2023-10-01 07:09:06
Rolling Stones frontman Mick Jagger says he would donate his large inheritance to charity and not to his children.
The eccentricity of the legendary vocalist of the Rolling Stones, Mick Jagger, goes beyond his behavior on stage, since his ways of thinking also break molds and continue to amaze the world. This time, he has apparently come up with another way to donate his money. The 80-year-old rocker hinted that part of the Rolling Stones’ music catalog will go to charity rather than being passed down to his children when he dies.
In the midst of preparing to release a new album with the Rolling Stones, the veteran musician was questioned regarding his heritage in an interview with The Wall Street Journal. He assured that if he one day sells his share of the exploitation rights to the Rolling Stones song catalog, the money he earns will not be an inheritance for his children, but will go to charity.
“My children don’t need $500 million to live,” said the ‘Satisfaction’ singer, arguing that donating money to charities “might do some good in the world.” Despite these statements, Sir Mick’s daughter, successful model Georgia May, did not appear worried in public, while having fun at Paris Fashion Week with her mother and Jagger’s former partner, Jerry Hall. .
The 80-year-old rocker hinted that part of the Rolling Stones’ music catalog will go to charity rather than being passed down to his children when he dies.
Jagger has eight children from five different relationships: Karis, 52, Jade, 51, Elizabeth, 39, Georgia, 31, James, 38, Gabriel, 25, Lucas, 24, and the youngest, Deveraux, just 7 years old. of his current relationship with former dancer Melanie Hamrick.
Although, as he points out in the interview, the Stones still do not own the rights to their hits recorded before 1971, which are great singles like ‘Satisfaction’, ‘Paint it Black’ and ‘Jumpin Jack Flash’, Jagger refers to only to the money from the songs recorded from said year onwards. No decision has yet been made regarding the Stones’ catalogue.
In that sense, the British band was forced to learn how to manage financially following facing serious problems with property rights. So in the 1960s, they hired an accountant named Allan Klein to stabilize their finances. They received millions of pounds in royalties, but not as much as if they had owned the music outright.
Other music stars have sold the rights to their works in recent years, including Bruce Springsteen, Paul Simon and Sting.
The Rolling Stones’ musical catalog amounts to more than 400 million, being one of the highest of the 20th century. But the singer amasses a fortune that, according to different sources, is valued between 360 and 425 million pounds. The publishing royalties he earns from co-writing the band’s songs represent a high percentage of this fortune. He also owns businesses in the and audiovisual industry.
Currently, the musician is ranked number seven among the wealthiest rockers in the world, behind stars such as Paul McCartney and Elton John.
The British singer is ranked number seven among the wealthiest rockers in the world.
Mick Jagger claims to be worried regarding what may happen to his money following he dies, but he opened up the interesting possibility that the Rolling Stones will last longer than him, thanks to the advanced artificial intelligence technology that has already reached the music industry.
“Now you can have a posthumous business, right? “You can do a posthumous tour,” he told WSJ Magazine, referring to putting together a posthumous tour that features artificial intelligence avatars that represent both him and his bandmates on stage.
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