Celebrities, Debt | featured news

I will never forget the moment that my soon-to-be ex-husband and I sat in our mediator’s office as he illustrated our finances on a chalkboard. “There really aren’t any assets,” he told us. But there was $4 million of debt—from bad investments, lawsuits and failed business deals that I knew nothing about.

Michael Jackson’s business life, like his public life, was a perplexing mass of contradictions, and his personal finances, at least in recent years, were perpetually in tatters.