Iconic photographer Annie Leibovitz could lose her entire portfolio if she fails to meet a deadline to pay back a $24 million loan she owes. Last year she put up her portfolio and several pieces of real estate - including three townhouses in New York City - as collateral in efforts to consolidate her debt. The money, loaned by Art Capital, is due today. It is unclear if she will pay it off, file an extension, or declare bankruptcy.Leibovitz began her career in the '70s working as a staff photographer for Rolling Stone Magazine which she left in '83 for a job at Vanity Fair Magazine. She has photographed a naked John Lennon and Yoko Ono on the day of his death, a very pregnant Demi Moore, and Queen Elizabeth II. More recently she has taken controversial photos of "topless" pop-tart Miley Cyrus. Spokespeople for both sides had no comment today.
Annie Leibovitz Faces a Loan Deadline [NYT]
