Don't forget `Bubbles' Jackson.
Posted on 06/25/2015 5:34:25 PM PDT by dennisw
Michael Jackson's estate 'has made $2 BILLION since his death' it was revealed on the six year anniversary of his passing at age 50
The King Of Pop was 50-years-old when he died June 2009 His estate was bankrupt at the time but has since made $2 billion The money comes from his movie This Is It, the Michael Jackson THE IMMORTAL WORLD TOUR by Cirque du Soleil and album sales
When Michael Jackson died in 2009 at the age of 50, his estate was bankrupt.
But in the six years since his passing, a fortune has been made under his name, TMZ reported on Thursday, which was also the six-year anniversary of the Thriller singer's death.
A source also told the site his three children - Prince, 18, Paris, 17, and Blanket, 13 - are now richer than he ever was as they can now each inherit $100 million if they choose to liquidate his estate.
'His estate went from the brink of bankruptcy to financial fortune,' the site maintained.
'The estate has grossed nearly $2 billion since Michael's death.' RELATED ARTICLES
It was revealed that the amount comes from his movie This Is It as well as the Michael Jackson THE IMMORTAL WORLD TOUR by Cirque du Soleil and the sales of millions of albums.
The King Of Pop's popularity skyrocketed after his shock death at his Holmby Hills home in California. His albums Off The Wall, Thriller and Bad were downloaded at a record rate.
The site estimated that after expenses that $2b gets decreased to around $800 million.
And after taxes, there is only $450m left.
'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,' TMZ's source added.
(Excerpt) Read more at dailymail.co.uk ...
Image how much he would have made without the confederate flag flying in South Carolina?
The estate is worth 2 billion plus because if Michael Jackson were alive he would have blow all or most of it. He was an uncontrollable spendthrift. So he is worth more dead than alive
WTF????
The site estimated that after expenses that $2b gets decreased to around $800 million.
And after taxes, there is only $450m left.
I forgot about the “spendthrift” aspect, but without MJ being alive and kicking, there aren’t any new allegations of sexual impropriety that they have to pay off...
Talented? Yes! Creepy? No doubt!
Put him on a postage stamp!
Thanks. I missed that detail. The two entertainment lawyers that run the Michael Jackson estate and negotiate deals, they get a 10% cut. They are Jewish and Michael Jacksons siblings who are essentially getting nothing have made anti-Semitic statements about them. Cause the “Jew lawyers” are getting paid and they are not!! :)
He could be the first white woman on the new $20 bill
Chump change compared to Elvis. Although 2 billion is nothing to sneeze at.
There are a lot of celebs that have those attributes. And I've notice that "dying is a good career move" for a lot of them.
People name their kids some dumb names and conservatives are no different...Bristol? Poor girl not wonder she is so screwed up. Just wait until we see Apple in 10 years....Gwenyth will regret that decision too.
Reminds me of an old cartoon where either Bugs Bunny or somebody wins a fortune, but as soon as they receive it, looking at the huge fortune on their table, a government guy walks by and takes it all. But makes a show of letting him keep a quarter.
Champagne For Caesar ends with the guy intentionally throws the big money round after the T men told him how much they would take after winning.
Don't forget `Bubbles' Jackson.
He should have picked a more conventional name like “Moon Unit”.
Dead men don’t throw star fits.
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