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Famous Musician Bankruptcies (Yahoo)
"How Do You Expect Me to Live on $10 Million a Year?": Famous Musician Bankruptcies
From Yahoo Music: http://new.music.yahoo.com/blogs/get...-bankruptcies/ Posted Fri Jun 12, 2009 6:00am PDT by Shawn Amos in GetBack Mick Fleetwood By the early '80s, Fleetwood Mac's drummer had sold more than 55 million albums and was selling-out tours all over the world. While his bandmates were able to hold on to their wealth, Fleetwood filed for bankruptcy in 1984. He blew millions on real estate (including a $1.8 million farm in Australia and a$400,000 home in Hawaii) and failed restaurants. Oh... and drugs. Fleetwood estimates he spent $8 million on cocaine. He saved a bunch of money by kicking his habit in '91, then he got the band back together for a '90s bailout tour, which put an estimated $3.5 million in his pocket so he could get himself on his feet again. |
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Does the bankruptcy mean that Mick lost the income stream from the earlier FM albums?
Also, there is a big gap between 84 and the 90s bailout tour. What happened during that time? |
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