News

Michael Jackson has earned $600M since dying

Michael Jackson has earned $600M since dying

KING OF POP: The King of Pop reportedly owed around $400 million prior to his death. Photo: Associated Press

The late Michael Jackson was plagued with debt before his death in 2009, but almost five years later, his estate has earned $600 million in revenue.

The King of Pop reportedly owed around $400 million prior to his death, and executors have been making amends for his excessive spending by generating funds for his three children’s inheritance by striking various publishing and licensing deals.

According to new documents filed in a California court, Jackson’s estate now holds $18 million cash and has earned $600 million in revenue.

Jackson’s kids, Prince, Paris and Blanket, are the main beneficiaries of the haul, receiving $8 million per year, which includes $3 million for education, $300,000 for vacations and $15,000 in pocket money.

Recent Headlines

in Entertainment

Today in entertainment history: Sept. 4

Comedian Joan Rivers arrives for the premiere of the documentary "Joan Rivers - A Piece Of Work" during the 2010 Sundance Film Festival in Park City, Utah January 25, 2010.

A walk down Hollywood's memory lane.

in Local Sports

Sims leads Shock past Storm 85-67 for sixth-straight win

seattle storm logo

Odyssey Sims had 24 points and four assists to lead the Tulsa Shock to an 85-67 victory over the Seattle Storm on Thursday night.

in Local Sports

Lockett’s early TD sends Seattle to 31-21 win over Oakland

Tyler Lockett runs while taking part in drills at Seattle Seahawks NFL football rookie minicamp Sunday, May 10, 2015, in Renton, Wash.

Tyler Lockett scored his third touchdown of the preseason on a 63-yard reception from Russell Wilson

in Local

Dozens of dogs, cats, chinchillas seized from Seattle home

sad dog

Seattle Police say they have seized more than 40 animals from squalid conditions in a Seattle home.

in Local

Washington Supreme Court rules against Backpage.com

courtroom

The Washington Supreme Court has ruled in favor of three young girls who sued Backpage.com after they were sold as prostitutes on the site.