Thaindian News

Mar 9 (THAINDIAN NEWS) Annie Leibovitz, world famous photographer, will get to retain possession of her vast portfolio now that a loan agreement has been reached between her and her creditors. Leibovitz, whose 40 year career includes photographing such people as Queen Elizabeth II, Michelle OBama, Bruce Springstein, and a whole lot more which made the covers of magazines like Vanity Fair, Rolling Stone, and Vogue. She is perhaps best known for a clothed portrait of Yoko Ono and a nude portrait of John Lennon, both taken on the same day the former Beatle was shot and killed.

Leibovitz’s financial woes took off last year when the Art Capital Group which she had received a 24 million dollar loan from, threatened to sue her and take control of her entire portfolio, along with two properties she owns. She has hired a real estate company named Colony Capital as her sole creditor to help restructure her debt and market her work. “We will be partners in managing her assets and her business so that Annie can spend her time and focus in pursuing her passion as only she can do,” Tom Barrack, founder of Colony Capital said.