When Michael Jackson passed away 6 years ago today his debts were around $500 million. Since that time TMZ reports that the King of Pop’s estate has grossed nearly$2 billion.
The revenue streams come from MJ’s ONE show by Cirque du Soleil, 50 million records sold, the movie This Is It and other business ventures.
The $2 billion gets whittled down to $450 million after taxes and expenses. That would reduce his debts almost nothing and in the years to come the estate will see healthy profits.
Jackson made sure his three children were well taken care of financially. They each receive a significant amount of money as they get older. If the estate was liquidated today, Paris, Blanket and Prince would each get $100 million.
source: thisis50.com
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