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Court documents show Michael Jackson was more than $500 million in debt at the time of his death

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At the time of his death on June 25, 2009, Michael Jackson was owed more than $500 million, based on recent court documents obtained by Michael Jackson. People Thursday.

The King of Pop, who died at the age of 50 from cardiac arrest, reportedly had “excessive spending habits” and was having to repay “an accumulating debt of $30 million a year,” People magazine reported, citing Los Angeles Times.

On the night of Jackson’s death, he rehearsed for six hours at the Staples Center for his upcoming “This Is It” residency at the 02 Arena in London. The “Beat It” singer reportedly underwent several “grueling” dress rehearsals in preparation for performances scheduled for July 2009 to March 2010.

When Jackson’s family sued AEG-Live for wrongful death in August 2013, auditor William R. Ackerman testified on behalf of the company, based on the LA Times. During his testimony in a downtown Los Angeles courtroom, Ackerman spoke about Jackson’s funds, revealing that the singer spent money on travel, gifts, furniture, art and charitable donations.

Michael Jackson performs on stage during the “HIStory” world tour on November 10, 1996 at Ericsson Stadium in Auckland, New Zealand. (Photo: Phil Walter/Getty Images)

“He spent a lot of money on jewelry,” Ackerman told jurors at the time. “He was exhausted.”

Jackson began racking up debt as early as 1993, based on the LA Times. By 1998, he reportedly owed $140 million, and Jackson’s debt grew by nearly $170 million between June 2001 and June 2009. Interest on Jackson’s loans rose during that time, starting from nearly 7% to 16.8% annually, based on Ackerman’s testimony.

This New York Times in 2006 reported that Jackson used his shares of the song catalog – which included songs by The Beatles – as collateral for nearly $270 million in Bank of America loans per person. said Randy Phillips, former CEO of AEG Live Rolling Stone that Jackson “wanted people to see his work, not just talk about his lifestyle.”

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“Michael was a very smart marketer,” Phillips said in a 2009 interview. “People say he was weak and manipulative, but he was powerful and manipulative. He was ready,” Phillips told the publication. “He desired to get his funds in order. He was able to stop living like a bum and calm down and make cash again.

Jackson’s estate was reportedly saddled with the late singer’s debt after his death. Concert promoter AEG was owed about $40 million, based on the estate’s petition, based on People , “and (there was) little hope of generating income from (Jackson’s) already heavily indebted assets.”

According to documents filed in March 2024, foreclosure attorney John Branca, A&R executive John McClain and their legal advisors Jonathan Steinsapir and Saul Ewing claimed the estate was on the verge of bankruptcy at the time of Jackson’s death. Michael Jackson’s net price is currently valued at over $2 billion, based on People magazine.

This article was originally published on : thegrio.com
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Natasha Rothwell Talks About Her Connection With Reesy Teesy’s Story ‘Who Did I Marry?’

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Natasha Rothwell Reesa Teesa, Natasha Rothwell Who TF did I Marry, Who TF Did I Marry on the TikTok show, Who TF did I marry Reesa Teesa theGrio.com

Natasha Rothwell is ready to tackle latest role as ‘Reesy Teesy’.

As theGrio previously reported, the actress is ready to star in a TV adaptation of the viral TikTok saga “Who TF did I Marry.” While fans reportedly envisioned her starring in a Hollywood adaptation of the viral 52-part series, Rothwell says producing the show was the final thing on her mind.

“I devoured it on the spot,” she said. People Magazine, recalling the primary time she watched videos on social media. “(I didn’t think) ‘Oh, how can I do this?’ I did, (but rather) ‘I want to do everything I can to help this woman get flowers,’ because it was the most vulnerable act of honesty (and) radical vulnerability I’ve ever seen.”

Earlier this yr, social media couldn’t stop talking about Tareasa “Reese Tees” Johnson and her compelling story about her marriage and divorce from the person she calls “Legion.” Sharing candidly the small print of her complicated marriage to “Legion,” who she says is a pathological liar, Johnson’s videos have racked up greater than six million views on social media. So Rothwell wasn’t surprised to see “very competitive” negotiations in Hollywood for Johnson’s story.

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But unlike other producers and executive directors, Rothwell had a singular vision for adapting Who Did I Marry?

“It wasn’t her trauma that interested me and[made me]want to throw my hat in the ring,” she explained. “It was her — who she is as a person, how she survived all of this — and the viral fame, how she survived that. I was like, ‘Oh, this is where I lean in.’”

Having spent nearly eight years developing her recently released Hulu show How to Die Alone , the actress and producer says she took the same approach in negotiations with Johnson. Ultimately, her “if it’s meant to be, it will be” attitude paid off when she was notified that the viral TikTok storyteller desired to work along with her.

“My team called me (and said), ‘She wants to work with you specifically. You saw her in the meeting. She felt seen. It wasn’t opportunistic,'” she added.

But just as Johnson felt seen, the How to Die Alone actress felt seen when the duo met for dinner earlier this month. Feeling like she had met her “twin,” Rothwell compared their interaction to being in a “mutual bubble of love where we just enjoy each other and understand each other and learn about each other.”

“I’m definitely looking forward to approaching her story in a 360-degree way, and not just… telling the story that we’ve all been consuming. I think it’s a lot more interesting than what happened to her,” she said, revealing that the series is “in its very early stages.”

This article was originally published on : thegrio.com
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Kanye West’s Wife Bianca Censori Ignores Kim Kardashian’s Demands, Goes Braless Around Rapper’s Kids

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Kanye West

Kanye West’s wife Bianca Censori is choosing revealing and skimpy outfits despite being warned to be moderate in her wardrobe selections when round her husband’s children.

The couple have been spotted in Japan and China in recent weeks, sometimes with the rapper’s 4 children on board. West has daughters North, 11, and Chicago, 6, and sons Saint, 8, and Psalm, 5, with ex-wife Kim Kardashian.

The former couple divorced after a lengthy process that dragged on until November 2022 after Kim filed in 2021. They were married for seven years amid rumors of marital tensions dating back to 2016. The “Can’t Tell Me Nothing” rapper married Australian-born Censori in a personal ceremony in December 2022, although an official marriage certificate has yet to be released.

Kanye West's Wife Doesn't Wear a Bra
Kanye West’s wife goes braless during a family outing with the rapper’s sons, despite strict rules imposed by his ex-wife. (Photo: Rachpoot/Bauer-Griffin/GC Images)

On Thursday, September 19, the couple and their sons were spotted shopping in Tokyo. The Yeezy’s Architecture boss wore a nude top, sans bra, and a pair of gray capri leggings.

When the recordings and photos from the trip appeared on the web, one person he tweeted“Very rude to Japanese culture. Disappointing from Ye. Japanese culture is all about manners! He has nothing terrible to do in front of his children. How will he feel when North dresses like that?”

Censori, 29, has been accused of being her husband’s fashion muse, very similar to the SKIMS businesswoman once was. But despite claims that the 2 women have a cordial relationship, there have been rumors that Kardashian disapproves of Censori’s risqué clothing.

According to a report in February, an alleged insider claimed that “Kim instructed Kanye to never let Bianca dress like that in front of their children.” Daily mail“She’s really surprised Kanye let his wife leave the house in that condition,” a source told the tabloid.

“Kanye did the same thing he did with Bianca, with Kim throughout their marriage. The difference is that when Kanye dressed Kim, he was respected as a person, as an artist,” they continued.

While West is usually seen in black sweatpants and hoodies, Censori is never seen together with her butt, chest, and other body parts hidden from view. “Sheer clothing is silly at best, like Bianca Censori is hot, but she usually looks like someone’s idea of ​​a joke,” we read. criticism her fashion selections.

Similarly, while watching the Tokyo shopping trip, a post comparing Censori and Kardashian’s love of skintight outfits began circulating. “Are they both in a costume contest, I wish they could model something else,” we read tweet.

The post shows each women wearing white leggings (Censori wore lace leggings) and a white bodysuit, which caught the eye of onlookers who noted her cleavage.

However, amid accusations that the Keeping Up with the Kardashians star was copying and controlling West, stylist Laura Beham revealed that every outfit is a piece of Censori’s own imagination.

“Bianca knows exactly what she would wear and we execute, bringing the vision to life,” Beham said. Complex in March. She also noted that “Bianca wouldn’t wear anything on the street if she didn’t want to. … It’s shocking to people, but innovation is always shocking at first.”

Censori is not afraid to point out off his daring outfit selections, but some are hoping he’ll make higher decisions within the presence of the rapper’s family, his friends, and even his circle of relatives.


This article was originally published on : atlantablackstar.com
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On Rapsody’s “Loose Rocks” and the Remorse of an Alzheimer’s Survivor — Andscape

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September 13 on ESPN was mine “Rhapsody moment.” Talking about my mother, who has Alzheimer’s, on national television for the first time was cathartic. It was also directly inspired by the North Carolina MC and her song “Loose rocks”, which deals with dementia, a form of Alzheimer’s disease.

Rhapsody said that “(allowing) myself to be human” was a brand new, out-of-body experience on her deeply personal recent album, y. But the quaver in her voice on this song was all too familiar.

“,” she told her Aunt Dale, whom she calls her “second mother” in the song.

“I remember when I was myself,” my mother told me last week. “I just don’t know how to be myself.”

As we have fun World Alzheimer’s Day, the emotions expressed in these two quotes are part of my life story.

On “Loose Rocks,” the Snow Hill, North Carolina native peels back the layers of her aunt Dale’s dementia diagnosis. “She raps, ‘In the hundreds of conversations I’ve had with my mother since her diagnosis, this is her greatest fear. She forgets a lot these days, but she doesn’t forget the things she’s most afraid of losing. There will come a day when she doesn’t recognize who I am. When she doesn’t remember everything we’ve been through as a parent and a child. But most importantly, when she doesn’t remember the grandchildren and daughter-in-law she’s always prayed for. It’s hard to know what to say when these conversations come up, and honestly, I haven’t figured it out yet. I don’t know if I ever will, because how do you tell the person in charge of your life that the very essence of who they are won’t be a memory? They’ll never know they ever existed.’”

“Loose Rocks” isn’t an exact replica of my life. But the anger, sadness, and fear expressed in the song are only as palpable. At some point in the past two years, becoming a parent, essentially my mother, became an inevitable part of my life. Paying bills, scheduling doctor’s appointments, filing taxes, talking to lawyers to rearrange wills—it’s hard to assume all of that becoming a component of life. And yet, it’s even harder to assume life without it.

She was diagnosed with Alzheimer’s a couple of days before Christmas last 12 months, and symptoms began appearing no less than two years earlier. The consensus I’ve gotten from countless individuals who have reached out to me since this piece is that their family members have lived with the disease for 4 to seven years. How much time do I even have left with my mother? How do I prepare for the emotional burden when it inevitably gets worse? How do I live in a moment after I can’t stop serious about the whole thing? And what did she do to deserve this? These are only a snapshot of the questions that paralyze me day by day.

My mother’s stroke and automotive accident were clear signs. I’ll all the time imagine that the quarantine and the coronavirus pandemic did irreversible damage. She kept saying, “I feel different.” Or, “Something is wrong. I just don’t know what.” A natural extrovert, she was forced into isolation. That isolation modified the woman who raised me. Physically, it’s still there. But looking into her eyes, you may see it is a woman fighting to carry on to the pride that made her who she was — but it surely’s a disease that feeds on itself, emotionally crippling her patients and family members. She can still do some tasks on her own, and her commitment to, as she says, “beating this thing” is inspiring. Her indecision is painful now. Her confidence sometimes ebbs and flows by the hour. We communicate day by day via FaceTime, phone calls, and texts. But seeing her misspelled words, especially after spending her life as a teacher, creates a burden that may’t be ignored. The image of him sitting at the kitchen table practicing writing along with his left hand is burned into my brain. Writing with the “non-active” hand helps with cognitive function, or so the doctors tell us.

My parents divorced in 1988, and from there my mother and I moved to my grandmother’s house in central Virginia. They have lived together ever since. At 93, my grandmother, who resides with breast cancer, is quick to inform me that she doesn’t have one other 93 years ahead of her. She recently returned from the hospital after a gentle stroke that she doesn’t remember. My grandmother continuously jogs my memory about the checking account she arrange that may pay for her funeral and burial costs, and “whatever is left, you’ll make the best decision.”

Like RhapsodyMy father and I never had a relationship. I wore our lack of connection almost like a badge of honor. The feeling was greater than mutual, if he didn’t need a relationship with me. Lately, though, I felt offended and resentful.

My mother all the time tells me she’s afraid of being alone. In the future, I’ll sell the house I grew up in and move her into an assisted living facility. I’m wondering what that may do to her Alzheimer’s. Will it speed it up? Will it slow it down? But the query I ask most frequently is pointless. Why did my father’s actions a long time ago ultimately leave my mother alone in a spot she doesn’t know?

The questions we cannot answer are the most difficult.

2023 study by the University of Exeter and King’s College London examined the impact of the pandemic on the brain health of people over the age of 50. Published in the journal, the study found that older people’s memory deteriorated significantly in the first 12 months of the pandemic (and even after quarantine), regardless of whether or not they had contracted the virus. The study found that cognitive decline was exacerbated by aspects reminiscent of loneliness and depression.

During the pandemic, my mother continuously spoke about how lonely she felt and how often she cried about not having the ability to see her family. As an outgoing and extroverted one who was all the time shuttling between Washington, D.C., Virginia, and wherever her beloved South Carolina State Bulldogs were playing football, the change in lifestyle during the lockdown did irreversible damage to my mother.

The most crippling reality of Alzheimer’s/dementia is the stripping away of an individual’s dignity. The person isn’t who they’re or who they may eventually change into. My mother struggles to take care of the independence she has proudly carried throughout my life. But the effects are visible. In the same conversation where she asks the same query five times in five minutes—like when her next therapist appointment is, or when my daughter’s birthday is so she will write it down on her phone—she may offer you the lyrics to her favorite Luther Vandross song or anything related to her college alumni chapter.

Karen Marshall and her grandson Huey visit the Children’s Museum of Richmond in Virginia.

Justin Tinsley

I took her and my son to the Children’s Museum of Richmond this summer. She did nothing but push a stroller while her grandson played with toys, but the joy in her eyes jogged my memory of the woman I’ve all the time loved. As we drove home, she said, “Thank you for making me feel like a real grandma today. I needed this more than you know. I know I won’t get to do it again, so I appreciate it.” That positivity didn’t fade even when she got a phone call a short time later and was told she needed a checkup for her surgery the week before. In that moment, all she wanted was the peace she’d spent years trying to find. Alzheimer’s would eventually rob her of that feeling, but not then. That smile on her face is something I’ll always remember.

What is so bad is how Alzheimer’s takes away time. This stress has affected every part of my life, including marriage and parenting. The conversation with my friend on Wednesday might have been God speaking through her.

“Justin, knowing what I know about your personality, you can’t be everyone’s Superman,” she told me. “You’ll break down and it’ll take years to get back on your feet. You can’t afford that luxury with kids. Or marriage. Because they remember you the way they remember you.”

In a world dominated by Alzheimer’s, being here and now is difficult because I’m clinging to the past. The woman she was once. The relationship we had before all the things turned the other way up. The life she fantasized about but never knew. But it isn’t fair. Not to me, my children, my wife, and even my mother. What matters is the future. I can not lose my mother and family to Alzheimer’s. She would never forgive me for that.

I still have not come to terms together with her diagnosis and there is a likelihood I never will. Her love stays the same, but I see that the disease is already taking away the one one who has known me longer than I even have known myself.

Every day, every hour, with one and all, this type of emotional theft is depressingly fruitful. Money is all the time needed, but somewhere along the way we realize that experiences are the strongest currency. Experiences create memories, and that’s all we will take with us.

It’s hard to say whether “Loose Rocks” will likely be the best song of 2024. But I can say that there probably won’t be a more essential song to me. This song makes me take into consideration what was, what’s now, and what could occur in the next few years. I could never have imagined a world where my mother couldn’t be the grandmother she all the time embodied, and that’s a reality I struggle with each day. In life, we control the things we will control and let all the things else play out the way it does. I can’t control my mother’s Alzheimer’s the same way Rapsody can’t control her aunt’s dementia. “Loose Rocks” isn’t only a painful song. It’s a stupendous song. But it’s also a reminder of responsibility and blessings.

If we’re lucky, we will see our parents get older. Visits mean more, and phone calls change into ornaments that we supply with us for the rest of our lives. Nothing in life is fair or free, because even happiness has its price.

Cover notes

Justin Tinsley is a senior culture author at Andscape. He believes that “Cash Money Records takin’ ova for da ’99 and da 2000” is the most influential statement of his generation.


This article was originally published on : andscape.com
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