I agree with Greenback, he probably didn't have a chance when it came to managing his personal finances. I think at a certain point he probably didn't think he would ever run out of money. It would be interesting to look into the minds of this type of individuals because like RedThunderBird said, Michael Jackson had 39 charities and these types are major donors to great organizations.
These types meaning individuals who have a ton of income but low net worth.
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