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Monday, August 22, 2011

Duff Takes Care of Business

HEAVY METAL MONEY MANAGEMENT: Would you trust your stock portfolio to ex-Guns N' Roses bassist Duff McKagan? The 47-year-old rock star, who earned millions in the '80s and '90s with the legendary band, has started a wealth-management firm to help fellow musicians keep their money safe. He said it was while recovering from a burst pancreas in 1994, the result of his hard-rocking, heavy-drinking lifestyle, that he realized he had no knowledge of what had happened to the millions he earned, he told London's Sunday Times. While McKagan never lost his money, the music industry is littered with stars who went broke. "Even when I was taking my first math class, I started getting calls from friends of mine who were in the same business saying, 'Duff, you're in business school, can you help me invest my money?'" McKagan said. Hey, it beats Bernie Madoff. (8/22a)

 
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