The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith as his own solo recording and film projects. In 1998, Nesmith published his first novel, "The Long Sandy Hair of Neftoon Zamora". It was developed originally as an online project and was later published as a hard cover book by St Martin's Press. Nesmith's second novel "The America Gene" was released in July 2009 as an online download from Videoranch.com. In the early 1980s, Nesmith teamed up with satirist P.J. O'Rourke to ride his vehicle "Timerider" in the annual Baja 1000 off-road race. This is chronicled in O'Rourke's 2009 book "Driving Like Crazy". During the 1990s, Nesmith, as Trustee and