Sir Mick Jagger has suggested that his share of the Rolling Stones’ back catalogue will be donated to charity rather than left to his eight children.
The 80-year-old was asked about his plans for the band’s post-1971 catalogue, which includes many of their biggest singles such as Satisfaction, Paint it Black and Jumpin Jack Flash.
In response, the British rocker said that he had no plans of selling it, and said should it eventually be sold he would rather the profits go to charity.
He told The Wall Street Journal in a new interview: “The children don’t need $500m (£412m) to live well. Come on.
“You maybe do some good in the world,” he added, suggesting that the catalogue may end up going to charity.
Jagger welcomed four children with ex wife Jerry Hall, Georgia May, Lizzie, James, and Gabriel.
He is also father to Karis, his daughter with Marsha Hunt; Jade, his daughter with ex-wife Bianca; and Lucas, his son with Luciana Gimenez.
The rocker welcomed son Deveraux in 2016 with his partner Melanie Hamrick.
Elswhere, a number of artists, including Katy Perry, have recently sold off the rights to their music catalogue for nine-figure sums.
Earlier this month, Perry sold the publishing rights to her songs and albums released between 2008 and 2020 to Litmus Music for a reported $225m (£181m).
Speaking on the sale, Hank Forsyth, Litmus co-founder and CEO, said: “Katy’s songs are an essential part of the global cultural fabric.
“We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”
While Matt Settle, managing director at Carlyle, added: “We believe this is a testament to the team’s ability to partner with the world’s top artists.
“Katy’s iconic songs have not only achieved outstanding commercial success but have significantly influenced popular culture.”
Perry’s deal follows the recent sales of Justin Bieber, Bob Dylan and Bruce Springsteen’s back catalogues.
Bieber sold his share of his own music rights to Hipgnosis Songs Capital for a reported $200m (£162m) back in January.
While Dylan sold the rights to his back catalogue to Sony, for an undisclosed amount, in January 2022 and Springsteen’s, also to Sony, in late 2021, worth an eye-watering $500m (£376m).
