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Michael Jackson’s Estate Earns $600 Million In Revenue

    March 3, 2014
    Val Powell
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The King of Pop’s estate is now generating cash, sources say. When Michael Jackson died almost five years ago, he was overwhelmed with debt. He has made millions in his lifetime from endorsements, concerts, and his own music, but his earnings could not keep up with his luxurious lifestyle.

Jackson lived an extravagant lifestyle and reportedly spent around $30 to $50 million annually on himself alone. By the time of his death in 2009, unpaid bills had piled up with his publicists, agents, and lawyers.

One of his biggest purchases was the Neverland Valley Ranch, a private amusement park and Jackson’s home from 1988 up to 2005. The cost of the ranch alone was $17 million, and cost $5 million a year just to maintain the property. Along with that purchase, he also spent millions on a divorce settlement, lawsuits, antiques, clothes, Bentleys, and his diamond-encrusted gloves.

Jackson was also known to spend millions of dollars on several video projects, which amount to about $65 million.

After Jackson’s death, his executors planned a comeback to make the King of Pop’s finances shift to the positive side. This was carried out mainly by doing licensing and publishing deals, so that they did not have to sell the singer’s music portfolio. Jackson’s future music rights, which amounted to $250 million, were sold to Sony. His lawyers also joined several home videos to come up with the movie “This is It,” which to this day is said to have made more than $500 million.

In new court documents filed under California, Jackson’s estate now has $600 million in revenue and $18 million in cash.

Jackson’s three kids – Prince, Paris, and Blanket – are the chief beneficiaries. They get to spend $8 million yearly — $3 million on education, $28,500 monthly rental for a mansion, $600,000 in security, and $300,000 for a vacation.

Michael Jackson’s Estate

Image via Michael Jackson, Twitter

  • mary

    I cannot get over the tsuanmi of TRASH the MEDIA keeps SPOUTING about Michael. Please do your research WHEN PUBLISHING AN ARTICLE FOR MASS CONSUMPTION. It is not difficult to find.

    1. HE WAS NOT IN DEBT WHEN HE DIED, HE HAD PLENTY OF ASSETS TO COVER HIS DEBTS.

    2. THE REASON HE ‘RAN OUT OF MONEY’ WAS BECAUSE PEOPLE STOLE FROM HIM AND PURPOSEFULLY RUINED HIS BUSINESS VENTURES FOR DECADES TO TAKE HIM DOWN.

    3, WHILE I’M AT IT, HE DID NOT KILL HIMSELF, HE WAS MURDERED.FROM 1987 UNTIL HE DIED MICHAEL WAS CONSTANTLY HUNTED AND SET UP. IN
    2002 HE MADE A SPEECH AGAINST CERTAIN PEOPLE THAT SIGNED HIS DEATH
    WARRANT. IT WAS NOT THE ILLUMINATI THAT KILLED HIM, IT WAS ORGANIZED CRIME. THEY DID INDEED, FINALLY TAKE HIM DOWN

    TRASH ARTICLE FULL OF SLANDER COPIED AND PASTED FROM TABLOID FABRICATIONS. SHAME ON YOU!!

  • Honestwriter

    It’s amusing how you talk about his ‘extravagant’ life with so much passion, but you forgot to mention the millions of dollars he gave to charity.

    The tone of this article is somewhat trying to imply he lived so extravagantly and wasted his money….I researched Michael thoroughly and I believe records show he gave up to half of his earnings to charity alone….and helped so many people in his life, including his family.
    And what else he did with his money…is his business….

  • http://www.myspace.com/angelmichelle Angel

    We love and miss you Michael

  • Naneh Sarin

    WE LOVE YOU MICHAEL! FOREVER!!!

  • Tena D (MJ’s Voice)

    http://facebook.com/believethemichaeljacksondeathhoaxinvestigation the king of pop is still Alive and will return July 7, 2014. BeLIEve

  • Tena D (MJ’s Voice)

    See Michael Jackson still ALIVE at http://www.youtube.com/steamyhotlatin The truth will set your heart free…

  • Elijah Harris

    Look at Michael Jackson from 1993-2009 the allegations of the child molestation charges and betrayal by the media and newspapers this innocent man was dying before are very eyes there was nothing anyone could do but to leave him alone he got skinny,sad,depressed,and paranoid meaning he couldn’t trust I just wished he worried about his self instead of pleasing everyone else but he love it and he died for us seriously think about it HE DIED FOR US!!!!!!!!!!!