Friday, June 26, 2015

Micheal Jackson's estate has made $2billion since his death


In a twist of fate, Michael Jackson whose estate was bankrupt when died in 2009 at the age of 50,is now $2b richer..This comes six years after his death.According to  TMZ a source said his three children - Prince, 18, Paris, 17, and Blanket, 13 - are now richer than he ever was as they can now each inherit $100 million if they choose to liquidate his estate.
It was revealed that the amount comes from his movie This Is It as well as the Michael Jackson THE IMMORTAL WORLD TOUR by Cirque du Soleil and the sales of millions of albums.The estate has grossed nearly $2 billion since Michael's death.'After expenses that $2b gets decreased to around $800 million.And after taxes, there is only $450m left.

'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,'

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...