Photographer Annie Leibovitz is broke

Somehow the world’s most famous photographer is $24 million dollars in debt. Hard to believe considering her stature and that so many of her magazine covers or photo shoots are embedded as cultural iconography.

Her debts now total a staggering $24 million, consolidated with one lender with whom she is engaged in a lawsuit and due in September. If she can’t meet that deadline, she may lose her homes and the rights to her life’s body of work.

Friends say Leibovitz has begun to think of herself less as a celebrity artist leading a charmed life and more as a single mother of three fighting to keep a roof over her head and food on her family’s table. It isn’t surprising, then, that she bristled at a lifetime-achievement award. The fear of no longer working is terrifying to her. She has to work. What remains mystifying is the simple question on everyone’s mind that night: How on earth could something like this have happened to Annie Leibovitz?

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