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Post by John S. Damm on Aug 30, 2012 21:19:30 GMT -5
Ringo is said to be the richest drummer! music.msn.com/music/article.aspx?news=754433He is said to be worth $300 million. Hurray for Anthology, hurray for 1 and hurray for the remasters! Remember in the mid-1980's Ringo was broke, doing those stupid Pizza Hut commercials with likewise broke ex-Monkees and worse yet the wine cooler ads(he was an alcoholic too). I remember reading in the pre-YouTube era that there was a tape of Paul(either from a telephone conversation or in-person) complaining bitterly that Ringo always was hitting him up for money. Does anyone remember that story too? Is the tape now on YouTube? I don't want to burst everyone's bubbles but Howard Sounes writes in his book Fab that the only reason the three made FAAB and RL was that George and Ringo were absolutely broke and desperately needed the cash! They needed to create a buzz for the Anthology film and albums There was no independent desire to make music with each other and it was all about $$$. After "Real Love," George said screw anymore Threetle recordings and Paul was really annoyed because he was having fun(despite George clearly being difficult and often rude to Paul every step of the way in Anthology) and agreed to all of it to help George raise much needed money after George's bad investments and thefts from his own manager left him on the brink of bankruptcy. Ringo was hurting too financially as he basically drove his solo career into the toilet. Anyway, it is good to see that Ringo is now apparently more than secure financially!
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Post by Deleted on Aug 31, 2012 6:46:15 GMT -5
I'm sure George thanks Paul for everything..
Only Paul could cure bankruptcy....
I wonder if Paul can cure decline.......
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Post by vectisfabber on Aug 31, 2012 7:12:54 GMT -5
I wonder if Paul can cure decline....... Decline have died (de one time managing director ob Apple).
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Post by Panther on Apr 26, 2013 3:27:26 GMT -5
I would find it very hard to believe that George Harrison was near bankruptcy in the late 80s.
Certainly it's conceivable that he lost money on investments, declining recording/touring activities, and so on, but I can't see how it's remotely possible that he was almost broke, unless we're talking "broke" in terms of a multi-millionaire.
Even before Cloud 9 (which must have lined his pockets), he had been earning royalties on 'Something', 'For You Blue', 'What is Life', and all the Beatle and solo albums for up to two decades. Even when you factor in the money he lost on the "My Sweet Lord" fiasco and what he paid for the Monty Python films, I can't really see how he could possibly have been near broke.
With Ringo, it's a bit more conceivable in that he would have been earning low royalties and had virtually no record sales, not to mention being a jet-setting alcoholic.
But don't get me wrong -- I'm under no illusions about George's capitulation to the Anthology project. I'm sure he didn't agree to do it in principle.
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Post by John S. Damm on Apr 26, 2013 11:16:46 GMT -5
I would find it very hard to believe that George Harrison was near bankruptcy in the late 80s. Certainly it's conceivable that he lost money on investments, declining recording/touring activities, and so on, but I can't see how it's remotely possible that he was almost broke, unless we're talking "broke" in terms of a multi-millionaire. Even before Cloud 9 (which must have lined his pockets), he had been earning royalties on 'Something', 'For You Blue', 'What is Life', and all the Beatle and solo albums for up to two decades. Even when you factor in the money he lost on the "My Sweet Lord" fiasco and what he paid for the Monty Python films, I can't really see how he could possibly have been near broke. With Ringo, it's a bit more conceivable in that he would have been earning low royalties and had virtually no record sales, not to mention being a jet-setting alcoholic. But don't get me wrong -- I'm under no illusions about George's capitulation to the Anthology project. I'm sure he didn't agree to do it in principle. Panther, the story goes that his business manager ripped him off on a large scale. It was so bad that he almost had to sell Friar Park it was said at the time. That could be all BS for sure but the Sounes book reports the same thing I remember reading in the press back then. George wasn't touring except Japan and I bet that was for quick cash because it has never been satisfactorily explained why George would suddenly do something he hated doing, Clapton or no Clapton. Don't artist today make their big money on touring as opposed to album sales? I'll see what I can find.
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Post by John S. Damm on Apr 26, 2013 11:23:18 GMT -5
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Post by John S. Damm on Apr 26, 2013 11:33:51 GMT -5
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Post by Panther on Apr 27, 2013 9:39:59 GMT -5
Thanks, John. The Independent article is good.
I doubt George was anywhere near 'broke', but it's clear that he had some financial stresses. There were clearly some financial problems in the early 90s.
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