Pavarotti Died With Debt

October 21, 2007 By:
Pavarotti Died With Debt

Legendary opera singer Luciano Pavarotti was believed to have had a fortune of more than $400 million when he passed but according to new reports, he was in debt for more than $24 million.

Pavarotti reportedly had an overdraft of more than $14 million and owed more than $10 million in mortgage payments at the Monte dei Paschi di Siena bank in Bologna, Italy.

Italian newspaper La Republica reported earlier this week , "There was no fortune of £200 million and so there will be no family squabbles."

How do you overdraft $10 million dollars? Talk about bad money management.