Like so many groups, the Rolling Stone were ripped off by managers, record labels, music publishers and promoters in their early years. Once he wised up, Mick Jagger vowed never to be taken advantage of again and hired Prince Rupert Lowenstein to oversee all the Stones’ finances. As we can see, he did a brilliant job.
That’s why I wasn’t terribly surprised to see this math problem show up in an accounting textbook. Thanks to Greggory for the photos.
UPDATE: This arrived in the inbox this morning from Jay:
Hope all is well!
My boss and owner of the magazine used to be a tour operator for the Stones for many years. I sent him your question and here’s what he responded with.
$200 million gross or roughly 5,715,000 paid admissions.
This equation completely omits fees from service providers like my company ETS which, on this particular tour which I believe was Voodoo Lounge (1994). On that Tour we bought $2 million in tickets but also paid fees of an additional $600,000 to the Stones. I believe Michael Cohl (the Promoter) got more than a 14% share on that cash.