Apparently he has a $350 million loan on the catalogue from Bank Of America and I think he already sold half of it to Sony for advances on royalties.
Imagine blowing a billion on kid's toys. This guy is insane. With proper investment he could have been worth 5 billion by now.
When talking about MJ, it is probably best not to mention "blowing" and "kids" in the same sentence.
The cost of veils for the kids must cost a small fortune...