Michael Jackson Tour Could Have Raked In A Cool £1 Billion Dollars
So, he really was the $1 billion man.
The despair felt by ticket holders when Michael Jackson died would have been twofold – they’d just lost an idol, and were oh so close to seeing what surely would have been his last live tour.
An elusive figure, much is still unknown about his life
Alas, it wasn’t meant to be. The King of Pop surrendered his crown and passed away aged 50 in 2009. Still he makes the headlines though, and it’s largely down to the endless court cases that continue to plague his untimely death.
The current trial, currently in its 12th week, is expected to last until the end of July, and sees the Jackson family suing AEG, the promoters of the doomed comeback tour. Part of the court case rests on how much money would have been made if the tour had gone ahead, a sum that financial experts believe to be at the $1b mark. "Demand was so wild that he probably could have charged more for tickets and still sold out," Accountant Arthur Erk told the court having used conservative estimates to determine Jackson's earning potential.
Michael Jackson's family have found the intense media scrutiny tough
Considering his age and condition at the time, Jackson's mother said she was surprised when Jackson announced the This Is It concerts in London. "He didn't want to be doing the moonwalk on stage when he's over 50," she said in a video statement to the court, according to The BBC. Jackson’s personal doctor Conrad Murray was jailed for four years in 2011 after being found guilty of involuntary manslaughter.