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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

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91.

simba    

Susan Sontag left her estate to her son, not to Leibovitz. But even if she had, Leibovitz wouldn't owe any taxes. Inheritance taxes are paid by the estate, not by the recipient.

Something's missing in this story. Even with the real estate, why on earth did Leibovitz need $24,000,000?

1881 days ago
92.

frogs and gravel    

I guess Crack Cocaine has finally hit the Jewish Community.
So Sad. :C

1881 days ago
93.

bemybaby    

Right place, right time. Nothing more, nothing less.

1881 days ago
94.

lovemichaelforever    

shame shame-there's never enough is there Annie?

1881 days ago
95.

Mrs. Skeffington    

She is way over rated. Putting celebs in odd situations is just gimmicky. So what?? Her pictures are well known because she photographs celebs and gets approval for covers.

1881 days ago
96.

shauna    

wtf? was she into propofol too?

1881 days ago
97.

Nikki    

She has photographed all of these rich and famous people. The same rich and famous who, over the years, claim to love and admire her AND her work. But not one of them (or 2 or 3 or 4, maybe) are willing to step in and help this woman out ala The Donald with Ed McMahon???

Come on people!

Put your money where your mouth is!

Or is that too hard to do when talking out both sides of ones mouth?!

1880 days ago
98.

charles    

I thought she was Jewish...

1880 days ago
99.

yer mom's soo effin hot!!    

dang. that nose can double as a old school can opener.

1880 days ago
100.

Bethany Sweet    

Man, you guys really think that nothing goes into taking a photograph? What a bunch of idiots. That's why you flip burgers for a living, FOOL.

What's it to all of you if Annie is gay? Big effin deal! It's really none of your business, is it?

I'm sorry for her losing her portfolio, but that's the chance she took when she obtained the loan. $24 million? All I can think is, that would buy a lot of diapers and flu shots. But, living the good life is too important to some.

1880 days ago
101.

sensible grandma    

Very stupid lady. All the fame & fortune went to her head. Instead of being happy with all her achievements, she became greedy. Oh well, that's stupidity for you.

1880 days ago
102.

NiceGuy    

Ok 2 things to clear up.
1-The last photo taken of John Lennon was not by her,but an ametuer photopher named Paul Goresh.He took the last pictures of Lennon actually after the photo shoot with Annie L. It was around 5:00pm when Lennon &Yoko left the Dakota Building and off to the recording studio.Goresh took about 3 or 4 photos including the famous autographing the Double Fantasy album to that F*%%##KEN YOU KNOW WHO!
2-John Lennon's death will always be labeled as an "assassination" due to the fact that he was not only a humanitarian but someone who spoke out tried to stop the Vietnam War back in the late 60"s.

1880 days ago
103.

Lynn    

I don't understand how this is even news. She went into debt on her own and can't pay. SO FRICKING WHAT?

1880 days ago
104.

Nix    

Oh my gosh!! Now, I know why it's best we keep our clothes on!!
Now little babies in flower pots are her best work as to being naked. With all her initial earnings, she should have took a course in money management. I don't feel sorry for her. Let her do what the wildlife artist, Autobonde did years ado, put her camera to work to pay off her debts as he did his paint brush.

1880 days ago
105.

decompressu    

WHAT AN IDIOT! I don't have an sympathy for this loser.

1880 days ago
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