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 Viral Videos

Jason Alexander re-records George Costanza’s classic ‘Seinfeld’ answering machine message

15-overlay10

"2 Broke Girls" star Kat Dennings gets a custom voicemail message based on the infamous answering machine song.

in Entertainment, Sports

Bruce Jenner: ‘I am a woman’

brucejenner

The retired Olympic champion confirmed long-running speculation suggesting he is transitioning from male to female.

in Entertainment

This weekend in entertainment history

studio54

A look back at some of Hollywood's most memorable headlines.

in Entertainment

Billboard suggests Sean ‘Diddy’ Combs in the line of fire for ‘Rush Hour 4′

puffdaddy

Is this a prank or is Puff Daddy replacing Chris Tucker in the fourth installment of the franchise?

in Lifestyle

Diet Pepsi dropping aspartame on customer concerns

soda

The decision to swap sweeteners comes as Americans keep turning away from popular diet sodas.