BUSINESS, HEAVY METAL, MONEY HUSTLE ENTREPRENEURSHIP, ROCK N' ROLL

GUNS N’ ROSES Broke and Bankrupt

Posted on by pygear
GUNS N' ROSES Broke and Bankrupt Empire
31
Jan

If like me, you think that all rock stars are multimillionaires without any financial struggles…

Well, the below video is a reality check for everyone of us.

Our childhood heroes faced tremendous financial challenges and lengthy legal battles.

  • Geffen records, lawyers, accountants taking more of their fair shares.
  • Bad investments (real estate, never was business ventures).
  • Failed solo ventures (Slash’s Snakepit)
  • Riots, late and cancelled shows. Axl Rose.
  • Inflated lifestyles. Paying security, staff, property maintenance for empty mansions
  • Legal troubles. More fuckin’ inflated lawyers fees.
  • Refused potentially extremely lucrative opportunities (records, shows, reunions).
  • Failed recording sessions (Chinese Democracy courtesy of Axl Rose)

The video delves into the financial journey of Guns N’ Roses, highlighting the band’s rapid ascent to fame in the late 1980s and early 1990s, followed by internal conflicts and legal disputes that impacted their finances. Key events include the departure of drummer Steven Adler, who was dismissed due to heroin addiction, leading to a lawsuit where he alleged being cheated out of his share of the band’s earnings. The video also touches upon the prolonged production of the album “Chinese Democracy,” which faced numerous delays and became one of the most expensive albums ever produced. These challenges, among others, contributed to the complexities surrounding the band’s financial status over the years.

And Axl Rose being an asshole was most likely the band biggest financial liability.

For a more detailed understanding, you can watch the full video here:

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