Most entrepreneurs are very alone.

[Jahbarri]

He was exploited by many people. He died broke and in debt.

He was a silent billionaire with his 50% ownership holdings in SONY MUSIC

 

[DrX]

yup its ;lonely and can drive u crazy at times .....but fukk....indie life is for a certain type of personality, ....u gotta roll the dice, but i wouldn't have it any other way...the freedom, the fire, the passion are amazing feelings....those are things the avg person will ever feel

 

[Jammer22]

He was a silent billionaire with his 50% ownership holdings in SONY MUSIC

I know where people getting it from too. Don't let the media fool ya. A lot of his money wasn't liquid but was tied up in business. That's what the media assassins meant by "broke or "bankrupt".


That tampering with his will that dikk Greggory mentioned tho.

 

[Unknown Poster]

There are no geniuses in tech or finance

Juts stolen ideas that were always there

I can agree with you here.

 

[Unknown Poster]

MJ was running through money I don't even think he was saving like that for his future children he would just walk in the mall and point to shyt. He has no concept of money

He knew enough to buy the Beatles catalog though.

 

[Mess World]

He was a silent billionaire with his 50% ownership holdings in SONY MUSIC

How when they tried to repossess never never land

MJ was in debt

 

[Another Man]

He was a silent billionaire with his 50% ownership holdings in SONY MUSIC

No shyt, but dude was horrible with money breh, he'd spend it as soon as he got it. He'd make a lot of major fukking purchases on a whim. Being a billionaire doesn't mean unlimited money

 

[MalikReloaded]

Exactly... entrepreneurs never really sleep until their business is really taken off, but even then they still working to keep the business at the top

i'm trying to get to that point

i just realized fairly recently that multi-tasking is the devil. alot of people think they're good at it but, you really just end up being mediocre at alot of things. you're supposed to just focus on one thing and succeed in that area before moving onto the next instead of having your hands in a million pots.

 

[MalikReloaded]

He was a silent billionaire with his 50% ownership holdings in SONY MUSIC

Nikka....Michael was HORRIBLE with money.

The only savvy thing he did was buy the Beatles catalog. Mike was millions in debt at the time of his death. After he died, alot of his assets were sold off and as usual, whenever an artist dies the sales of their merchandise spike up.

Michael's Financial Problems And Death

Despite earning hundreds of millions of dollars from music sales, publishing, merchandise touring and more during his lifetime, shockingly by the time Michael died in 2009 he was roughly $500 million in debt. As money poured in during his life, much more poured right out. Michael's lavish lifestyle cost as much as $50 million per year just to maintain. He spent $12 million to pay off his baby-momma Debbie Rowe, another $20 million settling a child molestation case, plus tens of millions more on lawyers. He also spent $19.5 million to buy Neverland Ranch, which cost $10 million per year to maintain, then spent $35 million remodeling the compound into his own private mini-Disneyland. Not to mention the countless millions he spent on Bentleys, antiques, art, clothes, chimpanzees, diamond-encrusted gloves and other trinkets. Michael also wasted between $50 and $100 million on failed movie and music projects. Combine all this with the fact that his music sales and popularity cooled in the late 1990s, and you can start to understand how by the year 2000, Michael was flat broke.

In order to continue funding his lavish lifestyle, Michael took out a $380 million loan with Bank of America using his stake in Sony/ATV as collateral. The interest on that loan ran into the tens of millions each year. Incredibly, within a few years Michael had managed to blow through the entire $380 million loan plus an additional $120 million. In other words, by the time he died in 2009, Michael was technically $500 million in debt.

Immediately after Michael died on June 25, 2009, his lawyers and accountants went to work to protect his estate. Their ultimate goal was to pay back all of Michael's debts in order to preserve his diverse business empire. The lawyers quickly sold Michael's future music rights to Sony for $250 million. They then helped produce the film This Is It, which would eventually reap $500 million at the box office. Next, they signed licensing deals with Pepsi and Cirque du Soleil that would allow those companies to use Michael's image and music in various promotions and shows.

Incredibly, since Michael Jackson died in 2009, his estate, led by John Branca himself, has brought in over $600 million in revenue! That's more than any other living artist in that same time frame. His executors have easily paid back 100% of his debts and have secured the future of his billion-dollar music catalogue. Michael's will left 40% of his assets to his three children, 20% to charity and another 40% to his mother Katherine. Once Katherine dies, her 40% goes to the kids, giving them 80%.

So what's the lesson here? If you find a way to make a ton of money investing in song publishing rights, don't tell your friends about it!
Click to expand...

 

[Prince Mongo]

Whatever makes you feel happier as an employee ass nikka. Ik I ain't tryna work for someone else my entire life. Rather be successful and "lonely" than broke and content

 

[MalikReloaded]

Whatever makes you feel happier as an employee ass nikka. Ik I ain't tryna work for someone else my entire life. Rather be successful and "lonely" than broke and content

Don't disrespect employees.

If you grow your business, you will have to hire employees to help you run it. Calling them broke and content isn't really a good way to incentivize company loyalty Most people can't deal with the risk of going without a paycheck, putting up their own money and dealing with criticism if their venture fails. Doesn't make them bad people. Everybody can't be business owners.

 

[Another Man]

Don't disrespect employees.

If you grow your business, you will have to hire employees to help you run it. Calling them broke and content isn't really a good way to incentivize company loyalty Most people can't deal with the risk of going without a paycheck, putting up their own money and dealing with criticism if their venture fails. Doesn't make them bad people. Everybody can't be business owners.

This. Dude obviously has no idea who capitalism actually works. Few are successful entrepreneurs, most will be employees. It's easy for ppl to just sit and say "I'm gonna start a business so I can be my own boss!", but they don't realize the risks and sacrifices entailed in getting there. If you are still living paycheck to paycheck while chasing a social life/p*ssy, then there is no way you're gonna have a successful business because you won't have the time nor money to invest.

 

[DrX]

Whatever makes you feel happier as an employee ass nikka. Ik I ain't tryna work for someone else my entire life. Rather be successful and "lonely" than broke and content

Word

 

[Prince Mongo]

Don't disrespect employees.

If you grow your business, you will have to hire employees to help you run it. Calling them broke and content isn't really a good way to incentivize company loyalty Most people can't deal with the risk of going without a paycheck, putting up their own money and dealing with criticism if their venture fails. Doesn't make them bad people. Everybody can't be business owners.

Yeah and those motherfukkers are called expendable. Nobody said they're bad

This. Dude obviously has no idea who capitalism actually works. Few are successful entrepreneurs, most will be employees. It's easy for ppl to just sit and say "I'm gonna start a business so I can be my own boss!", but they don't realize the risks and sacrifices entailed in getting there. If you are still living paycheck to paycheck while chasing a social life/p*ssy, then there is no way you're gonna have a successful business because you won't have the time nor money to invest.

Mane you sound dumb. How tf you gone say a nikka can't have a social life and and become a successful entrepreneur? That loser ass mentality you have makes you the exact motherfukker y'all are talking about who wont make shyt in life. My mother and my uncle have there own businesses, I've probably seen a lot more of that side of life than you. All of my nikkas do music or entertainment, we're entrepreneurs. Regardless, reread your post and tell me it doesn't sound like you said some real bum ass nikka shyt. If you don't see what's wrong, you have a self-defeatist personality and are therefore meant to be the working-man and never a boss

 

[SeveroDrgnfli]

Figured this, tortured soul types. Plus intjs and the people with the personality types to do these kinds of things are 1% they probably don't have many they can relate to I guess.

Im INTJ I started my own business because I really can't work with other people unless I'm the boss. I got a job to pay for school and it's reminding me how much I prefer to be alone and work alone. I don't get sad being alone. I get shyt done efficiently.

I'm always planning something and I hate when people derail my plans, interrupt my train of thought, or don't see my vision. It really pisses me off. I'm impatient. I think to myself often, "this is taking too long I could do this myself." I shop on stores light at night so I don't have to deal with people. I can be extroverted if it benefits me, but I prefer to be alone or with other loaners. We find each other.

I dunno if my soul is tortured. I get that vibe from people when they talk to me about me. Also, I don't like talking to people about me or anything I care about because they don't understand my position. It's maddening. I have one person I consider my friend. We don't say much because we both what the other thinking because we're so similar. It nice to be understood. I really don't want to be rich. I just want the credit and admittance that my planning and manangement skills are very exceptional. I'd say super human. But nikkas catch feelings when they hear someone say they're good at anything.

Most people are too simple minded. They work and go to sleep. I had two full time jobs at one point and I was growing my business. Everybody hated, still do, even when I started hiring people and quit my job. People hated. Six years and over 40 regular clients later I decided to shut it down. Go to school then reopen shop. Of course nikkas doubt me like I haven't done more with less already.

I was a fantastic coach. I only quit because the league owed me thousands of dollars and I was expecting a baby. They were making 300 a player to get coached by me. I had two teams of 14. One was undefeated for one season and the other was consistently getting second in gold and premiere league soccer tournaments.

My brain is constantly scheming. I had to take sleeping pills because I'd be up for days thinking or planning something. I write all my thoughts down to organize them because when I settle on a plan it's going to work because I weighed all the variables. Even the unforseen ones. I consider myself a mastermind.