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June 18th Yahoo talked with Stewart about his career, life, and his approach to personal finances. This is a lengthy article and any fan of Stewart’s or interested in money management will find this article interesting.
An excerpt from the article is below:
Stewart Copeland, 70, is a musician and composer who found fame in 1978 as founder and drummer of The Police, the multi-million-record-selling rock band.
The band achieved five consecutive Number 1 albums and 10 Top 10 singles, including five Number 1s. His composing work has included the film Wall Street and TV series The Equalizer. He lives in Los Angeles with his wife Fiona.
Did your childhood influence your attitude to money?
My family lived a very wealthy lifestyle despite a meagre diplomat’s pay, because we lived in what was then called the Third World.
I was born in America and moved, aged two months, to Cairo and later Beirut. I was 14 when my father had to evacuate his family back to London and a tiny apartment.
I didn’t know which words were English or Arabic and adjusted to not being able to cross the street anywhere you want. I grew up in St John’s Wood where my parents bought a house, but his pay didn’t extend as far.
He did the same job for American oil companies but there was always underlying anxiety about where the next cheque would come from. I went to Millfield public school in Somerset on a bit of a scholarship
What was your most lucrative tour?
The Reunion Tour in 2007 probably grossed more than the entire income of The Police until then.
When we played at the Shea Stadium in New York to 60,000 people back in the day tickets were $17. Playing to 80,000 at the Stade de France tickets were now $300. I think it was the third highest grossing tour in history [revenue over $360 million (£284 million)].
That’s why I can afford to write opera now, where it’s all about art and the business model is to lose money!
Read the complete article: HERE
