George's finances

by **Chris Speers** » Sat Nov 30, 2002 12:11 am

Seeing how much George's estate was at the end - it's nearly criminal that his finances were as small as they were when you take into account the monies from Beatles #1, anthologies cd-books, back catologue, and other sources of revenue. He didn't die uncomfortable for sure but man - his finances had to be almost nothing before the Beatle boom in the mid 90's.

George's financial problems back in the early 1990's were real. His film company liabilities must have been covered personally by him as rumoured. What a shame. As we say, musicians should not bankroll films like Shanghai Surprise and some of the other bombs he made in the late 80's. It's sad - really - that a trusted member of George's inner circle burned him.

Compared to other musicians and other members of rock n roll groups (Stones, Who, Queen), George had to be practically insolvent in the early 1990's before the anthology books and film and CD"s came about. His estate, while huge to you or me, was very small compared to Macca's nearly 1.3 billion dollar total (Most of it due to Paul's keen eye for top people like the Eastmans, MPL, type flight negotations with capitol) and when compared GH's estate with other similar musicans Jagger, Queen, Dave Clarke (a rich man), etc. It's sad.

While we know GH never lived in the material world, we know this. But, GH was also complex about many things. This is the same guy who wrote tax-man and the same guy who always was the one ex-Beatle who really was sharp in making sure he wasn't being ripped off.

It's sad that GH didn't have good financial people working for him. To pay 40% tax on his estate means he didn't even set up a trust to deal with the tax and that's a shame -

It just goes to show you that organization and management and finance people are so essential and important for an artist.

Not that Dhani and Olivia ever have to worry - It's just sad to see an artist like GH come up short when it comes to money that is deservedly his - I mean the Beatle money only created the "Capitol Tower" that now is landmark in LA and it's Beatle music that saved EMI from practical bankruptcy. SAD[V]

by **Chris Speers** » Sat Nov 30, 2002 12:11 am

Seeing how much George's estate was at the end - it's nearly criminal that his finances were as small as they were when you take into account the monies from Beatles #1, anthologies cd-books, back catologue, and other sources of revenue. He didn't die uncomfortable for sure but man - his finances had to be almost nothing before the Beatle boom in the mid 90's.

George's financial problems back in the early 1990's were real. His film company liabilities must have been covered personally by him as rumoured. What a shame. As we say, musicians should not bankroll films like Shanghai Surprise and some of the other bombs he made in the late 80's. It's sad - really - that a trusted member of George's inner circle burned him.

Compared to other musicians and other members of rock n roll groups (Stones, Who, Queen), George had to be practically insolvent in the early 1990's before the anthology books and film and CD"s came about. His estate, while huge to you or me, was very small compared to Macca's nearly 1.3 billion dollar total (Most of it due to Paul's keen eye for top people like the Eastmans, MPL, type flight negotations with capitol) and when compared GH's estate with other similar musicans Jagger, Queen, Dave Clarke (a rich man), etc. It's sad.

While we know GH never lived in the material world, we know this. But, GH was also complex about many things. This is the same guy who wrote tax-man and the same guy who always was the one ex-Beatle who really was sharp in making sure he wasn't being ripped off.

It's sad that GH didn't have good financial people working for him. To pay 40% tax on his estate means he didn't even set up a trust to deal with the tax and that's a shame -

It just goes to show you that organization and management and finance people are so essential and important for an artist.

Not that Dhani and Olivia ever have to worry - It's just sad to see an artist like GH come up short when it comes to money that is deservedly his - I mean the Beatle money only created the "Capitol Tower" that now is landmark in LA and it's Beatle music that saved EMI from practical bankruptcy. SAD[V]

by **Steve-o** » Tue Jan 07, 2003 4:17 pm

Scotch

by **Brains** » Wed Jan 08, 2003 7:12 am

GH drank so much scotch he went bankrupt?[:o)]

by **dsnito** » Thu Jan 16, 2003 8:53 am

If that was so, he should had difficulties to even pay the taxes on his Friar's Park Mansion(the "Crackerbox Palace"),his gorgeous property... Curiously, he was the most succesful former Beatle soon after the Fab's break up, with his big hit single "My Sweet Lord" and the triple album "ATMP"... but he never reached the same success on the following years...Almost all of the fortune he got in his solo career was for that period I think, but he "burned" much of that for his "cinematographic adventures", unfortunately...

Peace.

by **Gastro (gone)** » Tue Sep 02, 2003 12:12 am

He lived his life the way he wanted and that's what counts in the end.

by **Berkeleyan** » Tue Sep 02, 2003 7:05 am

His family and the next generations of Harrisons are well provided for
and the upcoming remasters may generate a large load of dough...but you're right, he was truthful to himself and his beliefs until the end and had a great life. His next one should be amazing as well [:)]