King of Pop Michael Jackson had known what economic downturn means early on. Before the money crunch of Wall Street hugged the news, Michael already met his own financial rut. Because of insolvency, Neverland, his fabled private 2,800-acre (1,100 hectares) amusement park in Los Olivos, California was a subject of foreclosure proceedings. Last month he had to settle out of court with a Bahraini prince on a lawsuit of a failed music deal. This is on top of a child molestation case he had ot endure a few years back.
The 50-year old reclusive music star is now about to tap cash from his personal effects. It was announced that the famous beaded white glove he used in the “Billie Jean” video will be put out for sale along with other items. To woo the highest bidder, the glittery glove and some 2,000 pieces of his memorabilia will be auctioned to realize cash, part of which will be used to support charities.
Jackson’s story continues to befuddle his fans. His life tells of a tragi-comic tale of a ride in a world that is often solicitous, but at times— harsh and forbidding. Looking at the state of things, what is clear is money problem affects not only the poor but the super rich as well. (Photo Credit: www. Bongo News.com) =0=