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, Lifestyle

HAPPY BIRTHDAY: 26 freebies to help you celebrate

birthday

On your birthday you can have your (free) cake and eat it too!

in Viral Videos

WATCH: Chris Farley in ‘Mission: Impossible – Rogue Nation’

13-overlay19

This mashup is both hilarious and impressive.

in Entertainment

Facebook has an heiress

facebook

Mark Zuckerberg and his wife, Priscilla Chan, are expecting their first child.

in Entertainment

TV: What’s new on Netflix, Amazon & Hulu

netflix

August is shaping up to be a good month for streaming some hit movies and the TV series you've been meaning to check out.

in Entertainment

REVIEW: Strong cast helps ‘Rogue Nation’ create a blast of entertainment

20-overlay10

In the latest installment of the "Mission: Impossible" franchise, Tom Cruise may have finally found a marriage that will work.