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.
50 comments:
Good to hear
Wow! That's Good business.
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Chai....wealth dat lives after u
$100 mill each? Whew! Truly i believe some people are born stars...
Father has worked for his children, keep resting in peace mj the world miss u
Nice
Moye says so via BB Passport...Courtesy LIB......
Cool stuff
Interesting
From 2b dwn to 100m ch to hz kids though not bad business @all....
That's good for the kids
OKORO UPGRADED**
When he was making money my sad was busy jonsing around, just imagine......This could hv been my dad but..............
When he was making money my sad was busy jonsing around, just imagine......This could hv been my dad but..............
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Choi ! See money. ........ sbr they should come and adopt me biko
Now you know why they killed him.
They murdered MJ to steal his money.
Why is the tax soooooooo much? Wooow... $450million?nawa
Abeg look at his shirt very closely. What are those drawings? snakes and a strange head in the middle of his chest. Talking about selling one's soul to the devil...na wah. And the devil has taken everything back while MJ died miserably. His thin, naked corpse was even filmed. Pathetic, really.
Dats what I call "Legacy". Linda take note!
a.k.a EDWIN CHINEDU AZUBUKO said..
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So this kids are millionnaires already....
.
.
***CURRENTLY IN JUPITER***
woah.....awesome
Congratulations
http://www.bummyla.com
Wow...he was and still the king of pop....continue to rest in peace.
MJ......The Legend!
Okies
it is well
For real ? Too much money
Oh boy! Those kids will be forever grateful to Micheal their father.
#TeamBlessed#
Good for them
OGO DE EMI PIN MA SE JE KO JE TE MI OLUWA
American government property noni joor
Nice one we know what Bob Marley Elvis Presley,Tupac ,Micheal Jackson estate made etc. has any one read any were what Fela estate made? NEVER we lack data our entertainment industry death on arrival,which foreigner will invest in a country without entertainment industry data info?,sorry ass industry.
Heard. Engr Emy
A good father leaves a good inheritance for is children says the Lord
Cool
Cool..."am not crying pepper entered my eye
Wow that's a lot of cash
Wow that's a lot of cash
It's good to make investment/income for ur kids incase of sudden demise of a parent, the kids should never lack, I just hope this one's won't blow it all within years.
Wow....dats some Cash
Nice, Rest on brother.
Irony of life. May his soul continue to rest in peace.
Those children of his wil never b poor except they misuse d monies. U can imagine MJ was richer than when he was alive.
The way taxation cuts deep into celebs finances mehn. From $800m you have to pay about $260m in taxes? Haba mehn. Na govt u dey work for?
SO NA THIS OYINBO CHILDREN GO ENJOY MJ HARD WORK. MAKE DEM GO FIND AND TALK TRUE WHO DEM REAL PAPA AND MAMA BE
Money JACKSON
Wowwww!
Wow that's nice
Pretty cool
Wow! He as really planed 4 his kids future o, gr8 man
My hero, my king, the deity among men rest well
Good of him. May His soul continue to rest in peace.
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