CLOSE
0 reads
Leave a comment

ichael Jackson died 6 years ago today, and TMZ has learned his estate went from the brink of bankruptcy to financial fortune … and his kids are now better off than their famous dad.

Sources familiar with the financials tell TMZ, the estate has grossed nearly $2 billion since MJ’s death. The money comes from the movies “This is It,” the Cirque show “Michael Jackson: The Immortal World Tour,” 50 million albums sold and various other ventures.

After expenses, that $2 bil gets whittled down to around $800 million — which is a very good return.

But the $800 mil gets significantly cut by taxes … we’re told to around $450 mil.

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.

Read more: http://www.tmz.com/2015/06/25/michael-jackson-6-years-death-anniversary-estate-money-billion-kids-children/#ixzz3e6bZssAb

 

0625-michael-jackson-getty-02

Also On Power 107.5:
comments – add yours
×