Jared Leto shares details of multi-million-dollar debt at the peak of his fame with his band Thirty Seconds to Mars after their breakthrough album almost bankrupted him amid $30m lawsuit READ MORE: Jared Leto SURPRISES fans with a FREE acoustic concert in London during Thirty Seconds To Mars tour By Mikaela Wilkes For Daily Mail Australia Published: 03:37 BST, 21 August 2024 | Updated: 03:39 BST, 21 August 2024 e-mail View comments Jared Leto has shared new details of his multi-million-dollar debt at the height of his fame with his band 30 Seconds To Mars and how they were sued for $30million. The musician, 52, revealed he was almost left bankrupt after his rock band released their breakthrough second album because of debt owed to their record company. Speaking on the Kyle and Jackie O show to promote the band's upcoming Australian tour, Jared told how selling millions of albums worldwide didn't result in a huge influx of cash but left him 'penniless'.
After selling three million copies of A Beautiful Lie in 2005, Jared and his brother Shannon found themselves more than $2.7million dollars in debt to their record label EMI and were then sued for another $30million due to an alleged contract breach. 'We sold millions of copies, and then we found out not only were we not going to be paid a single cent, we were millions of dollars in debt,' he detailed on Wednesday's show.
'We disputed. They sued us for $30million for breach of contract and then we made a film about it. 'So anyw.