3. Michael Jackson was called King of Pop and unfortunately passed away in 2009. His songs remain to be culturally relevant however at the time of his passing he passed away with around 500 million dollars of debt. Due to this, many of his assets were sold to pay for his debts.
The lesson I got from looking at all these influential people is you can be exceptional in your field but if you do not know how to manage your money you might just die penniless. I personally do not want to pass away after suffering from poverty. I want my last days to be spent in bliss.
Michael Jackson is not poor; even after his death, he made more money from his songs, part of which was used to pay his debts. He was never poor. When he was alive, he lived a flamboyant lifestyle that led him into debt, but this doesn't mean he was poor. Michael Jackson had many assets; he had an estate, diamonds, and other properties. He was a musician with many private jets, and during his time, he was the richest entertainer in the world. It sounds very funny to say that a musician like Michael Jackson was poor; this is a musician that everyone looked to collaborate with.
Many billionaires take loans to invest in their companies and businesses, but this doesn't mean they are poor because they took out loans to add more value to their businesses. Michael Jackson is a musician that every musician dreams of being like and achieving what he achieved as a musician.