Can’t Take It With You, But Don’t Stop Makin’ It!

According to an article I found on Google recently, “The estate of the former Nirvana frontman, who committed suicide in 1994, brought in an estimated £26 million last year, beating The King by over £4 million, according to a study by Forbes magazine.”

In fact, according to a spokesman at Forbes, “a nail in the casket is hardly the end for some stars. Instead, their work, as well as their iconic images, continues to appeal to fans who remember them, and to those born long after they died.”

When it comes right down to it, this guy made his money the easy way. He earned it by accumulating assets. Fortunately for the rich folks, people don’t think of it that way. The real value of what this celebrity accumulated won’t be realized for years because it is a real asset.

Assets put money in your pocket. And one can definitely say that about Kurt Cobain and Nirvana’s music. It is intellectual property and copyright protected material. Every CD sale and play of a song on the radio generates income and puts money into the pocket of the person controlling the asset. It’s just another example of how the best way to get rich is by gathering assets.

Source: http://www.timesonline.co.uk/article/0,,3-2421384,00.html