Michael Jackson's estate has made $2billion since his death | Welcome to Linda Ikeji's Blog

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Friday, 26 June 2015

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

When Michael Jackson died on June 25th 2009 at the age of 50, his 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.

50 comments:

Davido's driver said...

Good to hear

Alloy Chikezie said...

Wow! That's Good business.

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NaijaDeltaBabe said...

Chai....wealth dat lives after u

Bonita Bislam said...

$100 mill each? Whew! Truly i believe some people are born stars...

Unknown said...

Father has worked for his children, keep resting in peace mj the world miss u

Unknown said...

Nice


Moye says so via BB Passport...Courtesy LIB......

Anonymous said...

Cool stuff

MYS fabric bags lagos 08134794565, D60E8C4D said...

Interesting

Unknown said...

From 2b dwn to 100m ch to hz kids though not bad business @all....

Unknown said...

That's good for the kids


OKORO UPGRADED**

Eze said...

When he was making money my sad was busy jonsing around, just imagine......This could hv been my dad but..............

Eze said...

When he was making money my sad was busy jonsing around, just imagine......This could hv been my dad but..............

EXPOCREW said...

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Rhoda said...

Choi ! See money. ........ sbr they should come and adopt me biko

Anonymous said...

Now you know why they killed him.

They murdered MJ to steal his money.

Unknown said...

Why is the tax soooooooo much? Wooow... $450million?nawa

Anonymous said...

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.

Unknown said...

Dats what I call "Legacy". Linda take note!

Unknown said...

a.k.a EDWIN CHINEDU AZUBUKO said..
.
So this kids are millionnaires already....
.
.
***CURRENTLY IN JUPITER***

Ayodele Jay said...

woah.....awesome

bummyla said...

Congratulations


http://www.bummyla.com

Unknown said...

Wow...he was and still the king of pop....continue to rest in peace.

Unknown said...

MJ......The Legend!

Trendyify said...

Okies





















it is well

Beloved #CHIVIDO 2020 said...

For real ? Too much money

Unknown said...

Oh boy! Those kids will be forever grateful to Micheal their father.



#TeamBlessed#

Unknown said...

Good for them

ASHANKA said...

OGO DE EMI PIN MA SE JE KO JE TE MI OLUWA

Steady said...

American government property noni joor

Anonymous said...

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.

7F098C19 said...

Heard. Engr Emy

tinko design services said...

A good father leaves a good inheritance for is children says the Lord

Unknown said...

Cool

Unknown said...

Cool..."am not crying pepper entered my eye

Jasmine Joseph said...

Wow that's a lot of cash

Jasmine Joseph said...

Wow that's a lot of cash

SMURF said...

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.

Debbie Chelsea said...

Wow....dats some Cash

ary said...

Nice, Rest on brother.

yawanow said...

Irony of life. May his soul continue to rest in peace.

Unknown said...

Those children of his wil never b poor except they misuse d monies. U can imagine MJ was richer than when he was alive.

Anonymous said...

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?

Anonymous said...

SO NA THIS OYINBO CHILDREN GO ENJOY MJ HARD WORK. MAKE DEM GO FIND AND TALK TRUE WHO DEM REAL PAPA AND MAMA BE

dessymal said...

Money JACKSON

Juleslouis said...

Wowwww!

prettiyz said...

Wow that's nice

Unknown said...

Pretty cool

Unknown said...

Wow! He as really planed 4 his kids future o, gr8 man

Unknown said...

My hero, my king, the deity among men rest well

Unknown said...

Good of him. May His soul continue to rest in peace.

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