Why is annie leibovitz broke




















As collateral, Leibovitz offered the titles to her three Greenwich Village townhouses, and her home in upstate New York — and the rights to her entire archive of work. But why would such a famous artist — and one of the most commercially successful photographers the world has ever known — need to pawn the rights to every photograph she has ever taken or will ever take until the loans are repaid? But it turns out that Sontag and Leibovitz were no longer together by the time of Sontag's death; the essayist bequeathed the bulk of her estate to her son, David Rieff , and in her will left Leibovitz only a maximum of four "articles of my tangible personal property.

Show the supply chain who's boss Get a head start on your holiday shopping at Amazon, Target, Best Buy, and more. A more likely culprit is the costly renovations to Leibovitz's two townhouses; in , workers for the photographer damaged the foundations of a third, adjoining house, forcing the family who owned it to evacuate their home.

My take on the week's biggest money headlines and how they affect you - straight to your inbox. Oh, and it's free. Over the past weekend it was everywhere including in the Style section of the New York Times.

Annie Leibovitz, photographer extraordinaire, she of the naked John and Yoko shot, of the pregnant Demi Moore shot, is in rough financial waters.

Why does this interest me? When I looked at factors that held people back from financial success stubbornness was one. That is not difficult to understand. The one question that Goldman doesn't answer: Where did she get the money that she was spending so liberally? We broke that story two weeks ago, but Goldman doesn't credit us. We forgive him both because he is a stand-up gent and because he found out about it independently before we did, but sat helpless while New York 's publication schedule worked its slow magic and the internet kept going.

But no matter how you cut it, Leibovitz appears to have owed millions more than we currently know about. We have a good idea what she spent it on, but where did it come from? Who else was loaning Leibovitz money?

It's an especially interesting question because Leibovitz was never a good credit risk—as far back as the s, Goldman writes, she had trouble getting an American Express card even as she was shooting ad campaigns for American Express an ad agency intervened and arranged for her to get a card after Leibovitz lost an envelope full of cash she kept handy to pay vendors.

Was that all on her AmEx? We don't think so. Related Blogs. Here's Annie the spendthrift: Leibovitz had also built a life that had become extraordinarily expensive to maintain.



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