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.
There are other people in the
list but I only chose three.
Very interesting info, I didn't know this but Michael Jackson was rich in any way. By the way, I did some research and as I understood, he had a huge cash debt but his assets had a huge value in US dollars. Anyways, it's a mistake to say that he died rich. Just only think about the $500 million debt. If I had the ability to have that much debt, I'd take that without blinking an eye.
Debt is not bad and it doesn't make you poor. Countries and many big corporations have huge debts and there is a logic behind it but it will just take me a lot of time to explain. I might create a new thread and talk about it there because debt is a very interesting thing and too many people think that debt is bad, it is not, it depends on how you use the debt.
I want to mention another famous person who died poor and his name is Nikola Tesla. This man could be a billionaire but he wasn't interested in business.