Sure, David Bowie was the most inventive rock star of his era. And yes, he matured gracefully (more or less) into an elder statesman of pop, working with younger independent acts and capping his late career with a pair of moving, reflective LPs.But did you know he also left his mark on the world of asset-backed securities? OK, so the achievement doesn’t quite rank up there with albums like Low and Ziggy Stardust. But in 1997, Bowie, who passed away from cancer Sunday at 69, did manage to kick off a brief financial craze after becoming the first musician to sell bonds backed by the royalties on his catalog.
Source: Bowie bonds: Ziggy Stardust’s adventures on Wall Street