Mick Jagger, who once studied in the prestigious London School of Economics, invested some of his 300-million-dollar-fortune into Famos LLC, a Hollywood-based media syndication platform, which was supposed to be launched 2 years back.
However, the company's founder and CEO, Rent Sidon, filed for bankruptcy earlier this month, the New York Post reported.
Dave Stewart of the Eurythmics was also one of the investors in Famos LLC, and the online service was being run by Jason Trawick, the man who was briefly engaged to pop star Britney Spears.
The venture was a total loss for the investors and the creditors are going to be meeting on August 26 to see if there is anything left for them.