Thursday, March 28, 2024

Michael Jackson’s Estate Earns $2 Billion After Death

Michael-Jackson

*When Michael Jackson passed away, he left behind a booming legacy but his estate was on the brink of bankruptcy. In the six years since his death, the estate has grossed nearly $2 billion.

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 billion gets whittled down to around $800 million, the $800 mil gets significantly cut by taxes … around $450 mil, according to TMZ.

As for Michael’s kids, there’s a trust where millions gets distributed as they get older.

Sources familiar with the financials tell TMZ that if the estate were completely liquidated today, each kid would get around $100 million.

Last year, Michael Jackson took the No. 1 spot on Forbes’ list of the Top-Earning Dead Celebrities—topping Elvis Presley, Bob Marley and Marilyn Monroe—by bringing in a reported $140 million. That was part of the $700 million that Jackson made in the first five years since his death, according to Zack Greenburg, author of “Michael Jackson, Inc.,” a book about the music legend’s business empire.

Since his passing, Jackson has sold over 13.2 million albums, compared to the 13.1 million he sold from 1996-2008, per Nielsen as reported by The Wrap.

Jackson also has a huge social media following, with more than 75 million likes on Facebook. His verified Twitter account, @michaeljackson, was started the month following his death and has since accumulated 1.84 million followers.

June 25 marked the sixth anniversary of Jackson’s death – who died in 2009 at age 50 – and among the musical tributes to the singer posted on social media, one comes from a group of students from the KM Music Conservatory in Chennai, India.

Their rendition of Jackson’s hit “Xscape” sees their Indian classical style blend seamlessly with the King of Pop’s trademark dance moves. Check out the video below.

We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!

YOU MAY LIKE

SEARCH

- Advertisement -

TRENDING