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Michael Jackson Didn't Understand Value of Money

In Celebs by SplashNews , on Thursday, July 09, 2009, 5:05 AM (PDT)
michael jackson
Courtesy of SplashNews.com
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Michael Jackson didn’t “know the value of money”, his personal financial adviser has revealed. Financier Dr Tohme Tohme broke his silence about his role in the Jackson camp, telling US TV that Jacko had no interest in his own business affairs.

And he said he believes that Jackson's assets are greater than the star's well-publicised debts. "In the early days, when I met with Michael, I was taking care of everything, I was taking care of his personal affairs, his business, his day-to-day life," Lebanon-born Tohme told NBC's Today Show. He added, "You know he owes money, we all owe money, but I think his assets overweigh the debts.” Tohme also admitted he had sacked some of Jackson's staff to trim costs. "I had a green light from him. I saw that there was a lot of money being wasted and a lot of people taking advantage of the situation. "Really Michael never cared about money or cared about assets. He just doesn't know the value of money." Tohme also revealed that he had tried to tell Jackson that his debts were getting out of hand. "I told him on different occasions and he said, 'It is your department, not mine,’” he said. "I love Michael Jackson and I am going to miss him. The hours, days, and months I spent with Michael Jackson I will take to my grave."

Provided by: Graeme Massie / Splash News

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