PRINCE's Spending Habits ?

OK, I see alot of stuff about MJ's spending habbits, and unless we've grossly underestimated the revenues coming into his estate, I'm assuming that MJ is pretty darned close to being broke and someone's cell bitch.

But, as for Prince. Does ANYONE have a clue as to what his finances are like?

Anyone care to speculate?

uh...he's well-off.

Prince went very badly into debt in the mid-nineties but with the current tour I think he's doing more then allright. I don't think he will ever have money concerns again. This is why I don't believe that MJ is doing as badly as people say because he could very easily tour and make a boatload of cash and he hasn't done it.

ummmm....

MJ owns the Beatles catalog.....

he's doin just fine.

I just saw about 2 weeks ago on tv , they were talking about michaels money problems and one of the people in the interview said that MJ may have 2 consider selling the beatles catalog 2 recoup some of the money that he has lost in the last couple of years. I believe that he is going through a very tough time right now, money wise and personally. He is not broke by no means, but he can't go on 4ever at this rate.

Well, he could buy & sell you without blinking... what do you care?

who r u talking 2 calhoun? If ur talking 2 me Fuck U.

woah...let's quit while we're ahead

interesting question but obvious answer
like handclapsfingasnapz said, he's most likely well off

it shouldnt matter, but nonetheless, a good question

Ooooh... Somebody's fixin' to get it

AsianBomb777 said:

Bull said:

jubilee said:

Bull said:

moonwalkblowjobrain said:
[/quote]
don't he own elvis' too?[quote]
Well heres a dumb arse mutha-fucker right here!!!
Own Elvis' what, muthafucker?? Elvis' publishing company for the songs he wrote perhaps??? Okay Einstein, name one song that fat, kentucky fried chicken eatin mutha-fucker ever wrote???
Ahhhh.... hmmmmm.....
That's right genius, Elvis never wrote a mutha-fuckin' song!!
So how can he "own elvis' too"????
MJ owns the Beatles publishing company for the songs Lennon and Mccatney wrote - Elvis wrote NONE!!!!
The only thing kiddy-fucker Jackson owns of elvis' is his daughter's credibility.
Which has well been burnt and destroyed.

SpudMonkey said:

moonwalk blowjob rain wrote:

In general superstars/ especially musicians spend WAY to much money.

I would think Prince is the same way.

If your net worth is equal to 50 or 60 million ( AND that's alot) for example. but your expenses equal to say 5 million a year. then you are in trouble. That's tens years of extravagant living. then guess what? you have to tour again.

I've read books by several entertainment lawyers that say most musician's run out of money in 15 years and that's if they've had a very good career. Now none of this includes investments, property and other items that have value. these are things that continue to bring money in. Btu often they have to cash in investments and properties.
The one good thing about prince is that he abandoned the major record labels which means he's getting larger profits of his material. Sure he's not selling 12 or 15 million records but I bet he made more profit off of Emancipation than he did off of Sign of the times for example. And he's definitely making more profit now of the Musicology c.d. and tour than when he was with a label.

I doubt these guys are broke, but I DO know that superstars don't make as much money as WE think. Entertainers usually don't even make the forbes list except for Oprah and That Harry Potter lady. It's one thing to make a quick 50 million but another to make 20 million every year of your life .

Hey bro, my bad. U have 2 address who u are talking 2. I was next on the list so there I thought that u were talking 2 me.

lovemachine said:

I thought prince wasnt doin too good during lovesexy album thats the time i think he was in debt!! mainly due to Paisley park its more of a harem then a record company

The problem with MJ is he spends $24mil /yr even if he has the catalogue how long can u last!!

He only owns half of the catalogue and sony owns the other half but if he defualts on his loans the banks can squeeze him real bad!! and he would have
to get rid of it on the cheap!!

He didnt make any money on invicible coz the cost of making it were so high!!

But if he tours he can make alot of money!!so he can survive but he is too lazy to tour and all messed up

i think the kid is lying his mother has been doin these things all along!!!

i even think that kobe gal is lying all she wants is some quick money!!

its dangerous when u r famous ppl want ur money

LovesexyIsThe1 said:

No matter how rich he has (or hasn't been) over the years, he's not always been so dependable about paying his debts/creditors, which I don't understand. If you HAVE the money - so much money, in fact, that you BRAG about how much you have and that you make - why not pay the bills you incur? Why willingly make yourself look like a deadbeat asshole when you can avoid it?

lovemachine said:

LovesexyIsThe1 said:

As a popular songwriter, I doubt Prince was ever near broke. If you pay close attention to the music business, you'd see that the big bucks come from songwriting. That's why Dolly Parton, who's written over 1,000 songs, is so insanely rich (I can't imagine how much she made from Whitney's god-awful screeching version of I Will Always Love You), even though her career isn't based on singles and albums like it used to be.

lovemachine said:

LovesexyIsThe1 said:

You all need to re-think your definition of "broke." It doesn't matter how many tens of millions come in if what you owe exceeds it. MJ's got a real problem -- Sony loaned him $200 million and the loan is now coming due. The collateral? The half of ATV publishing (Beatles catalog) that he still owns. One of the shrewdest business moves in music ever, and twenty years later he's gonna have to give that acquisition up to pay his debt.

As far as Prince goes, his income in the last seven years has been pretty good (though I doubt he made much, if anything, on the ONA tour 'cause the venues were so small for the most part). The arena tour in '97, which nobody writes about (because it doesn't fit into the official "comeback" storyline) was strong commercially, for example. But who knows what this guy spends?

All this nonsense about what did or didn't happen years ago, who care's? Prince doesn't!! Because today, right this minute...

*Thinks of Dave Chappelle and clears throat*

HE'S RICH, BITCH!!!
[This message was edited Mon Aug 16 22:20:16 2004 by SexyBeautifulOne]

LovesexyIsThe1 said: