TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Most Famous Photog Ever -- Imagine Losing It All

9/6/2009 11:15 AM PDT BY TMZ STAFF

In the world of high-end photography, Annie Leibovitz's portfolio is the equivalent of The Beatles' catalog -- and she's in danger of losing it all.

Annie Leibovitz, John Lennon, Yoko Ono

Leibovitz, who took the infamous last photo of John Lennon before he was assassinated, is facing catastrophic financial problems -- if she doesn't pay back a $24 million loan by Tuesday, she'll lose the rights to every big photo she's ever taken. The list includes that controversial Miley Cyrus photo from last year, the pregnant Demi Moore Vanity Fair cover, the cover of Bruce Springsteen's "Born to Run" -- and really every interesting VF cover for the last 20 years or so.

In classic Michael Jackson-esque form, Leibovitz sunk deep into debt and then got a loan using her photo catalog (estimated at $40 million) and homes as collateral.

Tuesday is D-Day.

133 COMMENTS

No Avatar
31.

Stop Milking his name    

Don't know if you've noticed but MJ's passing has brought a windfall to TMZ. MJ's stories on any given day receives far more hits than any other. So of course TMZ will continue playing 180-degree of separation, just to put MJ's name in all their silly stories...they need the hits.

36. TMZ, leave Michael Jackson out of it and let him rest in peace!

Posted at 11:47AM on Sep 6th 2009 by Michelle

1816 days ago
32.

mikenyc    

That's what happens when you get greedy followed by bad management and just plain stupidity. In the process of life one must learn to give something back, once in a while.

1816 days ago
33.

Still in Shock    

#39. Don't know if you've noticed but MJ's passing has brought a windfall to TMZ. MJ's stories on any given day receives far more hits than any other. So of course TMZ will continue playing 180-degree of separation, just to put MJ's name in all their silly stories...they need the hits.
----------------------------------------------------------

I was wondering when someone was going to address this.
TMZ's site is seeing quite a bit of hits now because they reported MJ's death before anyone...even CNN was behind.

Everything is so different these days with technology, everyone wants to know everything all the time (hope I explained that right).

1816 days ago
34.

PhillipP    

I am not trying to be an ass but it would be best if some of you did a search online for one of the articles on her financial difficulties before posting comments that make you look asinine. There were several reasons for her having financial problems but the biggest was a restoration of some townhouses she bought in New York which went awry along with her not knowing how to manage her money. Lastly, to the person who said photography is not art, you, my friend, are an idiot.

1816 days ago
35.

ss    

****THAT IS ONE UGLY GROSS PHOTO****EEEWWWWW

1816 days ago
36.

Nameless    

Damn, she has $40 million dollars in assets and she still lived beyond her means.

1816 days ago
37.

Diane    

What a fool! She deserves to lose it. Someone with that kind of nest egg should NOT be leveraging it against a loan. Idiot.

1816 days ago
38.

Anna    

TMZ WATCH UR MOUTHS AND KEEP "THE KING" MICHAEL JOSEPH JACKSON OUT OF THIS. IT DOESN'T MATTER IF HE WAS IN DEBT, HE WILL ALWAYS HAVE MORE MONEY THEN ALL OF YALL COMBINED AND MORE. SO STOP HATING AND LET HIM REST IN PEACE.MIKE IS STILL THE BEST FOREVER AND ALWAYS!!!!!!WE LOVE U MIKE!!!!!

1816 days ago
39.

Twinker    

Annie was beyond rude to the Queen of England which caused a HUGE scandal over there across the proverbial pond and if I have learned anything in my life it is to be nice to the Queen of England.

1816 days ago
40.

yer mom's soo effin hot!!    

without trying to be all uppity or philosophical and all (yeah right...) considering the majorities collective values (not to mention during the sixties!), HOW ON EARTH DOES A PHOTO LIKE THIS HEAVE YOU UP ONTO A UNREACHABLE PEDESTAL OF FAME AND FORTUNE???!! most people would cringe and hurl upon the sight of something so gross. how does this make you millions and famous??! bunch of sickos with major dollar bills, imma guess.

1816 days ago
41.

dr fred    

lived beyond her means... & did not spend a dime on plastic surgery, no onw should get loans when they could live very good & pay cash

why get the 10,000 square foot mansion with a huge mortgage ?
& why not get a 4500 sq ft & pay cash?

1816 days ago
42.

Miss Nancy    

Lebo the Lesbo has done some good pics, yes...like the one of John and Yoko. BUT-- She has also gone out of her way to use her camera to destroy some celebrities images by taking extremely unflattering pictures of them. I don't feel sorry for her at all. Beyotch!!!

1816 days ago
43.

dr fred    

GROSS, i have NEVER seen a picture she has taken that was not only ugly , offensive, vulgar worse than porn. EEEEWWWW

how is that worth $$$$$ it is so nasty

1816 days ago
44.

mike    

She sounds like a typical, highly successful, narcissistic artist. She owes all kinds of people money for service rendered. There are all kinds of liens on properties, and years and years of unpaid taxes. Not to mention just the extreme overspending on herself. Oh! I'm sure she's a victim though, and it's really not her fault to be in this mess.

That was sarcasm by the way!!!

1816 days ago
45.

Rob    

WHAT? A liberal with too much money that wants to hold onto her money and doesn't want ot "spread around". Who would have thunk it!

She should be happy to lose her money like all the rich people that Obama is stealing from...

NOBAMA!

1816 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web