Leibovitz by John Keatley

The famous celebrity photographer is facing a new lawsuit from investment firm Brunswick Capital Partners LP.  The firm claims Leibovitz “…owes more than $800,000 US in fees for its help arranging her recent financing agreement with another firm, Colony Capital LLC.”. CBC news

Leibovitz’s previous lawsuit began when she had difficulties repaying a $24 million US loan.

It’s a little baffling how Leibovitz managed to dig herself into this financial mess.  Supposedly she earns $2 million a year at Vanity Fair and owns 3 historic New York townhouses, one which recently went on the market for $11 million.

My aunt allows says artists should hire a manager and accountant, as the creative mind isn’t meant for financial thinking.  Leibovitz would certainly benefit from this sound advice.

These story comments from the CBC Article are thought provoking.

“Put her in Jim Flaherty’s seat, and I bet she’d still do a better job.” B-Rock

“Asset rich, cash poor. I have no sympathy for people that are as wealthy as she is who borrow and borrow to acquire more crap than their able to keep track of.” AndyG799

“Again? Somehow it seems that Ms L is not a good credit risk….” j3ffst3r

“She has an attitude like Nova Scotia and lives well beyond her means.” johnsharper