Michael Jackson – Our Key Learnings
Welcome to our blog!
Before we share our takeaways, learnings, here is a brief about Michael Jackson:
Michael Jackson (1958-2009) was an American singer, songwriter, and dancer who is widely regarded as one of the greatest musicians of all time. He began his career as a child in the Group “The Jackson 5” before achieving global success as a solo artist with hit albums such as Thriller, Bad, and Dangerous.
Jackson’s music and dance style were highly influential and helped to shape popular music culture. He was also known for his humanitarian work and philanthropy.
As per Forbes, his total career pretax earnings, in life and in death, adjusted for inflation is $4.2 billion (Rs. 34,440 Crores). The King of Pop’s inflation-adjusted earnings since his death in 2009 is $2.1 billion and still counting (Rs. 17,220 Crores plus)
Despite his success, Jackson was dogged by controversies surrounding his personal life and health, and he passed away in 2009, at the age of 50.
Our Personal Takeaways:
1) MJ passed away with a debt of USD $500 million which is Rs.4100 Crores in spite of earning EIGHT time more
2) He is a great example for Royalty income – As per NZ Herald, his earned income post death is USD 3.2 Billion
3) Financial literacy is crucial for long-term sustainability, regardless of the amount of money one earns.
We have summarized the learnings in a two minute video – and here is the link – https://bit.ly/r3MJack
Our Key Learnings:
It is not only about earning money but it is also about
- How you are going to spend it
- How you’re going to distribute it
- How you’re going to protect the wealth
- How you’re going to multiply it
One of his famous quote “If you wanna make the world a better place, take a look at yourself, then make that change.”
Happy Learning & Investing!!
Image courtesy: Guidepost, A-Z Quotes
