Even in death, Michael Jackson is still making so much money, he’d probably be richer than some top guns in the entertainment industry who are still alive.
Since his passing in 2009, Michael Jackson’s estate was bankrupt, but in the 6 years since his passing, a fortune has been made under his name.
According to 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 $800m – 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.
But there are other ventures, like Sony, where the estate generates a lot of cash.
As for Michael’s kids, there’s a trust where millions gets distributed as they get older.
Our sources familiar with the financials tell TMZ … if the estate were completely liquidated today, each kid would get around $100 million.
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