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Cover of One Dollar and One Percent, a biography of Jimi Hendrix

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4,947 words · no email, no account

No. 248 · Music · Rock

One Dollar and One Percent

a biography of James Marshall Hendrix

What the book is

A New York office, Friday the fifteenth of October, 1965. A twenty-two-year-old sideman signs a three-year exclusive recording contract. The advance is one dollar. The royalty is one percent. Two months short of a year later, in London, he and two Englishmen he had known about a week sign a second agreement, their own managers signing as the producers.

Every argument about who owns Jimi Hendrix runs through those two documents, and neither has ever been published. In April 2026 a judge of the Chancery Division in London construed the second and dismissed the Noel Redding and Mitch Mitchell estate companies' claims against Sony Music, holding that the consent the three musicians gave in 1966 was limited neither in time nor in method. Every signature on that page belonged to a man years dead; the technology at issue was invented three decades after the last of them died.

His life and his afterlife are one continuous transaction, and the two questions — who got the money, and what happened on the last night — are the same question asked twice. Both are unanswerable for the same reason: nobody with the power to keep a record kept one anybody else could read. There is no ledger for the Bahamian company that took his royalties, no statement of his personal finances, and no reliable account of four hours in a Notting Hill flat: the one person there gave four different accounts of when she woke, and the coroner called neither the ambulance crew, the attending police, nor the doctors who worked on him.

It is not the murder book. It refuses the wild man assembled in London in 1967 by a manager, a press officer and a photographer, and the fool who signed without reading. He would spend a whole night on one overdub and not four minutes on a page, because the page was the only thing between a sideman on scale wages and a room with a tape machine in it. He released three studio albums while he was alive. The release programme has been running for fifty-six years.

At a glance

Subject
James Marshall Hendrix
Shelf
Music · Rock
Written by
Elliot Cranmer
Chapters
22 across 236 pages
Narrated by
Gideon Marsh
Editions
EPUB · Audiobook
Authorisation
Unauthorised — no subject, estate or label had approval over the text.

Contents · 22 chapters

  1. 01Seattle, 1942Read free
  2. 02Lucille3,193 words
  3. 03Fort Campbell3,184 words
  4. 04The Circuit. 1962-19653,161 words
  5. 05One Dollar3,162 words
  6. 06Cafe Wha?3,067 words
  7. 07The Experience3,096 words
  8. 08Olympic3,184 words
  9. 09Monterey3,208 words
  10. 10Yameta3,300 words
  11. 11Electric Ladyland3,068 words
  12. 12Toronto3,152 words
  13. 13Woodstock3,105 words
  14. 14Machine Gun3,084 words
  15. 15Electric Lady3,126 words
  16. 16The Last Tour3,098 words
  17. 17The Samarkand3,181 words
  18. 18The Open Verdict3,212 words
  19. 19Cui Bono3,200 words
  20. 20A Panamanian Company3,204 words
  21. 21The Father's Case3,216 words
  22. 22The Twenty-Eighth of April3,121 words

The opening chapter is published in full — read it here.

Editions

EPUB · $3.99
EPUB 3 · DRM-free · reads on Kindle, Kobo and Apple Books
ISBN 979-8-90623-528-2
Audiobook · $5.99
Unabridged · measured from the masters · read by Gideon Marsh
ISBN 979-8-90623-637-1

Questions

01

Who is One Dollar and One Percent about?

James Marshall Hendrix. The title never carries the subject's name: it names one concrete thing out of the life — in this case One Dollar and One Percent — and the name goes on the line underneath.

02

Is this an authorised biography?

No. No subject, estate, label or foundation had approval over the text, and none paid for a word of it. The cost of that independence is that no new interviews were conducted for the book; it is built from the public record, and it says on the page where a scene is reconstructed rather than documented.

03

Can I read some of it before buying?

Yes — the whole opening chapter and the writer's foreword, free and in full, with no email address and no account. That is 4,947 words of the book.

04

How long is it?

About 72,500 words, 22 chapters, 236 pages in the paperback.

The writer

Elliot Cranmer

Elliot Cranmer is an investigative journalist who spent twelve years covering white-collar crime for ProPublica and The New York Times. He writes about money, fraud, and the systems that let both flourish. His reporting has been shortlisted for two Loeb Awards and a National Magazine Award.

His long-form biographies, including The Manifesto, The Sixth Floor, El Chapo, and The Hidden Hills Estate, examine the intersection of extreme wealth, power, and criminality. He relies on public records, financial audits, and hundreds of hours of personal interviews to reconstruct complex financial schemes.