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

LI_Mobile_Leaderboard_1

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:

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

      Delete
  2. Wow! That's Good business.

    Your comment will be visible after approval

    ReplyDelete
  3. Chai....wealth dat lives after u

    ReplyDelete
  4. $100 mill each? Whew! Truly i believe some people are born stars...

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

    ReplyDelete
  6. Nice


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

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

    ReplyDelete
  8. That's good for the kids


    OKORO UPGRADED**

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

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

    ReplyDelete
  11. Download latest hollywood,nollywood,bollywood and ghallywood movies- 3gp,mp4,avi format at www.gurusvilla.net

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

    ReplyDelete
  13. Now you know why they killed him.

    They murdered MJ to steal his money.

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

    ReplyDelete
  15. 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.

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

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

    ReplyDelete
  18. Congratulations


    http://www.bummyla.com

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

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



    #TeamBlessed#

    ReplyDelete
  21. OGO DE EMI PIN MA SE JE KO JE TE MI OLUWA

    ReplyDelete
  22. American government property noni joor

    ReplyDelete
  23. 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.

    ReplyDelete
  24. Heard. Engr Emy

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

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

    ReplyDelete
  27. 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.

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

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

    ReplyDelete
  30. 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?

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

    ReplyDelete
  32. My hero, my king, the deity among men rest well

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

    ReplyDelete

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

Recent Posts