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:

He spends way too much.

Luv & Peace,
Alex
Clubbin' in Mpls/A Night w. Prince

Bull said:

Oh come on, that was hardly an insult... the man's super-mega-mega-loaded!

jubilee said:

don't he own elvis' too?

Bull said:

Did you ask the question muthafucka??? silly rabbit...

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:

don't he own elvis' too?

ok c scuse me but i did not kno elvis didn't write his songs ok!? i don't even listen to elvis. i ask this cuz i heard it somewhere that thats part of y lisa is mad @ him. cuz he owns elvis' catalogue. so b4 u call some one a dumb mutha fucka maybe u should look in the mirror cuz u were to dumb to give a civilized answer!
[This message was edited Mon Aug 16 6:55:29 2004 by Moonwalkbjrain]

moonwalk blowjob rain wrote:


"too" dumb i think is where you're heading with that one, spelling wise (but completely nowhere point wise...)

And I'm guessing the reason Lisa-"Marie" is mad with kiddie-fucker probably has something to do with the fact that when she married him she had 2 young kids of her own (this is where you do your own maths....)

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:

You believe these rumors? What facts do you have to back that up? I never heard of Prince being broke ever since he started out. Warner Bros. had always kept his pockets filled, even in the middle of their "dispute."

Prince is rich, always been rich, will always be rich. He's not letting the industry pull a Jim Croce on him.

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:

Are you kidding me?

http://princetext.tripod...._1995.html

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:

Pulled from the text of that website:
PRINCE'S PROBLEM isn't a lack of earnings. Even though his commercial fortunes aren't what they once were, he may still earn $10 to $20 million in a given year from record advances, publishing royalties and fees for producing other artists

Yeah, you're right, that's not a large enough amount for his lifestyle... he must've been inches away from hitting skid row.

LovesexyIsThe1 said:

But the point of the article is that he was spending more then that. As the article said Prince went broke in 1989 and in 1995. There are tons of more articles on this subject if you need more proof.

Basically ou were wrong; admit it.

.
[This message was edited Mon Aug 16 16:19:34 2004 by lovemachine]

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:

I was not wrong. I'm not going to believe that someone's article was solid-as-a-rock fact. I don't believe everything I read.

He put out TMBGITW in '94 and reaped all the benefits from it. There's no way, with what he had to show for, that he was spending more than he made.

When he pre-sold 500,000 copies of Crystal Ball in '96, he went straight to the bank with our money. Just because Lovesexy and the combined record sales of Come, TBA, and TGE weren't very good in '89 and '95, he was no where near broke, or overspending.

I heard the rumors too and it's just not possible. But, we'll never see his books, so no point in taking it any further.

LovesexyIsThe1 said:

I wonder why he never paid for that fancy cane he gave to Oprah then?? Poor Oprah having to fight off the Repo man.

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:

Did you read the article closely or have you read the Forbes article from around the same time or read any of Per's work?

For the record there were around 80,000 pre-orders for Crystal Ball (remember they kept saying they weren't going to print until they 100,000) not 500,000 and he didn't see a dime of that money until 1998. Did you think that people actually paid money in advance for the set?

Also, TMBGIT world single didn't really make any money as Prince pretty much used a payola scheme to get the record into the top ten. Remember how they were selling them for as little as $.25 cents a piece at the NPG stores or how they still had enough of them left to give 40,000 of them away at the Mill City Music festival?

You make me laugh dude. Everyone but you is wrong