Johnny Hallyday’s why it was less rich than other artists such as Jean-Jacques Goldman – Gala
Johnny Hallyday was a big-time gambler. If it had luxurious villas and cars that sport the latest technology, the rocker had, however, a wealth a lot less important than other stars of the French song.
Johnny Hallyday was not as rich as some might think. Owner of a real estate portfolio estimated at almost 50 million euros, the rocker had little liquidity, mainly because of its wealthy lifestyle. Because if he won between 1 and 10 million euros per year, as revealed by a survey of Inrocks, it was between 2.5 and 5 million each year. Although it was, of course, percentages of the sales of his albums and revenues for each of its concerts, Johnny Hallyday has seen virtually no copyright in the course of his career, as he was only the interpreter of its tubes. A big loss when we know that Jean-Jacques Goldman, author-composer-performer, receiving the tidy sum of € 2 million annual share of the SACEM.
Having lived above his means, Johnny Hallyday, whose funeral took place on Monday 11th December in St Barth, has also incurred debts with his record company Universal, which would have lent more than € 15 million between 1978 and 1996, as reported by BFM Business. In fact, the staff has granted him a fortnight to loans for the purchase of homes of Marnes-la-Coquette, Los Angeles, Gstaad, and a yacht with a value of 5 million euros, which has hardly served. Finally, Universal lent him anything to settle his disputes with the TAX authorities in the 70s.
A loan requiring repayment, Johnny Hallyday has had to make sacrifices. Thus he yielded up to 90% of the royalties that he received on his sales to his record label. But this is not all. The Taulier has also sold rights to its products, the brand Johnny Hallyday, its website and even its real estate assets. It will eventually adjust all of its repayment in 2003.
Photo credits : Agence / Bestimage
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