Was Mike really hurting for money or did he have an "Ace in the Hole'

There were all kind of thoughts about who the late great Michael Jackson was. He was said to be a genius and one of the biggest selling entertainer's in the world. But, through the course of his final years it was said that he had accumulated a debt of $300 to $500 million dollars. With this said, people lost focus on the reality of this genius. No matter what people thought about Michael they never thought that a great star can always have a great back up plan.

It was discovered that Michael Jackson's legacy will always live on because he ended up investing in himself and what he loved the most. Michael Jackson had a 50% percent stake in Sony/ ATV Music Publishing which has an entire fleet of top selling artist. In the mid 80's the founder of ATV Music Publishing Sir Lew Grade was having money difficulty's and ended up selling ATV Music and another Record company (Pye Recordings) to an Australian (billionaire) businessman, "Robert Holmes à Court". In 1985 Robert ended up selling these two company's to Michael Jackson for approximately $47.5 million dollars. Sony merged with ATV Publishing in 1995 and made a big impact on making this company the third biggest music publishing company in the world.

To this day Michael made an investment in this company for millions and ended commanding a networth of $2 billion dollars in assets. His biggest claim of business is having ownership in the Beatles catalogs, Neil Diamond and many more major artist. Even some of the artist of today establishes Sony/ATV as a musical cash cow. As of 2009 Sony/ ATV owns over 500,000 copyrights. So, Michael ended up gaining more then losing. I like that nowadays other artist are following in his footsteps and owning things. While Jay Z was running Def Jam he pulled a powermove decision to get his masters and own them. Even though it seems difficult he took his executive power and ended up making it work for him. The same with 50 Cent who has invested in his own products, "Vitamin water" which was a semi-struggling company until 50 Cent invested 10% percent of his money into the company. Coca Cola bought the company for $4.1 billion dollars and the rest is history. So the moral of this story is know someone before you judge them and just try to invest into yourself sometime's.

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