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 Lifestyle

Forget 2-day shipping, Amazon launches 1-hour delivery

Fresh
A box from Amazon.com is pictured on the porch of a house in Golden, Colorado on July 28, 2008.

You won't get your deliveries in a New York minute, but you might be able to get them in a Manhattan hour.

in Sports

Friday’s Sports Minute

Fresh
bluejackets

Here are some of the big sports stories making headlines today, Friday, Dec. 19.

in Sports, Weird

Boy sends $1 allowance to help save UAB football

Fresh
uab

A 5-year-old boy hoping to save the UAB football program has donated his allowance and a handwritten note.

in Sports

Rondo traded to Mavericks

Fresh
celtics

The Dallas Mavericks landed point guard Rajon Rondo in a trade with the Boston Celtics.

in Sports

Long Todman run helps Jaguars take down Titans

Fresh
jags

Jordan Todman produced a 62-yard touchdown run to help Jacksonville beat Tennessee.