Maria MJ
Proud Member
Here's another insightful article that deserves our positive comments. I'm glad to see that some media outlets are beginning to appreciate the value of truthfulness and journalistic integrity. We need to appraise and endorse this tendency as much as we can.
Michael Jackson: Secret Business Genius?
Jan. 25 2011
By ZACK O'MALLEY GREENBURG
Michael Jackson: Getting down to business.
In 2010 Michael Jackson earned $275 million — more than Beyoncé, Lady Gaga, Madonna and Jay-Z combined — despite the fact that he was no longer alive.
Though much of that total can be attributed to the swell of nostalgia that boosted sales of all things Michael in the months following the King of Pop’s death, a sizable part is the product of his underrated business acumen.
To be sure, Jackson’s spending habits could put a Russian oligarch to shame. He blew the profits from sales of 750 million records on extravagances ranging from $10,000-a-night hotel stays to the construction and upkeep of his sprawling Neverland Ranch. Keeping money was not one of Jackson’s strong suits. But piling up stacks of it — and finding unusual ways to ensure that more would follow — was one of his many talents.
Read the entire article here:
http://blogs.forbes.com/zackomalley...ackson-secret-business-genius-music-business/
The comments following the article are very powerful and well documented. Definitely worth reading as well.
Michael Jackson: Secret Business Genius?
Jan. 25 2011
By ZACK O'MALLEY GREENBURG
Michael Jackson: Getting down to business.
In 2010 Michael Jackson earned $275 million — more than Beyoncé, Lady Gaga, Madonna and Jay-Z combined — despite the fact that he was no longer alive.
Though much of that total can be attributed to the swell of nostalgia that boosted sales of all things Michael in the months following the King of Pop’s death, a sizable part is the product of his underrated business acumen.
To be sure, Jackson’s spending habits could put a Russian oligarch to shame. He blew the profits from sales of 750 million records on extravagances ranging from $10,000-a-night hotel stays to the construction and upkeep of his sprawling Neverland Ranch. Keeping money was not one of Jackson’s strong suits. But piling up stacks of it — and finding unusual ways to ensure that more would follow — was one of his many talents.
Read the entire article here:
http://blogs.forbes.com/zackomalley...ackson-secret-business-genius-music-business/
The comments following the article are very powerful and well documented. Definitely worth reading as well.
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