Leonard Cohen Net Worth
Leonard Cohen net worth: Leonard Cohen was a Canadian singer-songwriter, musician and author who had a net worth of $10 million at the time of is death in 2016. Leonard died on November 10, 2016 at the age of 82 in Los Angeles. His net worth would have been much higher but Leonard lost an alleged $10+ million through from a business manager's mismanagement and theft.
Leonard Cohen was born in Montreal, Quebec, Canada on September 21, 1934. He began playing guitar when he was in his teens and then went on to form a group called the Buckskin Boys. He attended McGill University, and quickly made a name for himself as a poet, winning multiple literary awards. He published his first book of poetry in the mid-50s, and then relocated to New York to attend Columbia University. He chose to leave Columbia after a year, and returned to Canada. He wrote his second book of poetry, "The Spice Box of Earth" in the early 60s. The book was a success, and catapulted him into wider recognition. Though he had early success as a writer, it was difficult to sustain that momentum. He returned to the US to focus on building a music career, and went on to record an incredible series of albums and tracks, which have earned him inclusion in both the American Rock and Roll Hall of Fame and the Canadian Music Hall of Fame, as well as four decades of dedicated fans.
Financial Lawsuit: For much of his career, Leonard business manager was a woman named Kelley Lynch. In the early 2000s Leonard reportedly began to notice some potential improprieties in his accounts. For example he allegedly noticed that he had personally covered Lynch's $75,000 credit card bill. Around this time he noticed that most of the money in his various accounts, including retirement and charitable trusts, was gone. Cohen allegedly discovered that the financial mismanagement began in the mid-1990s when Lynch started selling off his music rights. The mismanagement reportedly began soon after he entered a Zen Buddhist retreat.
In 2005 Cohen sued Kelley Lynch alleging that she misappropriated his finances "through greed, self-dealing, concealment, knowing misrepresentation and reckless disregard for professional fiduciary duties". He alleged that his retirement account alone had been drained from over $5 million down to roughly $150,000. In March 2006 he won a civil suit and was awarded a $9 million judgment.
|Net Worth:||$10 Million|
|Date of Birth:||Sep 21, 1934 (87 years old)|
|Height:||5 ft 8 in (1.74 m)|
|Profession:||Writer, Novelist, Poet, Musician, Singer-songwriter, Actor, Film Score Composer|