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Pecman
A horse is a horse but it ain't a house full of kids and eventually grandkids and great grandkids...
PECMAN
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Nate
10 million 100 million what's the difference
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35love
I think his wife spends his paycheck on horses.
Acquiring fine ones, not betting on them.
So back to the salt mines.
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The Worst.
Royalties. That´s the difference. Mick and Keith makes more money for all copies sold of LP´s, EP´s, singles, CD´s, cassettes, VHS´s, DVD´s etc. And they get better paid every time a Stones song is played on radio, every time a Stones song is covered by others, every time a Stones song is used in a commercial etc.
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24FPS
Mick only had two wives. I don't know what his arrangement is with Bianca, but his second wife is now the problem of Rupert Murdoch. And most of Mick's children are grown, with incomes. There's no way Charlie's income could even come near Mick & Keith's. Those songwriting royalties have been compounding since the mid-60s, and I just heard Satisfaction used on some commercial the other day. Charlie's probably richer than Ronnie.
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Voodookitten76
Around 200 horses in fact! The upkeep on 200 horses has to be higher than the upkeep on seven mostly grown kids and Bianca. No way Charlie is the richest.
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35love
I think his wife spends his paycheck on horses.
Acquiring fine ones, not betting on them.
So back to the salt mines.
Around 200 horses in fact! The upkeep on 200 horses has to be higher than the upkeep on seven mostly grown kids and Bianca. No way Charlie is the richest.
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slewan
as I said before: financial investments is a key factor.
Imagine how many songs Jagger/Richards must write to catch up with someone who had invested $ 1.000.000 in let's say Apple in 1998 or in Microsoft in the early 80s?
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35love
Okay, I don't really have a detailed interest in their personal business affairs/ sum totals/ etc., but this statement made: (copied below)
'wealthy by the end of the 70s and who has not become rich during the days of Voodoo Reagonomics and/or during the days of the dotcom bubble is an idiot or had the wrong financial advisors'
And for those folks who lost in the banking crisis? USA Mortgage banking fiasco? You remember, real estate bubble, and no- one caught it in time/ those of us who were giving warnings no- one believed, including federal reserve chairman
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slewan
Wealth is created by income minus spending.
Thus the basic question is: What generates income?
In the case of the members the Rolling Stones it is work, doing shows, making and selling records, merchandise (if you really can call this work), revenues from royalties and – not to be forgotten – revenues form financial investments.
The biggest difference between the income of the individual band members obviously results from the fact that Jagger and Richards wrote the songs (and hence get the royalties), while Wood and Watts are just musicians (thus the huge share of their band related income derives form selling records and touring).
But I guess a huge difference is being created by their financial investments – a factor about which we don't know too much. But if anybody in the band has been wise enough (most likely Jagger and – maybe Watts) they surely made much more money by clever investments than by touring, recording and/or writing songs (anyone who was quite wealthy by the end of the 70s and who has not become rich during the days of Voodoo Reagonomics and/or during the days of the dotcom bubble is an idiot or had the wrong financial advisors).