Famous Musician Bankruptcies (Yahoo)

[michelej1]

"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.