Date: May 17, 2018 10:52AM
> And you know this how?
They have a website, AJ. Have you checked it out?http://osmond.com/2014/02/jimmy-osmond-losing-80m-was-the-best-thing-that-ever-happened/
"What did happen financially?
We lost about $80m, maybe $100m in today’s money [about £60m at current exchange rates] – but it’s actually the best thing that ever happened to my brothers and me because it made us really appreciate how to manage money and it forced us to refocus. We’d got to the point where we could have our own airplanes, and your attitude changes when you have that kind of money. It didn’t leave us destitute but we had to start over. It was a wonderful thing, because my brothers are the most humble guys you will ever meet.
You go to our homes now – they’re nice, but they’re not over the top. If it had turned out different with the money, we might have all turned out a little bit more arrogant. We were taken advantage of by our advisers but my dad would never sue them. He was never that kind of man. His handshake was as good as a contract and he was a great example to me."
"If not through record sales, how did you accumulate a fortune of $80m?
Through live entertainment. We played arenas all over the world and produced tons of movies. We always stayed true to what we were good at and performed and we were always able to make enough money through live entertainment to be able to underwrite other ventures and still have enough for our families."
"And I still perform nearly 100 or so dates with my brothers every year."
"What are your financial plans for the future?
I’m kind of in a state of flux right now. I’m focused on doing what I do best, creating live entertainment, which I make a lot of money from."