn more money every day, but his expenses are also considerable. He bought 10 Sony AIBO robot dogs for $5,000 each and let them run around his home. The monthly maintenance cost alone is as high as $200,000. In the TV documentary "Living with Michael Jackson", he spent $6 million on shopping in a few hours, which amazed the American audience.
1989, actress kim basinger bought the town of Braselton, Georgia for $20 million. When she filed for bankruptcy four years later, she was forced to sell the town. When Mozart died at the age of 35, he was heavily in debt and was buried in a poor cemetery without a tombstone. Tai Sen, the boxing champion, earned more than 300 million dollars in his career, but he loved cars and jewelry, and eventually he had nothing, so he had to file for bankruptcy. 1996, burt reyonolds, an actor with a debt of 8 million, filed for bankruptcy. Mark Twain, a famous writer, made a lot of money by writing, but his investment mistakes made him squander most of his property.
With these lessons, other stars should also be careful. From 1996 to 1997, elton john spent 206,000 on flowers alone, which is just the tip of the iceberg. 1999, BBC reported that John borrowed 40 million yuan from the bank to pay off his debts. A year later, he personally admitted to increasing his foreign debt by 2 million yuan per month. It seems that for stars, learning to manage money is more important than making money.
An auction house in new york, China will auction a batch of items belonging to Michael? Michael Jackson and his family's collection, including the gold album of Jackson's classic album Thriller, his original lyrics, and a large number of clothes and accessories; Even his sister Jenny? Janet jackson's ballet shoes and sweaters are also included.
But Jackson's spokesman said he didn't know his
Items are auctioned and legal action is considered to ban the auction. It is reported that this collection was originally stored in a warehouse. When the court later tried bankruptcy proceedings, it allocated these things to the warehouse owner.