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Post by deb5anne on Aug 2, 2020 14:34:50 GMT -5
.....BANG ON!!!! You were darn sharp to think of that! Guess Adam could look at it as doing a few QAL concerts (after taxes) for "free" ...to pay for loss on --the renovations, and the taxes, utilities, pool and yard care, staging, etc etc. Luckily he has to have banked a "boat load of money"/more than me for sure , over the years. The "albatross" is gone. True. But since we have no idea what Adam originally put down on the house, or how much was owed, he may have still walked away with money in the pocket, even with selling at a loss. Of course we will never know about his business (nor do we need to know, lol). But he made millions before he joined Queen so he could have put a big chunk down when he made the purchase. The important thing is he got it sold and must be thrilled about that. If nothing else it eliminates a second set of taxes which I'm sure he's happy about. And also read recently his net worth is up to $30 million. At least he doesn't have to worry about money right now. Probably more artists in trouble than we realize. Velvet seems to selling around the world so I'm hoping he's making some type of money on it.
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Post by lurleene on Aug 2, 2020 14:53:01 GMT -5
True. But since we have no idea what Adam originally put down on the house, or how much was owed, he may have still walked away with money in the pocket, even with selling at a loss. Of course we will never know about his business (nor do we need to know, lol). But he made millions before he joined Queen so he could have put a big chunk down when he made the purchase. The important thing is he got it sold and must be thrilled about that. If nothing else it eliminates a second set of taxes which I'm sure he's happy about. And also read recently his net worth is up to $30 million. At least he doesn't have to worry about money right now. Probably more artists in trouble than we realize. Velvet seems to selling around the world so I'm hoping he's making some type of money on it. Exactly! And Adam also had the QAL stadium tour and the mini Velvet concerts that he got in before the shutdown. Those alone would have been a very good year for most artists, even with all of his cancellations. So if they can get up and running (hopefully a vaccine) in 2021, he should continue to be in really good shape. So having two music careers was wonderful for Adam any way you look at it.
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Post by bamafan on Aug 2, 2020 15:13:09 GMT -5
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Post by bamafan on Aug 2, 2020 15:16:53 GMT -5
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Post by bamafan on Aug 2, 2020 15:25:31 GMT -5
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Post by csquared on Aug 2, 2020 15:43:38 GMT -5
Adam’s house sale finally made it into the Homes section of the Seattle Times today. No snide comments yet from my DH... And I can finally listen to Closer To You without wondering "which house would you sink down underwater, Adam?" Lol!I bet I can answer that one!
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Post by pi on Aug 2, 2020 16:25:50 GMT -5
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Post by pi on Aug 2, 2020 16:26:38 GMT -5
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Post by pi on Aug 2, 2020 16:27:22 GMT -5
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Post by pi on Aug 2, 2020 16:29:55 GMT -5
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