‘[My] children don’t need $500 million’: Mick Jagger says Rolling Stones have no plans to sell music catalog

You cannot at all times get what you need, particularly if it is a huge inheritance.

In an interview with the Wall Street Journal this week, Mick Jagger stated that the Rolling Stones have no plans to sell their formidable music catalog, regardless of artists like Justin Bieber and Katy Perry lately doing the exact same factor to the tune of roughly $200 million each.

Jagger stated the reason being easy: he does not need the cash, and his eight children don’t both.

“The children don’t need $500 million to stay effectively. Come on,” he told the Journal, conceding that if he did sell he would probably give his share of the proceeds to charity. “You possibly do some good on this planet.”

The 80-year-old rock star’s offspring vary in age from 52-years-old to six.

Jagger’s strategy in direction of leaving huge sums of cash to his children is analogous to that of different rich stars.

In 2021, “James Bond” actor Daniel Craig stated he does not plan on having a fortune to go away to his children by the point he dies, calling the follow “distasteful.”

“Isn’t there an outdated adage that if you happen to die a wealthy particular person, you have failed?” Craig said at the time. “I feel Andrew Carnegie gave away what in at this time’s cash could be about $11 billion, which reveals how wealthy he was as a result of I’ll wager he stored a few of it, too.”

Similarly, billionaire investor Warren Buffett has a long-held belief that his “incomprehensible” web value could be higher spent going towards philanthropic causes than into his youngsters’ funding portfolios.

“After a lot commentary of super-wealthy households, this is my suggestion: Leave the children sufficient in order that they’ll do something, however not sufficient that they’ll do nothing,” he stated in a 2021 note to shareholders, including that his personal grownup children “pursue philanthropic efforts that contain each time and money.”

In the interview, the “Sympathy for the Devil” singer famous that unorthodox strikes he and the Stones made early of their profession, resembling embracing merchandise and branding and sponsorships, have been good enterprise choices in the long run.

“”One of the issues I’m actually pleased with with the Stones is that we pioneered area excursions with their very own stage, with their very own sound and all the things, and we additionally did the identical with stadiums,” Jagger stated. “I imply, no person did a tour of stadiums.”

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