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Jared Leto shares details of multi-million-dollar debt at the peak of his fame with his band Thirty Seconds to Mars after their breakthrough album almost bankrupted him amid $30m lawsuit
The musician, 52, revealed how he was almost left bankrupt after his rock band released their breakthrough second album because of debt owed to their record company.
Speaking on the Kyle and Jackie O show to promote the band's upcoming Australian tour, Jared told how selling millions of albums worldwide didn't result in a huge influx of cash but left him 'penniless'. After selling three million copies of A Beautiful Lie in 2005, Jared and his brother Shannon found themselves more than $2.7million dollars in debt to their record label EMI and were then sued for another $30million due to an alleged contract breach. Radio host Kyle Sandilands quizzed Jared on the realities of making money in the music business, with the Hollywood star admitting it wasn't always plain-sailing.
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