Rock legend David Bowie's death at the age of 69 has prompted an outpouring of tributes, but his influence reached beyond the impact of his music. He was also a financial innovator. In 1997 Bowie issued bonds backed by future revenue of the 25 albums he had recorded before 1990, paying a generous 7.9% interest rate over 10 years. The bond issue earned Bowie $55 million, which he reportedly used to buy back songs from his catalog owned by his former manager. Read the original story from MarketWatch.
