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Luciano Pavarotti’s debt

Society Materials 22 October 2007 11:06
Luciano Pavarotti’s debt

(hollyscoop.com) - 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.

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