Exploring ‘Who Are The Heirs To Philanthropist King Of Pop Michael Jackson Fortune- Michael Jackson’s Net Worth, Bankruptcy’ One of the most popular entertainers of all time was Michael Jackson. He made a sizable fortune throughout the course of his career. Who then will inherit his estate? And how much money is he currently worth? Let’s look at it.
Michael Jackson’s Net Worth
Michael Jackson was a pop icon and one of the most successful singers in history. When he died in 2009, Michael Jackson was in debt of $500 million, because of his notorious spending habits, which led to him accumulating massive debts totaling $500 million by the time of his death.
Jackson’s lavish lifestyle cost him around $50 million per year, including $12 million paid to his ex-wife Debbie Rowe. In the years between 1985 and 1995, Jackson earned an average of $50-100 million per year, but he quickly burned through it all.
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His most expensive acquisitions included building a $1 million crystal bathtub and purchasing the Neverland Ranch, where he kept a menagerie of exotic animals.
Jackson kept on touring and selling recordings despite his financial difficulties until his passing in 2009. Jackson’s estate has generated over $700 million in earnings in the ten years since his passing.
Who Are The Heirs To Philanthropist King Of Pop Michael Jackson Fortune
The Heirs To Michael Jackson’s Fortune
Michael Jackson left the bulk of his estate to his three children:Â Prince, Paris, and Blanket. His mother, Katherine Jackson, is the trustee of their inheritance and manages their trusts.
She receives an allowance from the trusts to cover her living expenses. The rest of the money is used for things like education and health care for the children. When they reach adulthood, they will each receive their share of the trust fund—which is currently valued at $700 million.
While it is impossible to know the exact value of Michael Jackson’s estate, we do know that his net worth was significant. Even more importantly, we know that his legacy will continue to live on through his music and through the lives of those he has touched.
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King Of Pop Michael Jackson’s Estate Worth?
Michael Jackson’s Net Worth 2022 Forbes
Michael Jackson, the best-known American singer-songwriter in the world, has a $600 million fortune.
