Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Rich Susan Boyle living on a pittance (Singer allowed to spend only $471 a week by her managers)
New York Post ^ | 08/02/2010

Posted on 08/02/2010 2:07:25 PM PDT by SeekAndFind

Scottish singing sensation Susan Boyle lives like a pauper -- although she's sitting on more than $15.7 million in the bank, according to a stunning report yesterday.

Boyle's managers have such a tight financial leash on the "Britain's Got Talent" star that she's allowed to spend only $471 a week, has no credit cards and travels by bus, the British paper News of The World reported.

"When Susan realized she can't just walk into a bank and take out her own money, she had a fit because she thought she was down to her last few quid," her brother Gerry Boyle said.

"Her millions are ring-fenced, but Susan has no concept of money. She was extremely distressed."

The newspaper said sources within SuBo's management team confirmed her paltry allowance, but insisted Boyle, 49, could have more any time if she wanted.

(Excerpt) Read more at nypost.com ...


TOPICS: Music/Entertainment; Society; TV/Movies
KEYWORDS: britain; crazy; pittance; susanboyle; talent

1 posted on 08/02/2010 2:07:28 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Susan, fire those bums and hire me as your manager. I’ll let you have at least $700 a month.


2 posted on 08/02/2010 2:10:37 PM PDT by Choose Ye This Day ("Allahu Akbar!": Arabic for "Nothing to see here." -- Mark Steyn)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I wish I had 471 bucks a week that wasn’t spoken for in advance! My check was deposited last night, I’ve been handing out money all morning.


3 posted on 08/02/2010 2:10:37 PM PDT by SWAMPSNIPER (The Second Amendment, A Matter Of Fact, Not A Matter Of Opinion)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
And yes, she's still living in the same old house


4 posted on 08/02/2010 2:11:06 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Boyle, 49, could have more any time if she wanted.

If true, this is not news. It's only proof that she is a dingbat.

5 posted on 08/02/2010 2:13:07 PM PDT by Wilderness Conservative
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I’ve seen enough of her odd behaviors to convince me her managers are smart.

I’m thinking she could pi$$ away 15 million bucks in a matter of months.

Just hope she has trustworthy handlers.


6 posted on 08/02/2010 2:13:51 PM PDT by Responsibility2nd (PALIN/MCCAIN IN 2012 - barf alert? sarc tag? -- can't decide)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Reminds me of some relatives of mine who had my 95-year-old great aunt’s assets in a high-growth fund.


7 posted on 08/02/2010 2:14:27 PM PDT by dirtboy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Responsibility2nd

RE: I’m thinking she could pi$$ away 15 million bucks in a matter of months.

C’mon mates, Let the lady live it up a bit, double her allowance. Unlike the Queen and the Royals, she worked for her money.


8 posted on 08/02/2010 2:16:38 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

Wait....if all of my housing and utilities are taken care of and I have 460 a week to spend on whatever I wanted, I’d be living pretty high on the hog!


9 posted on 08/02/2010 2:17:02 PM PDT by SoftballMominVA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Responsibility2nd

A friend of mine, who grew up with a lot of money, told me once, “Some people don’t know how to have money.” I have seen that proven true over and over again.


10 posted on 08/02/2010 2:17:13 PM PDT by ChocChipCookie (TheSurvivalMom.com)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Choose Ye This Day

Hmmm...$471/week or $700/month....say, you wouldn’t be trying to take advantage, would you? ;-)


11 posted on 08/02/2010 2:22:05 PM PDT by 9YearLurker
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

She is nutty, to be sure.

But the video of her debut performance is wonderful. Everybody judged her by her looks and made fun of her, until she opened her mouth and belted out a beautiful song.

The stunned (stuned) looks on their faces was priceless.

http://www.youtube.com/watch?v=RxPZh4AnWyk


12 posted on 08/02/2010 2:24:17 PM PDT by Retired Greyhound
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
It could be worse. She could have Billy Joel's financial managers.

-PJ

13 posted on 08/02/2010 2:27:57 PM PDT by Political Junkie Too ("Comprehensive" reform bills only end up as incomprehensible messes.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChocChipCookie

A friend of mine, who grew up with a lot of money, told me once, “Some people don’t know how to have money.” I have seen that proven true over and over again.

_________________________

Lottery winners and those who won huge settlements from lawsuits are the most vulnerable. Remember the 1989 Alton Bush crash? 21 children died. 150 million dollars in damages awarded. To peons who lived on $500 a month.

Caused way too many probles. And most of them wasted the money. Mostly all gone now.


14 posted on 08/02/2010 2:28:37 PM PDT by Responsibility2nd (PALIN/MCCAIN IN 2012 - barf alert? sarc tag? -- can't decide)
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind

I wonder who hired her managers who have control over her money. The performing industry is full of artists who have been taken advantage of by accountants, etc...and these are people who supposedly have all of their faculties.

Even if she lived another 40 years she would not have even used up 1/2 of her assets.

Yes, she certainly shouldn’t have control over her money.

But she has earned it. Let her buy what she wants within reason given what she is worth.


15 posted on 08/02/2010 2:29:19 PM PDT by RummyChick
[ Post Reply | Private Reply | To 1 | View Replies]

To: 9YearLurker

Who, me? Never!


16 posted on 08/02/2010 2:30:26 PM PDT by Choose Ye This Day ("Allahu Akbar!": Arabic for "Nothing to see here." -- Mark Steyn)
[ Post Reply | Private Reply | To 11 | View Replies]

To: dirtboy
Reminds me of some relatives of mine who had my 95-year-old great aunt’s assets in a high-growth fund.

That might make sense if it isn't all of her money and she has more than she'll ever be able to spend. In that case you're really investing it for her heirs instead of for her.

17 posted on 08/02/2010 2:30:57 PM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: SeekAndFind
Entertainment Managers are the biggest crooks on the planet. I have friends in the business. The lowest level of hell will have more of these types. Remember the big groups who are experiences in the business have their own Website (David Bowie, Prince and more)today.

There's a reason! A bigger margin of profit.

First time acts money goes more towards the record company and managers. They sucker them into a bad contract for years. How much more for this poor handicapped girl.

As John Gotti spoke Nobody is more of a Crook than entertainment people.

18 posted on 08/02/2010 2:34:18 PM PDT by johngrace (God so loved the world so he gave his only son! Praise Jesus and Hail Mary!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
It's her money. If she wants to wipe her butt with it, she should.

It's HER MONEY.

19 posted on 08/02/2010 2:36:04 PM PDT by TheWriterTX (-)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

This talented lady should be able to enjoy the fruits of her labor. Much too severe a budget.


20 posted on 08/02/2010 2:36:26 PM PDT by FreeDeerHawk
[ Post Reply | Private Reply | To 1 | View Replies]

To: SWAMPSNIPER

I hear ya.


21 posted on 08/02/2010 2:40:36 PM PDT by A message
[ Post Reply | Private Reply | To 3 | View Replies]

To: Responsibility2nd

Yes, many/most do waste it, but I’ve seen others use their “new” wealth to bully and intimidate people. Others become ultra stingy with others, always trying to get out of paying on one pretext or another, while lavishly spending on themselves.

My friend’s parents tithe 80% of their earnings every year. They live in a nice enough home, but very little about their lifestyle screams, “We’re RICH!”


22 posted on 08/02/2010 2:48:25 PM PDT by ChocChipCookie (TheSurvivalMom.com)
[ Post Reply | Private Reply | To 14 | View Replies]

To: SeekAndFind

Proverbs 13:11
11 Wealth gained hastily will dwindle,
but whoever gathers little by little will increase it.

Proverbs 14:15
15 The simple believes everything,
but the prudent gives thought to his steps.

Proverbs 19:2
2 Desire without knowledge is not good,
and whoever makes haste with his feet misses his way.

Proverbs 21:5
5 The plans of the diligent lead surely to abundance,
but everyone who is hasty comes only to poverty.

Proverbs 23:4
4 Do not toil to acquire wealth;
be discerning enough to desist.

Proverbs 28:19-20
19 Whoever works his land will have plenty of bread,
but he who follows worthless pursuits will have plenty of poverty.
20 A faithful man will abound with blessings,
but whoever hastens to be rich will not go unpunished.


23 posted on 08/02/2010 2:54:51 PM PDT by diverteach (D.C. has become Jonestown.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChocChipCookie
A friend of mine, who grew up with a lot of money, told me once, “Some people don’t know how to have money.” I have seen that proven true over and over again.

Yep. Look at the legions of NBA and NFL players who are penniless within 5-10 years after retirement.

24 posted on 08/02/2010 2:57:50 PM PDT by Drew68
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind

I’m curious about the tax situation there in Scotland. How much of that is the Crown going to take?


25 posted on 08/02/2010 3:06:43 PM PDT by caseinpoint (Don't get thickly involved in thin things)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Mmmmmm. This sounds a lot like Mr. Mooney

26 posted on 08/02/2010 3:07:41 PM PDT by Krankor (Boy, giraffes are selfish, just run around looking out for number one, getting hit by lightning.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FreeDeerHawk

Much too severe a budget.

Yes it is. They should at least buy her a bike. She needs to avoid the bus...too dangerous. There are lots of good used bikes out there.


27 posted on 08/02/2010 3:27:56 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
[ Post Reply | Private Reply | To 20 | View Replies]

To: caseinpoint

RE: I’m curious about the tax situation there in Scotland. How much of that is the Crown going to take?


ACCORDING TO THIS SITE :

http://www.adviceguide.org.uk/scotland/life/tax_scotland/income_tax_rates.htm

Income tax: taxable bands and rates 2010/2011

Taxable income rate of tax
0 - £2,440 10 per cent (starting rate for savings only)
0 - £37,400 20 per cent (basic rate)
£37,401 - £150,000 40 per cent (higher rate)
Over £150,000 50 per cent (additional rate)

Basic rate

Tax is payable at the basic rate of 20 per cent on taxable income up to £37,400.

Higher rate

If you have more than £37,400 but less than £150,000 of taxable income, you will have to pay a higher rate of 40 per cent tax on the amount above £37,400 and below £150,000.

Additional rate

If you have more than £150,000 you will have to pay an additional rate of 50 per cent tax on the amount above this level.


28 posted on 08/02/2010 5:31:55 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 25 | View Replies]

To: SeekAndFind

Right. I figured it was quite high. So perhaps they have structured this windfall for her in such a way as to avoid those confiscatory taxes. I wouldn’t assume the managers are cheating her or trying to retain the money for their own management interests.


29 posted on 08/02/2010 5:49:31 PM PDT by caseinpoint (Don't get thickly involved in thin things)
[ Post Reply | Private Reply | To 28 | View Replies]

To: ChocChipCookie
My friend’s parents tithe 80% of their earnings every year.

Not sure what that means. Do they pay the tithe (10%) on 80% of their earnings? Or do they give 80% of their earnings to the church?

30 posted on 08/02/2010 7:13:43 PM PDT by Graybeard58 (Nobody reads tag lines)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Retired Greyhound

I read one article that said she has had behavioral problems since she was a child, bipolar was how it was described.


31 posted on 08/02/2010 7:18:26 PM PDT by ops33 (Senior Master Sergeant, USAF (Retired))
[ Post Reply | Private Reply | To 12 | View Replies]

To: Graybeard58

They give 80%.


32 posted on 08/02/2010 9:11:47 PM PDT by ChocChipCookie (TheSurvivalMom.com)
[ Post Reply | Private Reply | To 30 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson