How Much Was Michael Nesmith Worth At The Time Of His Death?

Although Michael Nesmith became a world-famous musician, his mother, Bette Nesmith, arguably had the more intriguing life story. Bette was a single, divorced mother who struggled to make ends meet while working as a secretary at a bank, per CNBC. She often made typing mistakes, and feared for her job. This resulted in Bette creating a liquid that could conceal mistakes on paper, which she called Mistake Out. The single mother sold the substance to other secretaries and wholesalers while maintaining her day job. At one point, Bette paid her son and his friends $1 an hour to help manufacture Mistake Out.

Eventually, Bette renamed the substance Liquid Paper, and in 1975, she owned a company that produced 25 million bottles annually, per CNBC. By 1979, Nesmith's mother sold Liquid Paper to Gillette Corporation for $47.5 million. A year later she died of a stroke and left her son $25 million.

The Monkees musician created the Pacific Arts Corporation media company in 1974, per Mirror. In 1999, Nesmith and Pacific Arts won a massive lawsuit against PBS. The network had sued his company for using their logo, but in a surprise turn, the jury awarded Nesmith and his company $47 million, per the Los Angeles Times. Jurors found that PBS had illegally stolen programs his company owned. Thanks to his inheritance and various business ventures, Nesmith was worth $50 million at the time of his death, per Celebrity Net Worth

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