The “old man” of rock said that his eight children do not need the money
80-year-old Mick Jagger hinted that his share of the Rolling Stones back catalog will be given to charity and not to his children.
The rock legend said his eight children “don’t need $500m (£400m) to live on”, so it seems he’s found another way to give away his fortune. In an interview with The Wall Street Journal, he said that by leaving the money to a charity he could “do something good in the world”.
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All the members of the Rolling Stones band were forced to learn how to handle themselves financially after they faced serious problems with property rights. They still don’t own the rights to their pre-1971 catalog, which includes many of their biggest singles, such as ‘Satisfaction’, ‘Paint it Black’ and ‘Jumpin Jack Flash’.
The band hired accountant Allen Klein to “house” their finances in the 1960s. Klein had worked with the Beatles and the Kinks and negotiated a lucrative deal for the Stones with Decca, but when their partnership ended he managed to retain ownership of their catalog for the years he managed them – from 1965 to 1970.
Other music stars have sold the rights to their work in recent years, including Bruce Springsteen, Paul Simon and Sting. No decisions have been made on the legendary band’s roster. If Mick Jagger’s daughter Georgia May, 31, a successful model, was troubled by her father’s comments, she didn’t show it as she had fun at Paris Fashion Week with her mother, Jerry Hall.
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And the “old man” of rock may be worried about what will happen to his money when he “departs” from life, but he recently stated that the band’s music can live much longer… In fact, he referred to the rise of technology of Artificial Intelligence in the music industry.
Mick Jagger has discussed the possibility of a “posthumous tour” with AI avatars portraying him and the rest of the band on stage. Referring to Abba’s success, he told the WSJ: “You can have a posthumous business now, can’t you? You can do a posthumous tour.”
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The Rolling Stones – made up of Mick Jagger, Keith Richards and Ronnie Wood – are releasing their first album of new material in 18 years and their first since the death of Charlie Watts.
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Source :Skai
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