News

Michael Jackson has earned $600M since dying

Michael Jackson has earned $600M since dying

KING OF POP: The King of Pop reportedly owed around $400 million prior to his death. Photo: Associated Press

The late Michael Jackson was plagued with debt before his death in 2009, but almost five years later, his estate has earned $600 million in revenue.

The King of Pop reportedly owed around $400 million prior to his death, and executors have been making amends for his excessive spending by generating funds for his three children’s inheritance by striking various publishing and licensing deals.

According to new documents filed in a California court, Jackson’s estate now holds $18 million cash and has earned $600 million in revenue.

Jackson’s kids, Prince, Paris and Blanket, are the main beneficiaries of the haul, receiving $8 million per year, which includes $3 million for education, $300,000 for vacations and $15,000 in pocket money.

Recent Headlines

in Entertainment

Today in entertainment history: Oct. 2

Fresh
elvis

A look back at the Hollywood headlines that made history.

in Entertainment

Jimmy Kimmel is the Internet’s most dangerous man

kimmel

Searching for the late-night comedian may be hazardous to your hard drive.

in Entertainment

‘Rush Hour’ could be headed to the small screen

rushhour

The series will reportedly follow the style of the movies.

in Music

En Vogue reuniting for Christmas movie

envogue

The R&B group will play themselves in a made-for-TV movie.

in Music

Malcolm Young’s nephew to replace him in AC/DC

Malcolm Young, Cliff Williams, Angus Young and Brian Johnson of AC/DC
Premiere of 'AC/DC - Live at River Plate' at Hammersmith Apollo - Arrivals London, England - 06.05.11

Rockers AC/DC are planning to keep it in the family when it comes to replacing guitarist Malcolm Young in the line-up.