• Admin
  • Receive an Update

    You are Here in » Unlabelled » Michael Jackson's estate has made $2billion since his death





    Michael Jackson's estate has made $2billion since his death




    When Michael Jackson died on June 25th 2009 at the age of 50, his estate was bankrupt, but in the 6 years since his passing, a fortune has been made under his name.

    According to TMZ
    The estate has grossed nearly $2 billion since MJ's death. The money comes from the movies "This is It," the Cirque show "Michael Jackson: The Immortal World Tour," 50 million albums sold and various other ventures.
    After expenses, that $2 bil gets whittled down to around $800m - which is a very good return. But the $800 mil gets significantly cut by taxes - we're told to around $450 mil.

  • MJ's debts at the time of his death were around $500 million, so just on those 2 numbers the estate approaches being in the black.  
    But there are other ventures, like Sony, where the estate generates a lot of cash.
    As for Michael's kids, there's a trust where millions gets distributed as they get older.
    Our sources familiar with the financials tell TMZ ... if the estate were completely liquidated today, each kid would get around $100 million.

    More Articles


    Make use of Smilleys Codes

    Quick Help!

    Having issues? Need quick fix? simply email me or call me

    Learn more

    Write For Us

    Submit a guest post and see it get published real quick

    Learn more

    Advertise Here

    Place relevant banners, links, and sponsored posts at affordable rate.

    Learn more

    Get notified on FB